Golden Jibber Jabber – Day 3

October 8th, 2009 by stacyherbert

Stacy Summary:  Another day?!  Gold:  1059.10

Gold: 1056.20

Tags: 44 Comments

44 responses so far ↓

  • Dedo
    Oct 8, 2009 at 12:57 am

    another dollar!

  • Max Power
    Oct 8, 2009 at 12:59 am

    Yawn.

    I don’t expect any metal price oddities until the clocks change, October is mostly a nothing month in the Northern Hemisphere.

    PS:
    The changing of the clocks [in the computer era] should be stopped as it only confuses and kills people for no good reason.

    10/24/2008 – Setting the Clock to Winter Time on October 26
    http://www.tdf.fr/562.html

    On the last weekend of October it will be that time of year again: we will have to set our clocks to winter time. Owners of radio clocks do not have to worry about the time change.

    MEDIA BROADCAST’s DCF77 time signal transmitter in Mainflingen by Frankfurt broadcasts the legal time for Germany by order of the Federal Physical and Technical Institute (Physikalisch-Technische Bundesanstalt) (PTB). The signal that repeats itself every minute will also broadcast the new time on October 26 at three o’clock at night.

    Radio clocks will be automatically set back by one hour.

    MEDIA BROADCAST broadcasts the reference time of atomic clocks of the PTB, which are located in the transmitting radio station in Mainflingen. Monitoring by PTB clocks in Braunschweig guarantees an accuracy of one second in two million years. In Mainflingen the long-wave transmitter DCF77 broadcasts the signal on the frequency 77.5 kilohertz with a range of 2,000 kilometers. The timing cycle reaches around 100 million recipients in households, in the scientific and economic communities and in daily public traffic.

  • alister
    Oct 8, 2009 at 1:04 am

    it’s going to be reALLy awkward when the dollar breaks

  • Nicholas
    Oct 8, 2009 at 1:10 am

    Dollar decline really picking up pace now.

    Glad to have a gold mine nearby to actually get some real money.

  • dan valley
    Oct 8, 2009 at 1:11 am

    Oct 26 – Nov 5 …the time of great awkwardness

  • Mark 9238
    Oct 8, 2009 at 1:18 am

    Another day … another dollar … LOL

  • ItalicBold
    Oct 8, 2009 at 1:20 am

    No doubt while gold is currently the focal point of everyone, there are some shenanigans going on elsewhere!

  • Mongo
    Oct 8, 2009 at 1:20 am

    occasionally I stop and start to think.. what amazing times we live in. The epic failure of humanity… however this plays out at least I got to be part of it!

    Now where was I .. o yes!

    SILVER!!!!!!

  • M
    Oct 8, 2009 at 1:22 am

    Today won’t be spectacular. People need some rest once in a while.

  • Mother earth
    Oct 8, 2009 at 1:23 am

    K-tjingggg!!!

    By the way, Shepard Smith is a friend : http://www.youtube.com/watch?v=SjaNYbPEydw

  • Adam Gibson
    Oct 8, 2009 at 1:25 am

    Merkins already trying to kill each other over it … you and Max predicted this one coming, too…

    http://ftalphaville.ft.com/blog/2009/10/08/76511/of-gold-coin-craziness-and-conspiracy/

  • Bill Stewart
    Oct 8, 2009 at 1:26 am

    Lehman’s: How A Busted Bank Changed The World

    http://thebox.bz/details.php?id=92859

    The BBC’s Business Editor Robert Peston examines what happened and what we’ve learned since the demise of Lehman Brothers

    Monday 7 September 2008 saw the start of a major upheaval in the global markets that lead to the greatest financial crisis for 80 years – on this day Fannie Mae and Freddie Mac had to be rescued by the US government. The next day, shares in Lehman’s dropped 45% and crisis talks started. Within 10 days, the map of Wall Street had been redrawn and the shock effect was about to be felt around the globe.

    One year on, BBC World News’ Aftershock season is examining the impact of the global recession across its news and business programmes, news reports and live coverage.

    In Lehman’s: How a Busted Bank Changed the World, the BBC’s Business Editor Robert Peston examines what happened and what we’ve learned since the day the money stopped. In this new documentary, he meets many of the people who witnessed the demise of Lehman’s, from bank bosses to Wall Street lawyers and government regulators and asks them a year on, if anything has changed.

    Sifting through the illusions and misconceptions that took the world to the brink of financial Armageddon, Robert looks at how the global economy will change and what defences we can build to ward off future financial debacles.

    ===========
    I have 9 BitTorrentinvites, try mhev at netzero dot net to ask for one…
    ===========

  • Nic Abbott
    Oct 8, 2009 at 1:34 am

    another day, another hockey stick

  • Mini US
    Oct 8, 2009 at 1:36 am

    @Mongo
    Nice silver video from Robert Kiyosaki on Silver.

    When asked if Obama was running the country as a “Rich Dad or a Poor Dad” Kiyosaki’s famous book, He laughs and says Obabma doesn’t run the country Goldman Sachs does.

    http://www.youtube.com/watch?v=gfgrAKS-sto

  • Mongo
    Oct 8, 2009 at 1:43 am

    @Mini US, thanks for the link, I don’t have the possibility to watch it now but I will later!

