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Welcome to the USAGOLD Gold Discussion Archives. The archives of this gold discussion forum are a treasure trove of information to educate investors about protecting their wealth through portfolio diversification with private gold ownership. The discussion forum also covers the wider issues of the past, present, and future role of gold in international monetary policy and the dynamics of the modern gold markets...   (Discussion Forum Hall of Fame) (The Gold Trail) ("Thoughts!" by ANOTHER)   The opinions posted by all guests are expressly their own and do not necessarily represent the views of the management or staff of USAGOLD - Centennial Precious Metals. The hosting of the public discussion shall therefore not be construed as an endorsement by USAGOLD - Centennial Precious Metals of any of the opinions posted here.

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ARCHIVED DISCUSSION FROM 3/6/2007
All times are U.S. Mountain Time

(Yesterday's Discussion.)

mikal (3/6/07; 23:35:38MT - usagold.com msg#: 153149)
Echos
http://www.rgemonitor.com/blog/roubini/181593/
RGE - US and Global Financial Turmoil: Ten Observations on the Coming Financial and Economic Hard Landing by Noriel Roubini | March 5, 2007
Summary of a larger piece on the US and world economies. Very incisive with some original thinking and disturbing implications. (Peter Schiff just wrote a similar piece today, but was upbeat about prospects for some select, mostly foreign stocks, bonds, and currencies, unnamed, and strongly endorsed gold.)
You'll notice some high quality comments following Roubini's summary, especially immediately after it was posted(probably the first on the ball).

GOLD FINGER (3/6/07; 18:32:24MT - usagold.com msg#: 153148)
GOLD shines on!!
Hello to ALL TRUE gold bugs!!

REF:flow5 (3/6/07; 17:46:29MT - usagold.com msg#: 153146)

I don't really like Greenspan either Flow. However, he gained the world's ear with his last calling as Chairman of the FED. Can anyone really do the job? Even with the current genius Ben? It was absurd for the Government to even create that department/branch/calling/ in the fist place.

This was only because most in Congress are to ignorant to handle it as a committee! To allow some man or for that matter any man to dictate the issuance of rates and other economic information is what's ridiculus.

He may have a point with "his recession" forecast. If the slump in the housing sector lasts long and the Price of OIL increases significantly we could slide right into one. I mean...we have had them in the past!

GF


melda laure (3/6/07; 17:51:09MT - usagold.com msg#: 153147)
yesta ya
@ OVS

I would have thought the bidness sells itself when prices are high... When POG is floundering is when the old timers advice comes in handy.

flow5 (3/6/07; 17:46:29MT - usagold.com msg#: 153146)
Greenspan
I don't know why Greenspan thinks anyone respects his opinion. His conundrum (the payments gap that's filled by foreigners) was, at his helm, what produced the housing crisis.

Allan Greenspan discontinued publishing two important economic statistics; 1) M3 in March 23 2006 (all countries conducting monetary policy on a prudential reserve basis report M3), and 2) the debit series in October 1996 (elminating the only valid velocity figure)

Under Greenspan's tutelage the Federal Reserve caused the 87 stock market crash, thwarted Bush senior's re-election challenge, drove the Y2K stock market bubble, forced a bear market, created the subsequent recession and corresponding deficits (the war not withstanding) and sanctified our gross housing speculation (avg. price of house rose 83 percent in 5 years).

Dr. Greenspan presided over the Asian currency crisis. He completely ignored the most important reasons for the crisis – growing current-account deficits, excessive short-term foreign borrowing, banking sectors weighed down by speculative property loans, and pegged exchange rates.

Dr. Greenspan tenure covered the current account deficit, which from the time he was sworn in, to the time he left office, amounted to the collosal sum of 5,139 trillion.

To put the current account deficit in perspective, the cumulative deficit of 5 trillion, is equal to the "combined market capitalization of the following fifteen Dow Jones companies: Alcoa, American Express, Boeing, Caterpillar, Coca-Cola, DuPont, General Motors, Hewlett-Packard, Home Depot, Honeywell, 3M, McDonalds, Merck, SBC Communications, and Walt Disney".

For Dr. Greenspan to speculate that the U.S. could lapse into a recession is preposterous.


