Wow gold broke USD 900 and is now trading at 906. Your mining share will do very well when New York opens thank you very much, well done everyone.
Hold on to your mining shares, next target for gold is USD 1000 and this can go very very fast as everyone now sees the inevitable.
Owning gold and those mining shares is great, it keeps you calm through the madness.
The sane thing to do now is to just hold on to gold.

We now recommend selling your shorting positions on a downturn.
Either today or this week on a bearish day.
Take the profits.
Then sit in cash.
This strategy has been extremely good to us, it can be done again.
There are still optimists in the market.

Here is how:

Reenter into new short position shorting the OMX30 THE DAY AFTER THE FED CUTS RATES.
The FED will lower rates on the meeting January 30/31.
But they might also cut them before that. That will be a bull day, and the next day will be a bull day.
You do not want to be in short positions the day the FED cuts rates, and they will.
Buy new put index options the day after the FED cut.
Buy them for April 2008 put or January 2009 put.
For peace of mind buy January 2009.

Then hold on to them to maturity. This year will be very bad.

Folk vil ikke høre etter, de vil ikke tro at markedet kan eller skal ned.
De smiler litt når vi i Farmann igjen og igjen insisterer på at markedet skal ned med så mye som 20-50%.
De har ikke vært med på en nedgang så de tror ikke det kan skje.
Journalister i tyveårene dekker saken for Reuters og Bloomberg, skriver hurrameldinger.
De tror ikke det er mulig.
De vil få seg en blåmandag av dimensjoner.
Disse menneskene vil blø, se sine finanser forsvinne som dugg for solen.
Smellen kommer, de kloke forbereder seg for det.

Prisen i NOK for 1 ounze gull er:
Gullpris: USD 862
Kurs: USD:NOK: 5,35

Pris: NOK 4611.
Regn med å måtte betale 2-5-10% ekstra for mynten.
Totalpris ca fem tusen, (ikke seks tusen), (NOK: 5072).

Yet, our recommendation was and is to sell at SEK 81.

That is 400% back, a solid 300% profit to all the people who have followed our advice.
We must congratulate you.

It is still not to late.
There will be some reaction upwards again, and greed will come back, it is not gone for good.
Wait with buying new put possitions until greed hits the market.
Today fear is on the street.

Again, let us congratulate ourselves with 400% back, four times our money, since December 12.

The Option we explicitly recommended on December 12. The OMX 1060 put for January 25, 2008 we had at SEK 20,25 on December 12. It is now trading today at SEK 59. A 200% gain in three weeks. We are to say the least very happy with that contract.

We are however confident that the market will fall more. This is just the beginning.

The carefull investor will now start to take som profits on these contracts and prepare to buy longer put contracts on a bullish day on two or three, the more bullish days in a row the better the entry - you decide how long you want to sit. Buy puts when the greed is back on the street, you'll know by the sentiment. If the FED lowers interest rates, that will be a bull day and a good day to buy some January 2009 put contracts.

We will recommend getting all out of this contract soon, most likely within the next 10 days. At SEK 81 we will sell all regardless. That will be 4 times our money.
The short term movements in the market are allways very hard to predict so we will not want to sit on the contract to maturity on January 25, we will sell either way at least a week before.

So we repeat that we wish everyone shorting the market a very bad new year.

For the sake of order:
For your personal lives, your families, the world at large and world peace we wish you a great 2008.
May luck come your way.
But for the markets, they are way to high and will come down.

Farmann wishes all its readers a very Merry Christmas.

It's not to late today, but you want to hurry.
This market is heading south big time.

I have been surprised by the strength of the bullrun leading up to December 11.
The FED did lower the interest rate by 0.25% as predicted.
However, I have been surprised by the markets rally up towards that.
I have also been surprised by the FEDs coordinated efforts with European central banks on December 12.

Anyway,
The put option I have reccomended could be had at SEK 20.50. I think that was a good price. If the market drops 3-4% in the next 44 days you are in the money, it will.
I like the April contract even better at SEK 56.
For safety you would buy the January 09 contract at 92.25.

Now we will see how the market goes.

There is really only one way from here, and that is down.
The question is how fast.

The collapse started today December 13.

You read it here first.

http://www.cepr.net/documents/publications/meltdown_2007_08.pdf

Yet the market only dips a little, and then it seems to pick up again.
So someone is there to pick up these shares from the sellers.
In huge quantities.

Who are they? Who is buying now?
Who is leveraging long now? How do they think?

Is it institutions that have to buy?
Is it sovreign funds abroad?
Is it pure speculative greed from investment banks and hedge funds?
It is living dead investment banks (they already see the game is over for them) that place extreme bets in the hope they can recover?
Is it insiders in the companies?
Is it the last idiots on the street extending their still valid credit limits with their brokers?

Naturally it is not just one single thing.
But what is it?
Who is buying?

http://www.farmann.no/forum/forumdisplay.php?f=2

Below is the full text of the Federal Open Market Committee's statement from its meeting December 11, 2007.

The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 4-1/4%.

Incoming information suggests that economic growth is slowing, reflecting the intensification of the housing correction and some softening in business and consumer spending. Moreover, strains in financial markets have increased in recent weeks. Today's action, combined with the policy actions taken earlier, should help promote moderate growth over time.

Readings on core inflation have improved modestly this year, but elevated energy and commodity prices, among other factors, may put upward pressure on inflation. In this context, the Committee judges that some inflation risks remain, and it will continue to monitor inflation developments carefully.