  • Mike2liverpool
    Oct 8, 2009 at 1:49 am

    Max/Stacy
    There was a story on Bloomberg (Now gone) that the BOE is to “Review” it bond buying policy, as in they may “require” to purchase more Bonds!

    :)
    Mike

  • Supergeek
    Oct 8, 2009 at 1:52 am

    @M
    yeah.. like some people have said… ‘time is what stops everything happening all at once’ I always thought the answer to why we need sleep was a similar type of thing… damn!!! can you imagine if you experienced life as one continual stream… without rest… it would really mess with your mental filing system in so many ways!!!… sorry about the navel gazing….also I’m reminded of that link stacy left to that new D and A barcode story… coming out on the day before the birthday of the original barcode was invented… strange!!!

  • Phil
    Oct 8, 2009 at 1:55 am

    @Mini US …” Nice silver video from Robert Kiyosaki on Silver.”

    Yes .. sensible guy !

  • Supergeek
    Oct 8, 2009 at 1:56 am

    @y’all
    re: D and A story: I did think though…we could have a new phrase… “tighter than a nano pore”

  • Bill Stewart
    Oct 8, 2009 at 2:00 am

    The CAD is itching for parity with the USD
    http://finance.yahoo.com/q/bc?s=CADUSD=X&t=2y&l=off&z=m&q=l&c=

    Same for AUD
    http://finance.yahoo.com/q/bc?s=AUDUSD=X&t=2y&l=off&z=m&q=l&c=

    This these fiat currencies will be in parity with each other, however
    http://finance.yahoo.com/q/bc?s=CADAUD=X&t=2y&l=off&z=m&q=l&c=

    Same is true across the Tazman
    http://finance.yahoo.com/q/bc?s=AUDNZD=X&t=2y&l=off&z=m&q=l&c=

    ==========
    Yahoo Finance seems not to know SDR’s as far as I can tell…
    ==========

  • Phil
    Oct 8, 2009 at 2:02 am

    PS@Mini US …” buying Silver”

    In Germany, if you buy Silver, you pay 19% VAT on top of the price. When you sell it ( as a private person ), you only get the net value , i.e. 19% loss.
    I’m not sure whether this is EU-wide , I would expect so as Silver is an industrial metal and is not counted as a “investment” metal within the EU.

    That is why – when you check Ebay for example – the “street” prices are always 20% above spot.

  • Mongo
    Oct 8, 2009 at 2:07 am

    @Phil, that goes for Sweden too.. at least on the “mortal” market. But with the currency devaluations coming silver (and gold of course) is a good investment regardless of this.

  • dan valley
    Oct 8, 2009 at 2:19 am

    golds dropping silver is holding gains

  • Mini US
    Oct 8, 2009 at 2:24 am

    @Phil
    I guess that VAT silver Tax is because silver is used in so many items and if the price goes crazy these items are going to struggle/get expensive. ie computers, mobile phones, etc.

    19% is a bitch though.
    Our $AU is keeping the gold price quite even, silver however seems to be going up alongside $US price.

    I’ve posted this before, but it gives prices in 7 currencies and many great articles.
    All positive, of course ;)

  • Mini US
    Oct 8, 2009 at 2:27 am

    Sorry forgot link.
    Maybe that happened last time I posted it too.
    D’oh!

    http://www.24hgold.com/english/gold_silver_prices_charts.aspx?money=AUSD

  • Supergeek
    Oct 8, 2009 at 2:33 am

    @max keiser
    Why not post up you and stacy on AJ???
    haven’t listened to the show yet but did he mention ‘betrothed’ again ..damn!!! but hey…anyway hope you are well you old ‘zig zag wanderer’ I saw this clip on youtube, it made me think of what you and stacy might look like…oh nevermind … I’m sure you will figure it out !!!

    http://www.youtube.com/watch?v=vFWiOEd7Vb4

  • stacyherbert
    Oct 8, 2009 at 2:37 am

    @Supergeek – link to AJ? I can never figure out how to find his stuff on youtube; too many squatters posting the same content and then it is never labeled very well . . .

  • Supergeek
    Oct 8, 2009 at 2:48 am

    @s.herbert
    yeah…I am aware you probably do the all the techie stuff.. I remember the blogtalk…mixup type thingy!!!

  • Edvard
    Oct 8, 2009 at 4:31 am

    @Phil, you can get platinum, silver and gold by the gram and change them in and out of several currencies at GoldMoney.com in Jersey. These are guaranteed to be backed by physical stock (and ring-fenced) in either London or Zurich. As long as you don’t take delivery, they are VAT free, and can be purchased at London spot prices.

    You can take delivery but only as whole bars (about $400,000 for gold). Otherwise there is a small custodial fee applied for storage.

    No I don’t work for them nor do I have any other connection.

    I hear in Germany that small bars can be purchased in vending machines.

