Welcome to Madame Bertha’s House of Pain… a house dedicated to trying to take our minds off our suffering in this market.
This blog was inspired by Brian W. Pascal’s goldblogger.net, which ran for over two years. It was a pleasure to contribute to a blog with a sense of humor and a dose of wit. Its closure left a huge void in the mirthosphere as far as suffering goldbugs are concerned. Here is Brian’s parting shot (extracts from goldblogger.net are reproduced with permission):
Notice …. Goldbloggers and Readers ….
It is with much sadness that I announce the closing of the Goldblogger. Since it’s inception, the site has grown to a point where it is deeply affecting the operation of the server which the Goldblogger shares with my other business interests. On some days, we have experienced over 40,000 hits bringing my other businesses to a standstill.
I want to thank the Goldbloggers and the thousands of readers from many countries for taking the time to post and read the commentaries (mostly whining & crying) on the site over the last couple of years and for all the positive emails. I had a lot of fun.
I will leave the site up for a few days so the posters and readers can copy any items of interest to them. When I get the urge to post, I’ll probably do it on Kitco or some of the Voy forms.
Once again, thank you for visiting the site and I hope I made you smile over the years. Best of luck to all of you and may you profit from the yellah crap.
Kindest regards
Brian W. Pascal
Meanwhile, just to show that nothing much seems to change, here are a few snippets from the Kitco gold forum back in January 1998:
“The US could launch air and missile attacks on Iraq, said news reports on Monday January 26th…”
Now we are hearing rumours about Iran…
“Gold loans and deficits caused by short-sales are estimated at 8000 tonnes, according to analyst Frank Veneroso. On November 12th, 1997, he claimed that the world gold market’s gap between supply and demand was 700 tonnes larger than estimated- so that demand for gold to cover short market positions will eventually send the price of gold soaring…”
Yep, they’re still talking about the supply and demand gap and we’re still waiting for gold to go to da moon…
“Political uncertainties from the US Presidency can be cited as risk factors for the markets… in response to allegations of wrongdoing and rumours of resignations…”
Who would have thought it…
Did ya ever see that movie, Groundhog Day?
Contributors welcome. Especially from the old crowd at goldblogger.net... email me at trin@post.com to be added as a user (you'll need to create a free account at wordpress.com first)
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