OvS (3/6/07; 16:36:24MT - usagold.com msg#: 153145)
Trust, ect.
Why do foreigners invest in the
US stockmarket and trillions into
the US bond and treasury markets?
Are they really stupid? No, they
are clever and sharp like rasor-
blades.
The simple answer is:
They want to sell 10 billion of
whatever, or buy, the US market
will accomodate them. LIquidity!!
When you think about it: liquidity
equals to trust and confidence.
Let's say you are a successful
Chinese. Would you rather trust the
Japanese markets or Europeans, or
the US markets? When it comes to
the really big deals, there is no
equal to the United States Market.
Period.
All these Arab trillion, made with
oil revenues. Where do they wind up?
In Manhattan and London. Who else
can you trust with billions? Who is
the largest single investor in a
Jewish run Citi Bank Group? An Arab
Prince from Saudi Arabia. Get the
picture? (Yes, it used to be the
WASP money that dominated the banking
industry, but they have been margina-
lized by the more daring tribes, and
rightly so). That's not politically
correct, so ignore the previous
sentence. Anyways, trust and confi-
dence. In India, there are really
major problems with that. Lots of
fake jewellry, etc. That's why I think,
USAGold would do extraordianrily, on
a world-wide basis: it would beat hands-
down any other foreign gold-retailer
on that score: trust and confidence, and
foreigners would flock to its dealer
ship deals.
So what's the problem?
Well, liquidity and trust and confidence
only go so far. When liquidity (injec-
tions of the Federal Reserve) is used
to CREATE trust and confidence, then
watch out... There is a fine point in
blancing these entities and that balncing
act I leave to more accomplished jogleurs
and hope for the best. In order not to be
left out in left field, I have the safety
net of precious old-age verified assets.
I might be short on quick gains in quick
deals, but human nature usually reasserts
itself and my precaution will save my
needs and my childrens. OvS



USAGOLD Daily Market Report (3/6/07; 16:28:01MT - usagold.com msg#: 153144)
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 introductory information packet detailing the products and services offered by USAGOLD ~ Centennial Precious Metals. We welcome your inquiry and look forward to working with you.

TUESDAY Market Excerpts

Physical buying drives gold higher

March 6 (Reuters, DowJones) -- COMEX gold futures finished 1 percent higher on Tuesday, helped by renewed physical buying after sharp losses in previous sessions, as global shares rebounded after a tumultuous sell-off last week.

The most active April contract settled up $7.00 at $646.20 after bottoming at $634.50, a level last seen on Jan. 19. It hit a session high of $648.90.

David Meger, metals analyst at Alaron Trading, said that a rebound in the Asian and U.S. shares prompted physical buyers to enter the market.

Meger said that gold also got a reprieve from the selling pressure by funds that was seen in the last few sessions. He also cited short covering for gold's gain.

Bernard Hunter, director of precious metals marketing at ScotiaMocatta, cited bargain hunting and a stronger yen, which made prices relatively cheaper for bullion investors in the Tokyo market.

The yen last week posted its biggest weekly percentage gain against the dollar since December 2005. The Japanese currency dipped against the dollar on Tuesday.

The metals lately have been "money-flow markets" more so than markets moving on fundamentals, said Bill O'Neill, one of the principals with LOGIC Advisors.

"If there is one phrase I'd use for today, it's that there is clearly a different money-flow pattern than there has been in the last week," he said.

"But certainly these markets are not out of the water and we need to see more normalcy come in. The jury is out and it's premature to say that everything is over."

---(see url for full news, 24-hr newswire)---

Lackluster (3/6/07; 16:22:52MT - usagold.com msg#: 153143)
.

Pal, I, for one, like your hybrid tale!

Pal (3/6/07; 15:25:45MT - usagold.com msg#: 153142)
et tu Bruté
http://financialsense.com/fsu/editorials/laird/2007/0306.html
@ Goldilox and Mikal

Laird in his article linked above made me think of the latest web bot warning from George Ure.

Christopher Laird:
"The other problem is the Yen carry trade is still very much out there, like water flooding our Aircraft carrier. Sooner or later, the weight of that will again cause successive waves of market liquidations.

Ultimately, it may turn over. (read great world stock collapse).

That remains to be seen, but it certainly is the big question of the day as to whether the ship fire fighters can put out the blazes, and the pumps keep ahead of the inrushing water, (ever pressuring Yen carry still outside the hull trying to get in) on our wounded market ‘Aircraft Carrier’.

In the Asian crisis of ’97, that was barely done. (a world wide financial and liquidity collapse happened anyway).

This time, I consider the risks far greater. The Yen carry since has grown to incredible levels. And leverage in every market has also grown to incredible levels, and then add on top of that the explosion of the derivatives business – formerly at only $20 trillion about 1990, that is now, in my estimation over a $quadrillion in value (1000 trillion)."