  • Phil
    Oct 8, 2009 at 5:05 am

    @Edvard …”I hear in Germany that small bars can be purchased in vending machines.”

    Not yet installed AFAIK !

    As to Goldmoney.com, yes thanks .. I know of them.
    Of course , it is finally a “matter of trust” !
    ;-)

  • klaos
    Oct 8, 2009 at 6:05 am

    mish seems to be concerned with what he is calling ‘competitive currency debasement’:

    The reason for the strength in gold is not US inflation. As I have pointed out many times, gold fell from 850 to 250 over the course of 20 years, with inflation every step of the way. Thus, the inflation story just does not fit.

    However, it should be clear that a major financial crisis is in store following a long period of competitive currency devaluation and massive debt and derivatives expansion by nearly every major country on the planet.

    Lol. It’s not inflation, but the price of most everything (obviously not real estate, or MSM advertising) will be going up.
    LOL

  • Phil
    Oct 8, 2009 at 7:30 am

    @Stacy .. $5800 gold??

    Yes … assuming no manipulation, that is also exactly where I priced Gold versus the 70′s & 80′s !
    I also posted an inflation adjusted Gold chart yesterday FWIW.

    PS .. as the guy said, the situation is much worse this time ’round! … which is what makes me suspicious wrt “manipulation”.

    PPS .. the HR1207 Bill may get through, but who will do the audit is the question ; and how long will they take !!
    Like JFK ..we may never know .. especially if the system crashes beforehand !
    ;-)

  • Richard@lattitude30N
    Oct 8, 2009 at 7:59 am

    @Phil: come on Phil>>>”if the system crashes, in the mean time”…WTF
    But yes I believe that’s the whole point and now that the military ( I mean black ops ) budget has been ante’ed up…well who is going to get the biggest payoff to do the audit will be the $64 ?? How many accounting giants have gone under in the last 20 years..Arthur Anderson?? etc…due to malfeasance and corruption?? which one is left Deloite & Touche??? So much slush fund so few to pay off….I agree with Frank Hope that the numerous Clearinghouses globally hold all the bodies…DDTC is it on WS??that holds all the short and derivative orders??? Me thinks guys like ‘Don bag of donuts( chicken)’ was the smart one…

  • Phil
    Oct 8, 2009 at 8:17 am

    @Richard@lattitude30N .. WTF

    Well, if they blew up the WT buildings just to hide the missing Pentagon 4 Trio$ + the other secrets, what’s to stop them halting the system to hide the FED’s dirty washing !
    I wouldn’t be surprised .. and didn’t Bernie say as much himself ?
    ;-)

  • Richard@lattitude30N
    Oct 8, 2009 at 9:24 am

    @Phil: Well come to think of it…nothing….it’s like stopping breathing or the constant movement forward ( inertia )…that’s a lot of human consciousness to disturb….my take is that they allow the transition to go along as seamlessly as they can..little by little..not the abrupt ‘TOB’ that mike/liverpool craves…to me a banker’s holiday as Clif High ‘almost’ suggests and if you read halfpasthuman.com you see him hedging that it’s the Oct. 25 date “or there abouts”!!!! that’s on his radar… frankly, what did the villagers say when the boy in the story yelled out : “the emperor has no clothes”???…didn’t they just laugh?????????????? There’s is a lot of speculation in the air..please Phil I hold you to a higher standard…are you holding/buying silver/gold?????? I may become an AOCS currency officer here in FLA

  • Phil Collins
    Oct 8, 2009 at 10:02 am

    @ Max and Stacy

    AJ is an A**hole. From what I’ve heard him say on his show about Max it makes me wonder why Max would go back on his show. I can’t stand to listen to him mainly because he’s full of himself. I’m surprised his ego can even fit through the studio door.

    But no matter, most of the people who listen to his show are the same people who believe the Chinese make soup out of human fetuses. They’re also the same ones who send me incredibly lame emails about Obama, Gun Control, Environmental Issues, and the rest of the mind control key phrases.

    What are we not noticing?

  • Stew Copeland
    Oct 8, 2009 at 10:14 am

    @ Stacy

    When gold reaches $5800 USD per once a good suit will be about $5800.

    I don’t think this is inflation but rather panic buying and manipulation. The suckers that are buying gold right now are going to be in for a shock when the hysteria fades. This is the problem with the internet and group or crowd think.

    If Goldman and the rest of the gang want to blow up their money making ponzi scheme then what can I say. I just don’t know they’re going to do with all those worthless dollars do you?

    I’m dumping all but %20 of my gold when I feel its reached the to and then .diversify the dollars I get back in other currencies.

    I believe deflation will follow the hysteria.

  • ItalicBold
    Oct 8, 2009 at 11:45 am

    @stacy Interesting that it seems we have the same pattern in each yellow block but it becomes increasingly volatile. So we should be looking at 1.3/1.4 by March if this plays out the same!

  • mike davies
    Oct 10, 2009 at 8:56 am

    Good info – Kitco just launched a tracking graph that uses a basket of currencies to show that the recent sharp rise in gold is a US Dollar phenomenon. They explain it on their site.