Saturday, December 13, 2008

DECEMBER COMEX GOLD SQUEEZE COMING? Comex said warning brokers about December gold squeeze Submitted by cpowell on Sat, 2008-12-13 04:11. Section: Daily Dispatches From "Midas" Commentary by Bill Murphy Friday, December 12, 2008 I received a call this morning from a commodities broker who told me that the Comex is alerting various futures firms about the potential of a squeeze on the December contract and is advising the $840 December shorts to exit their positions. That is the remaining open position. There have been 12,636 notices of delivery. The shorts have until December 31 to make delivery. Normally they deliver early to take in cash and earn the interest. They must be delaying. As I understand the situation, that represents about 40 percent of the gold available at the Comex, and of course someone could enter the scene late, buy February gold, and then spread into December, which would stun the shorts. My broker friend said his back office said this sort of alert is highly unusual and that the concern is real, not only for gold, but for other commodities too, like copper and palladium, as there is a good deal of talk of taking deliveries there too. But gold is the one for which the advice to cover went out. This is an extremely productive development and could spur the price of gold up quickly as word spreads. As we all know, buying Comex gold and silver (the cheapest way to buy precious metals) makes all the sense in the world in this financial environment.

JAMES TURK: More on Gold Backwardation


Silver investigation: CFTC does U-turn


Dialectical materialism

You all need to have a grasp of this concept and the terms "thesis" "antithesis" "synthesis" and "dialectical" Excerpt from article below: "Perpetual conflict and tension ... are the necessary prerequisites for 'fruitful' manipulation of the dialectical process (Thesis, Antithesis, Synthesis), with successive dialectical cycles occurring until (in theory) such time as the pre-intended 'Synthesis' is achieved. But of course, as all this is the work of the Devil, that never actually happens: hence the use of the word 'Revolution', meaning going round and round in circles. The word 'reactionary' was developed as a label to be used against all who oppose going round and round in circles, with the completely illogical connotation that those who prefer standing still and not getting dizzy by going round in circles, are boring stick-in-the muds who can be dismissed as beyond their sell-by-date. The use of twisted semantics is an important revolutionary tool." Just read it and you will see how it relates to much of what is going on and what is said in the WORLDREPORTS.ORG article below quite a way down in the article under the heading: CRIMINAL INTELLIGENCE INCOMPATIBLE WITH GOOD GOVERNANCE where he describes the two political parties as being 'thesis' and 'antithesis' and how they are now being manipulated by the intelligence community that has been thoroughly penetrated by new nazis. (nazi means National Socialist) Go to this Wikipedia link:

"CONSPIRACY NUTS"...Not so "nuts" after all.