Web Bot:
"However the actual [visible flip/roll] shows for February 27. The coming period of 8/eight days leading up to the Ides of March release period will also be presenting more [visible] (manifestations) of financial crumbling, but by that time, it is far too late to react to stem the process. In fact, as of this interpretation, ...alea jacta est/the die is cast. Start running now, just guess correctly as to which way the iceberg will roll."
http://www.urbansurvival.com/lastweek.htm#latesthit
http://www.halfpasthuman.com/

Pal:
Maybe we could join the two descriptions above and tell the tale thus...
A week ago the ship RMS Novus Ordo Seclorum sailed directly into the largest debtberg in all of recorded history. As we speak the great sea of liquidity is quickly entering the starboard side of the great ship and quickly rising to the first bulkhead, PPT. Giant chunks of derivatives, ARMs, and Yen-Carry are breaking off and causing further damage. The watchful individuals whose concern was raised by the speed of the ship were already on deck and saw the 'berg from afar. The party-goers did not heed the warning of those on deck and will soon find the ship without enough golden lifeboats to go around. There is still time though to find a golden boat and get to safety before the giant debterg reveals its true size and flips over to crush the mighty ship.


Placer Gold (3/6/07; 15:05:51MT - usagold.com msg#: 153141)
Buying One Bullion Coin at a Time

Not everyone on this forum will ever become a big player, and some who may just be venturing out into the world of physical ownership of gold and silver might want to go slow at first. The overhead when purchasing just a single gold buffalo is discouraging. I understand that a company like our host needs to make money and that selling one coin at a time requires them to charge a premium. Here is a suggestion. Continue to charge the necessary premium but for each small transaction allow the buyer to accumulate a "contingency credit" which will kick in on say the 10th coin purchased so that the buyer gets all or some of his single coin premium back. This will encourage a customer both to remain loyal and to want to accumulate more gold especially as he nears the point where the credit kicks in. It seems like a sound business practice to me.

PlacerGold

Silver Fox (3/6/07; 14:04:10MT - usagold.com msg#: 153140)
Up, up and away, oops, smack time...
With both the POG and POS on the rebound, I am think'en that POG will go through $700 this time and the POS will go through $15. 'Bout' the time it does, Paulson & Bernanke will have to go back to work smacking them down again, with some more of the "high quality" paper...

SF

mikal (3/6/07; 13:40:38MT - usagold.com msg#: 153139)
Typo
"the maestro" NOT the maestro. Glory be, that was a close one. ;)

mikal (3/6/07; 13:36:34MT - usagold.com msg#: 153138)
Odds and ends
http://www.usatoday.com/money/economy/2007-03-06-greenspan_N.htm
Greenspan sees 33% chance of recession
USATODAY - Bloomberg News - March 6, 2007 - Excerpt:
"Former Federal Reserve Chairman Alan Greenspan told Bloomberg News that there's a "one-third probability" of a U.S. recession this year and that the current expansion won't have the staying power of its decade-long predecessor.
"We are in the sixth year of a recovery; imbalances can emerge as a result," Greenspan, 81, said in an interview with Bloomberg News.
"Ten-year recoveries have been part of a much broader global phenomenon. The historically normal business cycle is much shorter" and is likely to be this time, he added."
-- Bernanke and the maestro, all in one neat package. But like a jack-in-the-box at the end of the song, these jacks of all trades lose some entertainment value as we mature.

mikal (3/6/07; 13:09:11MT - usagold.com msg#: 153137)
@Goldilox
http://www.marketwatch.com/news/story/gold-ends-7-gain-broad/story.aspx?guid=%7B634118C6%2D72C2%2D40DB%2D8B9B%2DF8DA83717AE4%7D
I concur 100%. And so does gold, if you read this (and read between the lines), you're left asking what's up:

