Kind Regards

Armgold

I am a chart freakusaurus. Can't get enough of 'em. BRING IT ON! ( grin ) .

thanks again.

away.....to the charts

Éß

He brags that his fund BEARx only lost 2 pennies last week. Well as la te ( fricking ) da. He loses money in up markets . He loses money in down markets. He loses money in sideways markets.

Oh well, that is why I pay him his 3% MANAGEMENT fee. Until monday that is.

--

Two people yesterday asked me about y2k. Is it going to be as bad as I've read ? one of them asked. The other asked by email, are these things on the net for real ? All I could really say was that it could be a bad day for playing trivial pursuit on-line, or it could end civilization as we knew it, but that I thought it would be somewhere in between. I like a good train wreck as much as the next guy, but I thought about that today as I tried to cook this turkey and hoped that I wasn't going to give myself food poisoning. If y2k were bad and we had to eat whatever we can find out in the woods, I'm sure to be one of the first to die.

to que up & see their national treasures.The Brits have their crown jewels ..I find it totally out of character with the american 'got to be a buck in it' mentality, that the gov hasn't set up a pay-to-view-our national-wealth tourist spot at Fort Knox...maybe theres no gold to view

I also placed a zoom-in for last couple of days in right top part of the image. I think, that last Thursday signal is clear visible there. Minimum distance between bands was in Thursday. Circles and arrows for previous signals on chart I draw manually, so they may look a bit different.

away......to kick those yankee golfers in the collective tails............ ( damn ) ............... ( pout ) ............. ( sniffle ) ..................... ( somnagun ) ........................... ( ohwell ) ...........

Éßhangingonathread

I think we should not necessarily blame anyone for triggering the big deflationary event we are seeing, because our irrational wordwide emphasis on fiat currency and debt would lead to a financial collapse eventually anyway. And -- I haven't even mentioned the mess with derivatives.

I think the recent events just show how fragile our worldwide economic system really is. Just a little breath of air is needed to bring down a house of cards. And -- they are still falling -- in slow motion.

I was impressed by Aurator's comments about New Zealand being in a depression in 1925, years before the US debacle. Did Europe fall after SEAsia then too? Europe certainly did fall before the US.

History seems to be repeating itself. Perhaps the modern US equivalent of the 'Roaring Twenties' will be followed by the US equivalent of the 'Depressing 30's'. The US collapse could still happen in the next 12 months, or years from now. Regardless it is nearly certain to be happen before 2010-2015.

Any of you Americans figure how who much cash you will need to retire if your employer does not cover medical care when you leave your job? It is a sobering discovery.

If there was no gold at Fort Knox, both Democratic and Republican leaders would want to keep this secret. Perhaps even they don't know.

I still suspect that there is another gold-backed currency in the wings.

I'm being a little cynical this AM -- but I would guess that the EURO backup currency will only surface after big time losses are evident. I wonder how the Rothschilds would do it. The group that is working on the 'backup' to the EURO could argue that they were being ignored anyway, so they were justified in waiting until the politicians behind the EURO realize the EURO is a failure.

The first attempt at a single European currency was nearly 500 years ago -- and it was a complete failure. As I recall, there was a second attempt ( failed ) , and then this one. So -- there must be a backup in the wings.

I think the sudden surge in the Swiss Franc is due in part to WJC's problems, but also due to the anxiety of the Germans who are afraid that their currency will be weakened by the weaker EURO members.

I find it had to believe that the EURO is any stronger than the US dollar. I think a more likely scenario is that the BIS is working behind the scenes with a second european gold-based currency -- a backup of some kind to the EURO -- to be unveiled if the 'official' EURO falters. I strongly suspect that the Bank of England is involved in this 'backup' currency, although the recessionary problems in England may throw a big wrench in this.

Interesting times -- puzzles within puzzles.

Comments?

Here's a link to a reprint of the Broken Window chapter from Laissez Faire books

http://www.lfb.org/hh7135c2.html

The whole book is WELL worth reading.