This is a MUST READ, article. It is a bit long and can seem to be a bit difficult to read due to the author's writing style. Just keep reading and IT WILL ALL BECOME CLEARER TO YOU! THE TRUTH OF OUR SITUATION CANNOT BE EXPLAINED IN A FEW WORDS. See 'DEFINITIONS' below: I have chosen a few vital words and phrases from the article that you might ordinarily skip over, rather than GOOGLE, to clearly understand them. DON'T EVER DO THIS AGAIN! How else are you ever going to improve your vocabulary and understanding of the World if you keep skipping over words and things you don't REALLY know the meaning of? When I first discovered this website, I thought the Website (WORLDREPORTS.ORG) might be run by a bunch of LOONIES! due to its style. But it appears that all those people who have been criticized for being "CONSPIRACY NUTS" about the 911 event, and this Financial Event of Destruction are gradually being JUSTIFIED for their skepticism about what the MASS MEDIA and Guv'mint itself tells us is "THE TRUTH" about what is, and has been, going on. You have to understand the Illuminati, Freemasons, and Mystery Babylon to understand the enormous Power Play that has been ongoing for many, many decades (or centuries) and perpetrated by the true "Elite" power crazed criminals that have ruled humanity during its evolution since man became "civilized". You will have to start studying those on your own...Just use GOOGLE and get ready to be amazed and challenged at the work you will have to do to understand what these evil people have done, and are now doing, to achieve their ONE WORLD ORDER and complete control of all World Assets and turn the world's populations into SERFS to be eliminated when they are of no further use as free labor. Here is the link to the article: BE SURE TO READ IT ALL! on HOME (at the top) and see the most current articles. *********************** DEFINITIONS: Misprision of Felony Statute (Wikipedia) "Misprision of felony" is still an offense under United States federal law after being codified in 1909 under 18 U.S.C. § 4: Whoever, having knowledge of the actual commission of a felony cognizable by a court of the United States, conceals and does not as soon as possible make known the same to some judge or other person in civil or military authority under the United States, shall be fined under this title or imprisoned not more than three years, or both. This offense, however, requires active concealment of a known felony rather than merely failing to report it.[6] Deutsche Verteidigungs Dienst (DVD), Dachau: GOOGLE the term or go to: Deutsche Verteidigungs Dienst (DVD) is an idiom that doesn't translate well. German Defense Agency is the literal translation, but those within the European Intel community know it as the Black Nazi Intel Continuum. Nazi Abwehr: Abwehr From Wikipedia, the free encyclopedia The Abwehr was a German intelligence organization from 1921 to 1944. The term Abwehr (German for defence) was used as a concession to Allied demands that Germany's post-World War I intelligence activities be for "defensive" purposes only. After 4 February 1938, its name in title was Foreign Affairs/Defence Office of the Armed Forces High Command (Amt Ausland/Abwehr im Oberkommando der Wehrmacht). Despite its name implying counterespionage, the Abwehr was an intelligence-gathering agency and dealt exclusively with human intelligence, especially raw intelligence reports from field agents and other sources. The Chief of the Abwehr reported directly to the High Command of the Armed Forces (Oberkommando der Wehrmacht, or OKW). Intelligence summaries and intelligence dissemination were the prerogative of the Operations Branch, (as distinct from the Intelligence Branch), of the OKW, and through it to the intelligence-evaluation sections of the Army (Heer), the Navy (Kriegsmarine), and the Air Force (Luftwaffe).[1] The headquarters (HQ) of the Abwehr were located at 76/78 Tirpitzufer, Berlin, adjacent to the offices of the OKW.[2] Queen Melusina: (The author uses this term to describe Hillary Clinton) Melusina is a mythological female character that is half woman and half snake. For further study of the European myth...see:

Thursday, December 11, 2008


FROM JSMINESET.COM Hourly Action In Gold From Trader Dan Posted: Dec 11 2008 By: Dan Norcini Dear CIGAs, Gold shot through another level of overhead resistance in convincingly fashion before it was capped near the $830 level. The selling at that level was quite incongruous with the massive upside move in the Euro and the nearly $6.00 move higher in crude oil. With the Dollar falling completely out of bed as wave after wave of speculative sell stops were touched off, it made the obvious defense of $830 in gold by the bullion banks all the more laughable. Gee fellas, nothing like being discrete is there? Then again, they do not even bother to trying covering their footprints any more. Anyone with a lick of chart reading knowledge can see their handiwork Seriously, no amount of paper gold market shenanigans by these people can change the fact that the market seems to be coming to grips with the near infinite amounts of dollars which the feds insist on throwing at any business entity that can afford to hire enough lobbyists to endlessly recite why it is too big to fail. The rush into Treasuries, creating one of the biggest bubbles I have seen in that market and probably will not see again, has dropped yields to zero and in some cases below zero. With that kind of backdrop, it makes perfect sense for investors looking for a safe haven to move into gold considering that dollars are going to be dropping out of the sky. It should be noted that the move higher in gold is not confined specifically to gold priced in Dollar terms alone. Gold priced in euros, or Euro-Gold as I prefer to call is, came in solidly above the 600 level today at the PM Fix with the price set at €624.011. Gold priced in pound sterling set another new all time high being fixed at 554.495. I will try to get some gold charts priced in various currencies up later today if time permits. When you have gold moving higher in terms of all the major currencies plus the mining shares moving higher, it is always a positive. Keep in mind that tomorrow is Friday and after a move of the magnitude that gold has shown us this week, it is not to be unexpected that some profit taking by short term oriented longs will occur as they see the bullion bank selling appear. Open interest saw a very good increase in yesterday’s big upmove; something which is technically friendly. We just might have finally bottomed out in the open interest after dropping from nearly 594,000 contracts to a low point of 261,000. That is one helluva market flush. We need to see a steady increase in this number to support any upside trending move. I have no doubt that a good number of those funds who had chased momentum lower and were selling into the weakness are now effectively out of the market after yesterday and today. Their buying helped propel prices higher as it was the sell stops that they had in place that were touched off. Fresh buying now must carry the load against what we all know will be the endless paper selling by the banks. Don’t forget – the best way to deal with these people is to continue taking delivery of physical gold and taking the gold OUT of the warehouses. I think it important to note that the selling of the Dollar was broad based today in a fashion that we have not seen for some time now. What I mean by this is that we have been accustomed to seeing the Dollar and the Japanese Yen basically moving in sync. They go up as risk aversion rises and they go down as the appetite for risk returns. Today, they went in totally different directions. The Yen was higher along with all the rest of the major currencies while the Dollar was beaten with the proverbial ugly stick. Whether today’s balance of trade numbers sparked the whipping that the Dollar took is unclear but it sure did not help matters any to see the deficit shoot sharply higher, much higher than just about anyone was expecting. It should not have come as a surprise however given the weakness in crude oil and the strength in the dollar. The last thing that US export related businesses want to see, especially in the ag sector, is a higher dollar. It is already seriously choking off agricultural commodity export business. Expect to see more political pressure arising from the US against China on the issue of the yuan and its valuation. Then again, how does one expect to deal with the fellow who loans you all the money with which to feed your profligate spending habits? The bonds continue in their bubble – no doubt a lot of the support in that market is guys continuing to front run expected purchases by the Fed against the longer end of the curve as they work to push down interest rates to try to jump start the real estate sector. That is why dips continue to be bought. At some point guys will realize that they are throwing their money into a rat hole but for now, the trend is their friend. The question is how long does “for now” last? The price of spot gold climbed above the price of platinum today for the first time since 1996. I will not be writing a commentary tomorrow or Monday as I have some other engagements that call me away but should be able to get some comments or charts on Tuesday of next week. If I can get anything together over the weekend I will.