Gold breaks losing streak on Asia, Europe rebound
Myra P. Saefong & Polya Lesova, MarketWatch
Last Update: 2:02 PM ET Mar 6, 2007 -- Excerpts:
SAN FRANCISCO (MarketWatch) -- Gold futures closed higher Tuesday to register their first gain in six sessions as a rebound in Asian and European stocks as well as gains on Wall Street helped boost demand for the precious metal.
Gold "is looking at forming a base around the $640 level," Emanuel Balarie, senior market strategist at Wisdom Financial, said in e-mailed comments.
"The recent decline from the highs has put gold in an oversold position, and I would expect any type of stability in the global marketplace to spur an onslaught of fresh buying, especially out of Asia," he said.
Gold for April delivery closed up $7 at $646.20 an ounce on the New York Mercantile Exchange. The contract had declined 7.3% from the closing level on Feb. 26.
Some analysts believe that prices will return to their levels from two weeks ago.
"Investors that blink might be surprised to see the price of gold back at last month's highs within a relatively short period of time," said Balarie. "In light of continued inflationary pressures, a weak U.S. dollar, and geopolitical tensions, the decline of gold was fundamentally unwarranted."
'Investors that blink might be surprised to see the price of gold back at last month's highs within a relatively short period of time.'
— Emanuel Balarie, Wisdom Financial
In a note to clients, Neal Ryan, director of economic research at Blanchard said the "return of money to the precious metals' sector this week should be fast and furious, pushing prices back up to levels seen two weeks ago ($660-$680)."
"Volatility from the last week is settling out and money is being redeployed into markets," the European Central Bank will announce a decision on interest rates Thursday and U.S. employment data and international trade deficit figures will come out Friday, he said.
In the meantime, data on fourth-quarter productivity, housing sales and factory sales were released Tuesday, and "the numbers are weaker across the board than was expected," he said.
"All of the above should combine to push precious metals' prices back up in short order," he said.
Looking further ahead, Peter Spina, chief investment strategist at GoldSeek.com said he sees two scenarios for this month.
Gold could rebound strongly from these levels and consolidate around the mid-$600s, or it can reverse and power ahead -- ending the month "approaching or exceeding the $700 mark." But he said it seemed unlikely the retreat "will last very long."
Hesitation
Still, "questions and valid doubts remain about the near-term and intermediate time horizon prospects of the precious metal in the wake of recent events," said Jon Nadler, an analyst at Kitco Bullion Dealers, in emailed comments.
"A true resumption of the bullish march may have been set back by weeks, if not months," Nadler said. "Volatility will remain a defining feature for the time being, as investors are keeping a nervous grip on various triggers."
James Moore, analyst at TheBullionDesk.com, wrote in a note to clients: "Physical players and bargain hunters will be keen to take advantage of sub-$650 gold, but I think the yellow metal may have to weather a little more weakness before short-term sentiment improves."
"The long-term outlook remains strong though, with the current dip likely to be viewed favorably by investors seeking to enter the market," Moore said...

"Crazy as it might seem after watching a week in which prices were down $40 per ounce, last week's activity and subsequent flight to cash across the board will help to strengthen investor interest in the future for precious metals," said Ryan.
"Fundamentally, the supply/demand aspect of the precious metals markets couldn't look more bullish and investors have been presented with yet another nice dip in which to enter the market," Ryan said."

Goldilox (3/6/07; 12:56:49MT - usagold.com msg#: 153136)
Ides of March
@ Mikal,

"Stephen King, chief economist for HSBC, said it would take two or three weeks to gauge the severity of this shake-out. "The world economy is fundamentally strong, but this reversal of one-way bets built up over years creates great uncertainty. The key worry is that this could reveal a weakness in the architecture of financial markets. We just don't know who is trying to liquidate."

-Goldilox

Looks like someone besides the web bots is targeting the "Ides" and succeeding weeks.

The caca is hitting the revolving air circulation system, indeed.

Don't expect the real news to tell us who is getting hammered. It will take a lot of rumor investigation to actually figure it out.

mikal (3/6/07; 12:27:46MT - usagold.com msg#: 153135)
The flowers are blooming, what a fine day
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/03/06/cngold06.xml
Goldman Sachs warns of 'dead bodies' after market turmoil
By Ambrose Evans-Pritchard, International Business Editor
Last Updated: 2:19am GMT 06/03/2007
Excerpts:
"The global currency storm of the past week is starting to infect the corporate bond markets and may prove harder to contain than last year's May sell-off, Goldman Sachs has warned.
Jim O'Neill, the bank's chief global economist, said investment firms playing the "carry trade" had been caught on the wrong side of huge leveraged bets against the Japanese yen."
Mikal-- Just the first in a series of opinions I am sampling from this article. Great simplification occurs
with regularity in the media and these comments reflect this. For example, no mention of leveraged derivatives, the gold carry, the swiss franc carry, and a great deal more risks or more accurately, time bombs.
And the article hasn't been updated to reflect the recent "stabilization" in the yen and global equities, though it does warn that it will take time to assess the damage.

""There has been an amazing amount of leverage on currency markets that has nothing to do with real economic activity. I think there are going to be dead bodies around when this is over," he said. "The yen carry trade has reached 5pc of Japan's GDP. This is enormous and highly risky, as we are now seeing.""

"Mr O'Neill said the danger was contagion to low-tier bonds, driving up the cost of borrowing for business.
"Our concern is that the repricing of risk we are seeing could spread to the credit markets. This is potentially more difficult to deal with, and needs watching," he said.
The Itraxx Crossover index used to take the pulse of corporate bonds shows that spreads have widened 43 basis points in a week."

"Stephen King, chief economist for HSBC, said it would take two or three weeks to gauge the severity of this shake-out. "The world economy is fundamentally strong, but this reversal of one-way bets built up over years creates great uncertainty. The key worry is that this could reveal a weakness in the architecture of financial markets. We just don't know who is trying to liquidate positions," he said."

