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March 7, 2006
Tango and Cash, Tues., Mar. 7, 2006, 9:26 AM
Last night is a little fuzzy. It seems like Bill and his wife Pat went to the movies to see Tango and Cash. But it wasn't a story of two L.A. cops played by Sylvester Stallone and Kurt Russell, it was just; you know; tango and cash.
As I remember it, Bill ended up with the tango and Pat got the cash.
Really. Somebody even took the photos.
We were invited to "Mining Exploration in Argentina 2006 and Tango Night" by my new friends, two Abogados, Ignacio Randle and Alejandro Massot, of the law firm Caparros & Randle.
If you are going to do business in Argentina, apparently Ignacio is the big man. I had no clue of course but when I googled him this morning, I see he is Chairman of the International Bar Association Committee on Environment, Health and Safety Law.
A more charming and friendly person you could not meet.
So I told you I ended up with Tango. And here's the evidence. The lady in this photo is a professional dancer, and not my wife.
Note the happiness!

And then the Argentinean hosts held a draw for a pure silver bar.
My wife asked me for a business card to put into the bowl because she had not brought her cards, and surprise, surprise, out of over 200, they picked mine.
And so I ended up with Tango and she gets the Cash. Note the change in Bill's happiness, and the glittering bar of silver being held by Pat.
Definitely a day to remember.

By the way, I told you yesterday that I took a photo of Rob McEwen at his presentation, and here it is. Rob knew that gold was crashing as he spoke, but he couldn't withhold his glee over the announcement he was making that he was about to buy four more gold prospector companies to consolidate into U.S. Gold (OTC BB: USGL).
USGL will be the big story of the juniors this year, and next. Buy it on weakness, even if the risks are very high.

And here is Cheryl of Goldfields (NYSE: GFI) trying to smile after I gave her the bad news yesterday at about ten to one. Can you imagine, instead of saying "cheese" it was "Your stock just dropped six percent in the past hour; smile!"
That drop was no smiling matter; it amounted to $600 million. And the beat goes on.

Something big is happening here in the world of Oz in the country of Gillikins. Young Tip (Bush) and old Mombi (Cheney) have given us Jack Pumpkinhead (Bernanke), but Pumpkinhead has had to call in the "Snow"man.
I said it before, and I'll say it again: the U.S. Administration and Central Bank is in difficulty. Foreigners stopped buying the bonds, and the locals are too loaded in debt to take on any more. So the printing presses have to crank into over-drive.
Ergo, stop publishing M3 (the money supply), which tries to cover the truth. Then, sell some of the gold from Ft. Knox.
But, now the money managers of the world are watching like hawks because the money of Gillikins (USD) has never before been under such stress.
You know, several years ago George Soros beat the Bank of England for $10 billion when he shorted the GB Pound. Unfortunately for Bernanke, the Fed is not bigger than the global total of would-be Soros traders.
Soon, I think, there is going to be a run on his bank.
Imagine that! The Little People actually have more power than the Federal Reserve Bank.
And so Bernanke has called in the "Snow"man to help him out. While that won't give Tip a happy ending, it will give the world what it wants to see in the price of gold.
The equity market today in Gillikins will have a lot of trouble. That much I know.
But you'll have to tell me whether I was right to find more happiness in getting Tango than Cash. My head is too fuzzy to even think about it.
Posted by Posted by Bill Cara on March 7, 2006 09:27:30 AM | Category: Cara Today in the Market