Fear triggers gold shortage, drives US treasury yields below zero The investor search for a safe places to store wealth as the financial crisis shakes faith in the system has caused extraordinary moves in global markets over recent days, driving the yield on 3-month US Treasuries below zero and causing a rush for physical holdings of gold. By Ambrose Evans-Pritchard Last Updated: 9:26AM GMT 11 Dec 2008 "It is sheer unmitigated fear: even institutions are looking for mattresses to put their money until the end of the year," said Marc Ostwald, a bond expert at Insinger de Beaufort. The rush for the safety of US Treasury debt is playing havoc with America's $7 trillion "repo" market used to manage liquidity. Fund managers are hoovering up any safe asset they can find because they do not know what the world will look like in January when normal business picks up again. Three-month bills fell to minus 0.01pc on Tuesday, implying that funds are paying the US government for protection. "You know the US Treasury will give you your money back, but your bank might not be there," said Paul Ashworth, US economist for Capital Economics. The gold markets have also been in turmoil. Traders say it has become extremely hard to buy the physical metal in the form of bars or coins. The market has moved into "backwardation" for the first time, meaning that futures contracts are now priced more cheaply than actual bullion prices. It appears that hedge funds in distress are being forced to cash in profits on gold futures to cover losses elsewhere or to meet redemptions by clients. But smaller retail investors – and perhaps some big players – are buying bullion in record volumes to store in vaults. The latest data from the World Gold Council shows that demand for coins, bars, and exchange traded funds (ETFs) doubled in the third quarter to 382 tonnes compared to a year earlier. This matches the entire set of gold auctions by the Bank of England between 1999 and 2002. Peter Hambro, head Peter Hambro Gold, said the data reflects a "remarkable" shift in the structure of the market. The rush to safety reflects a mix of fears about the fragility of world finance and concerns that the move towards zero interest rates could set off an inflationary surge further down the road, and possibly call into question the worth of some paper currencies. The near paralysis in the "repo" markets may prove to be no more than pre-Christmas jitters as banks square their books. However, there are some signs that extreme monetary stimulus by the US Federal Reserve and other banks is starting to have unintended consequences. The Bank of Japan is it is reluctant to cut its rates to zero again because of the damage this causes to the money markets, which serve as a key lubricant of the credit system. The US is now starting to face the same dilemma.