Mikal-- Sublime understatement:
"Steve Pearson, currency strategist at HBOS, said global markets were waking up to the reality that perma-growth with low inflation was not on the cards. "We're seeing a creeping reassessment of the trade-off between growth and inflation. This is going to weigh on asset prices and threaten risky assets all through the first half of this year."

osa104c (3/6/07; 11:55:42MT - usagold.com msg#: 153134)
White Wash.......
Has anyone else noticed the skepticism displayed by the talking heads? Reminds me of the line in BLAZZING SADDLES when Mel Brooks character stated "We must do something to save our phony-baloney jobs."

Any bets on the equities tanking during/after Bernanke speaks…….?…HM?….AMF


Cometose (3/6/07; 09:47:33MT - usagold.com msg#: 153133)
treasury secretary commentary
He's in the fareast;

What is he supposed to say ......

He has to market ....

(that's advertise) with a further view toward SELLING ..

Guys that far up the ladder aren't supposed to have to sell

continued buying(bonds and securities) will continue to act as a cushion and a support ..

The Constitution has proven to be for sale ; Perhaps Paulson is trading something else to get continued support for our bond market........

As a dealmaker ; he's showing them the deal , they must be getting something else....

1st option on DEISTRESSED PROPERTY , when the hammer falls.

THERE is going to be ANOTHER (savings and loan ype) debacle
imo.

Maybe last weeks fall in the equity markets was part or the deal to show the Chineze how GOLDMAN managet markets. It's unlike the big boys to let the markets fall like they did last week ...

Where did they put all those bundles of SECURITIZED mortgages (trillions worth) .....Securities , hence they went into MUTUAL FUNDS,,,,,and other (poop shoots) of the stock market........and as ocllateral backs to BONB ISSUES
bon bon BOND BOMB ISSUES.......

If the Chinese would just keep kindly buying these issues , we promise to continues to help maintain an orderly market in these worthless peices of paper.....

BETTER for the U S to hold these peices of CACA over the heads of the CHINEZE than for the CHinese to hold them over the HEADs of the WASHINGTON WHORE BANKING ESTABLISHEMENT......

Who's going to eat the cheese banana...carrot....

who's leading who...?

WHo's sold what ?

THE MAKING OF A WORLD GOVERNTMENT

I PRAY THE CHINESe aren't buying the BAD BS from PAULSON.

WE caused the currency crises of the last decade to try to stop them

Since then we have threatened them with the rumor of GERM WARFARE....

and now we are trying to sell them something to help prop of the consumer side of their economic equation .....

GAY

IF i was in a the last round of a poker tournament and I was holding two aces in Texas Holdem and there was an Ace and two kings on the flop and my opponent came offering me a deal

I'd probably do what the Chinese are doing .....

GRIN inside and keep playing .....

I heard that they like our beautiful country and that they haven't enough land or clean water......


Picture Paulson in a MAID UNIFORM waiting on CHinese dignitaries with a silver tray ....covered with WHORES D'OEVRES

TownCrier (3/6/07; 09:30:33MT - usagold.com msg#: 153132)
OvS "What about Mr. Strauss..."
Me? Able to rally the Knights???

First-hand experience answers that matter with a decisive "No!"

In fact, it reverberates among these walls so definitively that I'm nearly convinced that neither could I successfully lead a 3-year-old to the sandbox.

:-(

R.

OvS (3/6/07; 09:07:15MT - usagold.com msg#: 153131)
Derivatize MK's Castle?
Risks? You bet.
Nicholas Deak comes to
mind. A big man one
year finito the next.
I actually sold them
a goldcoin ages ago.
They attached it to
a string, pinched it with
a fingernail and could
tell by the sound of it
that it was pure.
And Mr.Safra, oh boy. Gold
is a high-stakes game
and I don't know if MK
has a little 007 in him,
or, better, Mr.Goldfinger
in his gut. But, who knows,
what about Mr. Straus, and
I'm not talking about the
Waltz-Master; could he rally
the Knights?
OvS

OvS (3/6/07; 08:35:44MT - usagold.com msg#: 153130)
Goldilox & David Slingshot
You got your points. Though,
how about joining of forces
with Sinclair? His seasoning
would complement MK's and his
playmoney could provide the
initial funds... Hey, I'm
dreaming of course, but its
minus 13 outside and with the
windchillfactor minus 35. My
1982 Volvo with 246,000 miles
has a slight problem (probably
the fuelpump relay has to be
replaced) so I can't even get
to the nearest liquor store to
get a refill of brandy. Just
proves one can't plan enough
ahead, and not everyone is
like our BB. But, I'm learning,
slingshot, yes sir. OvS

slingshot (3/6/07; 07:59:08MT - usagold.com msg#: 153129)
Sir OvS
USAGOLD is a business and with any investment you must do your research. Is there any other site that offers gold for your thoughts? Have you benefited from the information on this board. If the Newbies want to get into gold let them call and talk and after decide if it is a good deal.
Yes your question is one to think about but you came up short somewhere.

