UPCOMING GOLD DEFAULT (by Jim Willie) -

[silverman]

Originally Posted by Selene

Well, Silverman, since you've jovially presumed:

"Now since you [Selene] have not a single physical ounce of precious metals in your pocket I bet the following with you:

1. COMEX WILL DEFAULT UNTIL 31 MARCH 2009
2. CRUDE OIL PRICE WILL TRADE ABOVE USD 100 BEFORE X-MAS 2008
3. GOLD WILL TRADE ABOVE USD 1'000 BEFORE X-MAS 2008

Each time I am wrong you get 1 silver ounce (please click on link to see the picture of the coin)...."

I must say:

a) You are incorrect about my precious metals position(s).
b) I do not - as a matter of practice - ever discuss my own position(s) nor advise others in that regard,
c) My views on Willie's blog ideas do not preclude seeing stronger or weaker metals prices over the next xx months regardless, and
d) I have not presumed any link between oil and gold futures here.

Therefore,

I must regretfully - and in good humor - decline your playful bet , and look forward to your further metals postings.

(And - with apologies - wish you all good and peaceful night. It is past my bedtime! A demain!)

Cheers,
Selene

Thanks for your reply,

ok no bet as you wish and I agree you did not talk about crude oil....

and yes I try to post as much as I can about precious metals because it is a very important topic for the near future and believe me not only for the view precious metals bugs but even more importantly for central bankers all over the world...

The first central bank that decides to gold-back its currency will have a strong and stable currency....

Gold standard comes back...I can imagine, that Switzerland is the first country to get back to this....and there is going on something right now into this direction....

If US, Canada and Mexico really come-up with the AMERO it needs to be goldbacked as well otherwise investors will have no trust into AMERO and this is probabely also the reason why United States didn't sell (at least officially) an ounce of gold the last couple of years....

Lets see what comes, but I am sure we'll have some nice surprises....

Greetings,
silverman

[TAXMASTER]

goodby dollar.....most likely there will be a new metals backed currency coming from china/russia. look for signs at next weeks g20 meeting. i am a day trader and i can spot the charts when manipulation is going on. i got caught with my shorts down recently with the drop in gold by $60 within a few minutes. the market quickly over reacts to world news in oil prices. every since oil was in the $120 range, it had no reaction to news of hurricanes, civil unrest in oil countries, or lack of inventory news. you could tell that someone in the backroom had an agenda. day traders focus so much on technical indicators and underlying reasons for moves ie overbough, oversold macd etc. lately, the movement of price has been on a mission. its all been about pumping up the dollar before the election. what a laugh...the dollar is stronger now after printing a few more trillion dollars and taking on trillions of debts. any 3rd grader can see the agenda.

Namaste'

[silverman]

Originally Posted by TAXMASTER

goodby dollar.....most likely there will be a new metals backed currency coming from china/russia. look for signs at next weeks g20 meeting. i am a day trader and i can spot the charts when manipulation is going on. i got caught with my shorts down recently with the drop in gold by $60 within a few minutes. the market quickly over reacts to world news in oil prices. every since oil was in the $120 range, it had no reaction to news of hurricanes, civil unrest in oil countries, or lack of inventory news. you could tell that someone in the backroom had an agenda. day traders focus so much on technical indicators and underlying reasons for moves ie overbough, oversold macd etc. lately, the movement of price has been on a mission. its all been about pumping up the dollar before the election. what a laugh...the dollar is stronger now after printing a few more trillion dollars and taking on trillions of debts. any 3rd grader can see the agenda.

Namaste'

Taxmaster,

I completely agree with you! There is plan a sort of a road-map. I don't know if you saw the rumour, that Bush family tried to flee to Paraguay. If this is just a little bit more than a rumour, the world will be a much much different one in the next couple of days!

The rising dollar is big time a big big joke and I am looking forward to next weeks market moves.

What they achieved with all those market manipulations is just nothing...ok they killed some hedgefunds.....thats it..

Let them play around a little bit....they are criminals and they know. They know that more and more people think that way and it is getting hot for them....

greetings, silverman