Wednesday, December 10, 2008


FROM JSMINESET.COM Hourly Action In Gold From Trader Dan Posted: Dec 10 2008 By: Dan Norcini Dear CIGAs, Gold caught one heck of a tailwind this morning knifing through one resistance level after another as if they did not exist. It is evident from the ferocity of the climb that the shorts were squeezed in a big way with a plethora of buy stops being touched off in the relatively low volume trading conditions. Here is another example of that lack of liquidity I have been referring to over and over again with the declining open interest creating huge pockets of air both above and below this market. A few well placed orders, either on the buy side or the sell side, and the cascade or upside catapult ensues. One look over at the currency boards and it is easy to see why the gold shorts were in trouble this morning. The euro took off to the upside, the euro-yen cross soared, crude oil moved up and away from the $40 level and back came the “risk” trades. The “risk aversion” trades were reversed or halted as traders latched onto the auto bailout news and attempts by the Central Banks globally to inject liquidity as a signal to plow back into the commodity sector. Nearly every single commodity quote on my board was once again in blue. Even if anyone did not understand the exact nature of the computer algorithms that these black box hedgies are employing, it does not take much in the way of observation to grasp the fact that those things are geared to movement in the dollar and the equities. That is why the signals always produce the exact same effect in the markets. They are all basically using the same computers to do their thinking for them. Hedge funds are basically mindless traders and if they are all using the same signals, then the result will be that they plow into and out of markets all at the same time. Nowadays this is referred to in the investing world as “genius”; that is, until the hedge fund goes belly up and shuts its doors. Suffice it to say that today is the “reflation trade” – Nonetheless, gold has had an undeniably strong technical performance. It is trading well above its 50 day moving average and peaked today right on its 100 day moving average. That level is very close to the downsloping trendline of the recent wedge formation on the daily chart. Should gold be able to muster the strength to take out the 100 day and then horizontal resistance from late last month near $830 - $833, it has the very strong possibly of beginning a trending run. Keep in mind that levels of open interest are low and the market is relatively illiquid so we will still want to see new fresh buyers coming in and not short covering alone. Light support moves up to near the $790 level followed by stronger, more substantial support near $770. I am a bit hesitant to say with complete confidence that the mining shares as indicated by the HUI and the XAU have completed a complete separation between themselves and the broader market but they gave the first solid hint of that yesterday. Today they furthered the amicable divorce. Even as the broader market indices came off their best levels of the session, the HUI and the XAU seemed very hesitant to give up their gains. Yesterday the HUI and the XAU managed their second consecutive close above the 50 day moving average. That is generally enough to turn the technical posture into a bullish one. Sure enough the shorts began running today with indices easily breaking through their respective horizontal resistance levels at the late November highs. That translates to roughly the 250 level in the HUI and the 101-102 level in the XAU. To give you an idea how improved the HUI chart has become, the 100 day moving average on its daily chart comes in near 277. That is less than 20 points away from today’s session high. The grains are looking more and more like they are forging a bottom although so far that cannot be confirmed with certainty. They are meeting up with selling resistance near the 10 day moving average in the corn and the beans. I still have my eye on this complex as I will feel much better about the overall commodity sector once the grains bottom. So many prices have been beaten down to levels that I believe were not justified fundamentally but went there nonetheless in a technical washout from the hedge fund deleveraging trade and the index fund redemption related selling. Just like that crowd overdoes things on the upside, they do the same on the downside. The trick is trying to figure out when enough is enough. Just about the time you are convinced that the blind selling is over, another outbreak of selling appears and down it goes once again. What I keep looking for is the time when traders are paying attention to supply/demand factors that are particular to each commodity market instead of just wave after wave of selling. That will tell us that informed traders and big money is moving back in to take advantage of “value”. I believe we are seeing that in gold but I want to see it in more than one market but would prefer to see it across several of them. Up until recently, no one, and I mean no one, has been willing to step in front of the fund selling and take on any serious long positions. That makes sense since if you are inclined to buy, why not wait until you can get it even cheaper. When you see the prices have fallen to the point where others besides yourself are licking their chops in anticipation of the deal, then you begin moving in as well. But you have to know that you have some reinforcements on your side to take on the hedgies who are busy throwing everything out the window without looking at what it is. Incidentally, I heard some reports about guys in the oil patch buying the front month futures contracts, taking delivery of the crude and storing it in empty tankers with plans to sell it next year because of the degree of contango in the futures markets. The selling has knocked the front months down to levels that are out of whack with the premiums that the board is giving the back months. Those that know the oil patch very well and know where relative value is are taking steps to make a nice tidy sum of money thanks, once again, to the mindless hedge funds. Too bad we all don’t have some spare supertankers hanging around our back yards. For a while it seemed as if the bonds were going to drop and drop hard. Yet, like they have done time and time again recently, they bounded up from their lows. That thing sure seems to me to be setting itself up for one heckuva fall but fighting the trend can be quite expensive unless you are very, very nimble.