Just answering your question.
Slingshot--------<>

contrarian (3/6/07; 07:57:24MT - usagold.com msg#: 153128)
I'll Believe That One When Pigs Fly
http://www.bloomberg.com/apps/news?pid=20601103&sid=a0j4oiYE3Bfw&refer=us
Re "Housing slide won't hurt financial sector". Yeah right! Amazing nowadays how everything is spin and nothing about the truth. The subprime real estate collapse is the final nail in the coffin of the American economy and will propagate through the system over the next two years if not sooner.

"The last duty of a central banker is to tell the public the truth." - Alan Blinder, Vice Chairman of the Federal Reserve, on the PBS Nightly Business Report, 1994

Goldman, Merrill Almost `Junk,' Their Own Traders Say (Update2)

By Shannon D. Harrington

March 2 (Bloomberg) -- Goldman Sachs Group Inc., Merrill Lynch & Co. and Morgan Stanley, which earned a record $24.5 billion in 2006, suddenly have become so speculative that their own traders are valuing the three biggest securities firms as barely more creditworthy than junk bonds.

Prices for credit-default swaps linked to the bonds of the New York investment banks this week traded at levels that equate to debt ratings of Baa2, according to Moody's Investors Service. For Goldman, Morgan Stanley and Merrill that's five levels below the actual Aa3 rating on their senior unsecured notes and two steps above non-investment grade, or junk...

Goldilox (3/6/07; 07:53:15MT - usagold.com msg#: 153127)
Equity?
Wow,

OvS is ready to "derivatize" MK's castle.

Having been through one successful IPO, I can tell you that it instantly requires a doubling of staff, just to handle the IR and IPO support capacity.

Then MK would have to get his wardrobe ready for that famous Wall St "tour".

Rook (3/6/07; 07:50:18MT - usagold.com msg#: 153126)
.,.
sorry about multiple postings, final one.
IF that is the case, then indeed the NWO guys really dont have an achilles heel do they?


Rook (3/6/07; 07:43:46MT - usagold.com msg#: 153125)
.,.
Is/was it a false flag. When the iraq "threat" to swith to the euro was ongoing, was it part of a ruse by big boys, that saddam did not understand, that by making it seem like they were really a threat to the us dollar by swithing to the euro, it would telegraph to other nations, iran for one, the idea that the euro really was a threat to the us, however, if push ever comes, the reality would be revealed, that the two, euro and dollar, are controlled by the same guys, and so opposition to the us, as the nwo unfolds, will rally around the euro, and howling european govt leaders, but it will all be a ruse.
just guessing.
These guys have been playing chess for a long time.


OvS (3/6/07; 07:40:08MT - usagold.com msg#: 153124)
General Thoughts.
I see that my good friend
CB2 is still alive and
kicking which, somehow,
makes my trigger-finger
itch. But, easy, OvS, he
sometimes is alright, really.

One thing has troubled me
since I'm part of the USAGold
forum.In order to be a sustain-
able business it has to practice
"feast and famine" marketing. I
mean, it HAS to do that in order
to just generate enough income
to be able to support this forum.
Meaning: Get the members buying
while the excitement is high, though
we "old, wise" fellows know that
it be three-steps-forward-and-two
steps-back-kind-of-a-struggle to
get the gold-price where it belongs.
Rather than step on the bandwagon
when the sap runs strong or is about
to, and rather then offer a beautiful
gold coin for dumb luck guessing, be-
cause that's what it is, rather, offer
a price as in good times past, for the
most effective essay to stimulate our
membership (especially the new ones)
to just keep investing steadfastly one
coin at a time, perhaps, but, stead-
fastly, and never look back, and never
count the worth of it, but just like
taking a breath, and then another one,
on and on, accumulate, no matter what
the price of paper gold is doing. This
not only will give each member a lasting
worth, but will build up a national
treasure that in time will be the back-
bone of America when the chips REALLY are
down.
Every organic entity has various centers
for various functions and the US of A
definitely is the center of finance. On
a global scale, and that is the game now,
if we like it or not, it has earned that
distinction and I must agree, no other
place would have the drive or knowhow, yes,
and singleminded one-upsmanship-kind of
mind to challenge it for the forseeable
future. So be it.USAGold should feel that
it has a holy mission to fulfill. And for
that I'd recommend that it starts branching
out in a network, all over America. I'd bet,
that most members would be interested in an
equity position in a branch near them, if
USAGold would become a true dealer-ship kind
of organization, buying and selling, instead
of being a broker.
Sorry knights, I just wanted to make a small
point and here I'm rattling off. Restrain
yourself, OvS. Instead of loading up when
you get excited, give it to them, little by
little, steadfastly. OK?