Recent developments, including the deterioration in financial market conditions, have increased the uncertainty surrounding the outlook for economic growth and inflation. The Committee will continue to assess the effects of financial and other developments on economic prospects and will act as needed to foster price stability and sustainable economic growth.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Charles L. Evans; Thomas M. Hoenig; Donald L. Kohn; Randall S. Kroszner; Frederic S. Mishkin; William Poole; and Kevin M. Warsh. Voting against was Eric S. Rosengren, who preferred to lower the target for the federal funds rate by 50 basis points at this meeting.

In a related action, the Board of Governors unanimously approved a 25-basis-point decrease in the discount rate to 4-3/4%. In taking this action, the Board approved the requests submitted by the Boards of Directors of the Federal Reserve Banks of New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, and St. Louis.

Want to know a secret? There were two moments I especially enjoyed at
the CNN/YouTube debate -- despite my frustration at some of the
questions, and the maldistribution of time.

First, I was pleased at John McCain's attack, which he clearly had
planned. Not because that sort of stream-of-consciousness nonsense about
Hitler and WWII -- when the neocons openly want what they call WW IV! Are
we to forget that the first war crime charged at Nuremberg was waging
aggressive war?

I mean this: mainstream politicians NEVER attack an opponent they think
is far behind. The McCain campaign, we've heard, is worried sick about
New Hampshire, and they thought a slam at me would help. Ha! Of
course,
it only strengthened our forces.

Then, after the debate, Rudy Giuliani walked up to me and said, "Oooh,
you sure have a LOT of supporters." It's only the beginning, I told
him.

Indeed, he could have told that by the crowd outside after the debate.
Mitt Romney had a few people, but no one else did. We, on the other
hand, had about 500 enthusiastic revolutionaries, plus a boat, a trolley,
and two planes towing lighted signs. As I looked out at the crowd, I
thought: the establishment has no idea of what they are facing. We have
an army of freedom, prosperity, and peace. As the LA Times political
blog noted the other day, the
British also thought they had no problem with the Americans--until
Yorktown.

But we have an astoundingly short time before the first contests. The
Iowa caucuses are on January 3, the New Hampshire primary is on January
8, and Nevada and South Carolina are both on January 19. We have only
30 days to stake our claim to the nomination, and to the new America
that restores the ideals of the founders, and leads the world through
free enterprise, a sound dollar, the rule of law, and peaceful example.
Not through
inflation and bombs.

Help me surprise the neocons and all the establishment with our
success. Help me build the foundation for the America we all want. Send your
most generous contribution:� https://www.ronpaul2008.com/donate.� The
military-industrial complex, the biased media, the big banks, the Fed,
the waterboarders, and the IRS don't like what we're doing. But every
good American is applauding us, and daring to hope for a better future.

Please, help me give it to them, to us, to all Americans to come. Keep
this revolution growing and winning:�
https://www.ronpaul2008.com/donate.

Sincerely,

Ron

Professor emeritus Finn-Erik Vinje beskriver i en artikkel i Aftenposten 12 . ds. de tilløp som nå – i kjølvannet av rettskrivningsreformen av 2005 – skjer i retning av en fastere språknormering. Symptomatisk for dagens utvikling er således at det hittil i år er kommet i handelen tre ordlister som alle tilbyr en trangere språknorm enn den vidtgående valgfrihet som Språkrådet åpner for: Aftenpostens rettskrivningsordliste, NTB-språket og Riksmålsordlisten (7. utgave).
Med utgangspunkt i det fellesgods som disse tre ordlistene representerer, lanserer Vinje en dristig plan: Hvis betegnelsen riksmål igjen skal komme til heder og verdighet som betegnelse på landets hovedspråk, kunne man samordne de overveielser som ligger til grunn for de tre ordlistene. Og han fortsetter: ”Dermed kunne man samle seg om en norm som ville samsvare med faktisk språkbruk i landet, og vi kunne kanskje få etablert en normsituasjon noenlunde i samsvar med den vi finner i våre naboland. Og riksmålet kunne få tilbake sitt gamle navn”.
Vinjes ytringer presenteres av Aftenposten som en ”debattartikkel”. Den har imidlertid hittil ikke utløst noen nevneverdig debatt, og avisen synes heller ikke å ha vært innstilt på å åpne sine spalter for eventuelle bidrag i så måte. Det er beklagelig, for dette er en sak som kunne fortjene å belyses seriøst, grundig og med et åpent sinn, og som burde påkalle et bredt og aktivt engasjement i det offentlige rom.
Vinjes plan er et konstruktivt innspill til en norsk språkdebatt som erfaringsmessig har hatt altfor lett for å kjøre seg fast i gamle, størknede hjulspor. Og intet ville, etter undertegnedes oppfatning, være bedre enn om man kunne enes om å kalle riksmålet – ja, nettopp: Riksmål. Men hva om selve navnevalget skulle vise seg å være en avgjørende anstøtssten?
I så fall kunne man – som parallell, valgfri betegnelse – hente ordet samnorsk frem fra glemselen. Hvorfor ikke la et fordums utskjelt navn på et diskreditert språkpolitisk prosjekt bli gjenfødt og rehabilitert, men nå som sidestilt navn på vårt moderne og revitaliserte riksmål? Og samtidig få gravlagt et skrømt fra en språkstrid som nå burde være historie?
Dermed kunne vi endelig også – ikke minst – bli kvitt den selvmotsigende og usannsynlig uformuende, krøkkete og krenkende betegnelsen bokmål...
Noe å tenke på for Språkrådet?