Jim’s Mailbox Posted: Dec 09 2008 By: Jim Sinclair Filed under: Jim's Mailbox Dear Jim, Can you comment on the rumor published on reliable sites that the IMF is going to pummel the gold market down to the $455 levels tomorrow at 12:22 PM? CIGA Arlen Dear Arlen, That rumor is nothing more than RAVING BULLSHIT! Jim

Tuesday, December 9, 2008


The Universal Declaration of Human Rights (UDHR) was adopted by the UN General Assembly on December 10, 1948. It was the first time the fundamental freedoms and rights of all persons were set forth in detail by the international community. When World War II ended, despite wide variations in ideological, cultural and political contexts, the 58 Member States of the UN laid out a common vision—a vision for a world where every person is entitled to equal justice, opportunity and dignity without discrimination. FOR MORE:


Delaying Tactics and Interview By: Theodore Butler and James Cook Here’s a quick follow-up to last week’s comment about the CFTC sending out form letters to me and many of you asking for specific evidence about a manipulation in silver prices. A number of you asked me how to respond. Before you respond, it is important to understand what the Commission is trying to accomplish with their notifications. They are not looking for specific evidence. They are looking to buy time. They are stalling. All the evidence the CFTC needs is already known to them. Specifically, the evidence is in their August Bank Participation Report which indicated that one or two U.S. banks held a concentrated net short position equal to 25% of the annual world mine production of silver. Such a degree of concentration, on either the long or short side of any market, is manipulative, in and of itself. If not, then the CFTC should simply explain why such a large concentrated position should not be considered manipulative and put the matter to rest. No taxpayer funded, long drawn-out investigation, just an explanation.

What is the Hegelian Dialectic?

It's best to read this short article from the website to be able to use the LINKS within the article. Use this URL: Introduction: Why study Hegel? "...the State 'has the supreme right against the individual, whose supreme duty is to be a member of the State... for the right of the world spirit is above all special privileges.'" Author/historian William Shirer, quoting Georg Hegel in his The Rise and Fall of the Third Reich (1959, page 144) In 1847 the London Communist League (Karl Marx and Frederick Engels) used Hegel's theory of the dialectic to back up their economic theory of communism. Now, in the 21st century, Hegelian-Marxist thinking affects our entire social and political structure. The Hegelian dialectic is the framework for guiding our thoughts and actions into conflicts that lead us to a predetermined solution. If we do not understand how the Hegelian dialectic shapes our perceptions of the world, then we do not know how we are helping to implement the vision. When we remain locked into dialectical thinking, we cannot see out of the box. Hegel's dialectic is the tool which manipulates us into a frenzied circular pattern of thought and action. Every time we fight for or defend against an ideology we are playing a necessary role in Marx and Engels' grand design to advance humanity into a dictatorship of the proletariat. The synthetic Hegelian solution to all these conflicts can't be introduced unless we all take a side that will advance the agenda. The Marxist's global agenda is moving along at breakneck speed. The only way to completely stop the privacy invasions, expanding domestic police powers, land grabs, insane wars against inanimate objects (and transient verbs), covert actions, and outright assaults on individual liberty, is to step outside the dialectic. This releases us from the limitations of controlled and guided thought. When we understand what motivated Hegel, we can see his influence on all of our destinies. ... Hegelian conflicts steer every political arena on the planet, from the United Nations to the major American political parties, all the way down to local school boards and community councils. Dialogues and consensus-building are primary tools of the dialectic, and terror and intimidation are also acceptable formats for obtaining the goal. The ultimate Third Way agenda is world government. Once we get what's really going on, we can cut the strings and move our lives in original directions outside the confines of the dialectical madness. Focusing on Hegel's and Engel's ultimate agenda, and avoiding getting caught up in their impenetrable theories of social evolution, gives us the opportunity to think and act our way toward freedom, justice, and genuine liberty for all. Today the dialectic is active in every political issue that encourages taking sides. We can see it in environmentalists instigating conflicts against private property owners, in democrats against republicans, in greens against libertarians, in communists against socialists, in neo-cons against traditional conservatives, in community activists against individuals, in pro-choice versus pro-life, in Christians against Muslims, in isolationists versus interventionists, in peace activists against war hawks. No matter what the issue, the invisible dialectic aims to control both the conflict and the resolution of differences, and leads everyone involved into a new cycle of conflicts. We're definitely not in Kansas anymore. For a visual concept, see this simple chart of the Hegelian Dialectic and Marx's Dialectical Materialism, posted by the Calverton Private School.