slingshot (3/6/07; 07:37:47MT - usagold.com msg#: 153123)
Lackluster
Good informative video.
Slingshot----------<>

USAGOLD / Centennial Precious Metals, Inc. (3/6/07; 07:35:18MT - usagold.com msg#: 153122)
Soundbites & Solutions


Rook (3/6/07; 07:32:18MT - usagold.com msg#: 153120)
.,.
Is the flaw with the plans of the iran bourse/euro dreamers, is the flaw the reality(?) that the euro has, as one of its functions, the function of a release valve for those that oppose the us, but in reality, the euro top guys are on the same team as the us elites, and will not upend the dollar riegn as perhaps china/russia, and some middle eastern nations would like. Opponents of the us run to the euro, which in reality is a partner of the us while posing as an opponent.
How do you upend a reserve currency anyway?
Cant the us destroy a competitor by printing dollars by the gazillions and buying, in this scenerio, euros?
The euro boys dont want to have the euro rated high anyway do they? And for what? The Iranians? What benefit is the trade off? So even if the iran oil bourse gets to start, and many nations change over to euro, wouldnt the euro boys themselves just buy dollars with all the extra euros?
Thereby keeping the game of the dollar alive?
MK said once that the euro is/will take a turn, I wonder his, or anyones thought on the structure of the currencies to be able to handle even a large switch to oil/euro trading. Before iraq, was chirac really pushing for the euro/oil behaviour of saddam, or was it actually a front because his elites are part of the us dollar elite boys.
And, either way, did the fall of saddam make it so the euro is now fully tied to the NWO and it is just appearences, for the sake of the NWO end game, that makes them appear to the iranians as a non dollar, non "empire-hedgeonomy" ally?

Clink! (3/6/07; 07:32:00MT - usagold.com msg#: 153119)
@ Chris Powell
"Housing slide won't hurt financial sector, treasury secretary says"

I got a sudden flash of the Mogambo screaming "HaHaHaHaHA!" at the top of his voice, while twin streams of tears of laughter course down his face, which is purpling in hypoxia, due to his having difficulty in pulling a breath.

C!

Clink! (3/6/07; 07:26:19MT - usagold.com msg#: 153118)
For once I disagree with Dr. Paul
http://www.house.gov/paul/tst/tst2007/tst030507.htm
Well, not entirely.

Snip:-
David Walker, Comptroller General at the Government Accountability Office, appeared on the show "60 Minutes" last evening to discuss the federal budget outlook. If you saw the show, you know that he painted a very sobering picture regarding the federal government's ability to meet its future obligations.

If you didn't see the show, Mr. Walker's theme was simple: government entitlement spending is like a runaway freight train headed straight at American taxpayers. He singled out the Medicare prescription drug bill, passed by Congress at the end of 2003, as "probably the most fiscally irresponsible piece of legislation since the 1960s."

When it comes to Social Security and Medicare, the federal government simply won't be able to keep its promises in the future. That is the reality every American should get used to, despite the grand promises of Washington reformers. Our entitlement system can't be reformed- it's too late. And the Medicare prescription drug bill is the final nail in the coffin.

End snip.

Everything he says is true, except that I think we can guarantee that the government will honor every cent of the promise. Quite what it will be worth at that point is anyone's guess, however.

But it does bring to mind (yet again) the curious fact that people in positions of power seem unable to act in the face of the blindingly obvious. One can say that an elected official is only interested in keeping the electors happy until he or she is no longer seeking office, and it can also be pointed out that government retirement and health schemes are not the same as for the masses. But don't these folk at least have brothers, sisters and children who will be royally bilked ?

Of course, the cynical (or better informed/educated) may realize that the positions of power are not where the real power lies, but you have to think that occasionally the PTB would make a few more mistakes and let a few loose canons shoot their mouths off. But the case of the admirable David Walker, who has been pretty loud and unequivocal for some time now, shows that people don't want to see the really bad news. I guess that's what's known as hysterical blindness.

C!

Advocatus (3/6/07; 07:25:32MT - usagold.com msg#: 153117)
The Bolivarian revolution proceeds
http://www.whitehouse.gov/news/releases/2007/03/20070305-6.html
"You know, not far from the White House is a statue of the great liberator, Simon Bolivar. He's often compared to George Washington -- Jorge W."

"Like Washington, he was a general who fought for the right of his people to govern themselves. Like Washington, he succeeded in defeating a much stronger colonial power, and like Washington, he belongs to all of us who love liberty."