The Purpose Behind The Financial Crisis Posted: December 6 2008 Rich working to Bankrupt the Middle Class, world economic system now infected with toxic waste, golden parachutes for some and hyperinflation for others, a better plan would be to give a cheque to everybody, plans to help people wont really be implemented, credit problems thicken. We were hit with the greatest act of terror in our nation's history on 911, an intelligence failure of the highest magnitude, and no one got so much as a hand-slap while many even got promoted. Now we have the world's greatest financial failure, and not only do we not see anyone getting a hand-slap, we see each of the very people responsible for this debacle getting golden parachutes and bonuses in the tens of millions of dollars as they resign in disgrace, and few are fired other than the hard-working employees who had little or nothing to do with making the big decisions that brought about the ruination of their companies. There is no such thing as responsibility or accountability anymore for our leaders in government and business.


FROM JSMINESET.COM Hourly Action In Gold From Trader Dan Posted: Dec 09 2008 By: Dan Norcini Dear CIGAs, Not much time today gang – I apologize for the brevity – these markets are getting to the point where you can hardly look away from the screen for even a moment… madness is too kind of a word to describe what they have become of late. Gold was able to shrug off pressure from the weakness in the Euro-Yen cross and close higher for the pit session which is quite an achievement. It is holding support at levels shown on the chart near $765 or so. Resistance remains at $780 followed by $790. Open interest went up yesterday but that is a bit misleading because it was all concentrated in the June 2009 and December 2009 contracts. The gains in the HUI and the XAU are turning the chart patterns friendly especially give the inability of the broader stock market to maintain rallies. The HUI is trading above the 50 day moving average. If it can maintain its gains and this level going into the closing bell, it should spark some further short covering among technically oriented shorts. The 10 and 20 day moving averages are heading higher and the 40 day looks like it is also turning up. That would signify the trend is now higher for the shorter term. The 50 day would need to turn up to bring the intermediate trend to up. On the delivery front – Fortis was the largest seller issuing 30, 16 of which were taken mainly by the largest stopper HSBC. That brings the total to 12,449 for the month.


CREDIT TO FASTGT FOR THE LINK Horrific gold 'dump': Is this guy for real? – ThomWatch12/8/2008 11:24:52 AM | Thom Calandra HERE IS JIM SINCLAIR'S COMMENT ABOUT THIS ON DEC 10, 2008 Jim’s Mailbox Posted: Dec 09 2008 By: Jim Sinclair Dear Jim, Can you comment on the rumor published on reliable sites that the IMF is going to pummel the gold market down to the $455 levels tomorrow at 12:22 PM? CIGA Arlen Dear Arlen, That rumor is nothing more than RAVING BULLSHIT! Jim

Sunday, December 7, 2008



COURTESY OF GOLDMELTER A Christmas Story for people having a bad day: When four of Santa's elves got sick, the trainee elves did not produce toys as fast as the regular ones, and Santa began to feel the Pre-Christmas pressure. Then Mrs Claus told Santa her Mother was coming to visit, which stressed Santa even more. When he went to harness the reindeer, he found that three of them were about to give birth and two others had jumped the fence and were out, Heaven knows where. Then when he began to load the sleigh, one of the floorboards cracked, the toy bag fell to the ground and all the toys were scattered. Frustrated, Santa went in the house for a cup of apple cider and a shot of rum. When he went to the cupboard, he discovered the elves had drunk all the cider and hidden the liquor. In his frustration, he accidentally dropped the cider jug, and it broke into hundreds of little glass pieces all over the kitchen floor. He went to get the broom and found the mice had eaten all the straw off the end of the broom. Just then the doorbell rang, and irritated Santa marched to the door, yanked it open, and there stood a little angel with a great big Christmas tree. The angel said very cheerfully, 'Merry Christmas, Santa. Isn't this a lovely day? I have a beautiful tree for you. Where would you like me to stick it?' And so began the tradition of the little angel on top of the Christmas tree.