----

Up is down. Black is white. The evil emperor is
an anti-imperialist liberator of the people.

Vive la revoluci--n! Vive Jorge!


Rook (3/6/07; 07:10:08MT - usagold.com msg#: 153116)
.,.
http://www.informationclearinghouse.info/article11613.htm
iran oil bourse threat -splained-.
Scenerio for gold to find another function, again.

flow5 (3/6/07; 06:52:05MT - usagold.com msg#: 153115)
There will be no recession to hold gold back
Our Federal debt 8.7 trill. is so high in terms of available taxable resources, disposable income of consumers, and business income, we dare not have a severe recession; nor can we stimulate the economy for fear of higher rates of inflation and interest rates. We are currently in a balancing act that we cannot long endure.

Chris Powell (3/6/07; 06:08:47MT - usagold.com msg#: 153114)
Housing slide won't hurt financial sector, treasury secretary says
http://news.yahoo.com/s/nm/20070306/bs_nm/japan_economy_paulson_housing_dc;_ylt=Anly86fIWQjI_KtJ0xJO8uy573QA
From Reuters
via Yahoo News
Tuesday, March 6, 2007

TOKYO -- U.S. Treasury Secretary Henry Paulson said on Tuesday that a weakened housing market will not have a major impact on the U.S. financial sector, which he described as quite healthy.

In a roundtable session with reporters during a visit to Tokyo, Paulson said the housing downturn had had some impact on certain types of mortgages but he did not see it as a major problem.

"Some of the credit issues are there, but they're largely contained," Paulson said.

The U.S. Treasury chief was on the first leg of a three-country trip that will also take him to South Korea and China before he returns to Washington on Thursday.

He described global economic conditions as very healthy and played down recent drops in global equity prices.

"The global economy is more than sound," Paulson said. "It's as strong in the last couple of years as I've seen in a lifetime.

"All the economies are growing, inflation is low, and liquidity is high," he said.

Global equity markets have been roiled over the past week and a half by several factors, including the Chinese stock market's sharp drop last week and a comment by former Federal Reserve Chairman Alan Greenspan that a recession was possible.

Another factor cited in recent market declines was a reversal of support from a long-running phenomenon known as the carry trade, which involves using Japanese yen to invest in global equities and other higher-yielding assets.

Asked whether an unwinding of such trades was a concern, Paulson said he had no comment on yen carry trade.

Paulson described the Japanese economy as being on "a very good trajectory" but said it was very important for Japan to continue with economic reforms.

He said Japanese financial institutions were offering a wider variety of investment options so that savers were less dependent on low-yielding bank savings, and he said that was a promising development.

Paulson was also asked whether there would soon be an unfreezing of North Korean accounts held in Banco Delta Asia, the Macau bank that the U.S. Treasury identified as a "primary money laundering concern" in 2005, calling the bank a "willing pawn" in aiding illicit North Korean activities.

"We've had a lot of bilateral sessions with the North Koreans, and I believe it'll be resolved in an appropriate way," Paulson said.

"No one who runs a respectable bank wants to be unwittingly duped into financing illegal activity. We are going to continue to be vigilant."

Lackluster (3/6/07; 05:51:17MT - usagold.com msg#: 153113)
Jones on Money
http://bullnotbull.blogspot.com/2007/03/jones-on-money-gold-and-silver.html

six minute video

ge (3/6/07; 04:58:07MT - usagold.com msg#: 153112)
Baltic Dry Index rising, Australia Coal Queue at Record High (1 March 07)
Australia Coal Queue at Record High (1 March 07)
http://seanews.ru/default.asp?l=e&a=l&v=d&g=1&i=30906&n=1

Baltic Dry Index rising
http://www.rubbernet.com.sg/baltic_indices.htm

Is this the way the world economy slows down? Strange?!

Topaz (3/6/07; 01:50:19MT - usagold.com msg#: 153111)
Oh it'll happen G'lox.
The separation that is.
As we watch, PoG is only permitted to rise "with" the mainstream markets.
When ALL market machinations are factored in, the conclusion that MUST be drawn is that, one day, PoG will be called on to "price" that which it represents ie: nothing more than a promise to deliver "something" (not necessarily Bullion) at some point in the future ...usually at the discretion of the promiser.
Naturally that "price" will be a sad reflection on Gold per-se.
Rather than poo-pooing Golds inability to provide a safe haven in shaky times, CNBC should focus on the flawed mechanism that prevents Gold ..or the pricing thereof, from functioning in it's historical capacity.

The recent downturn highlights the need for just such an Island of Tranquility in a futuristic genuine Market Maelstrom imo.




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