warpig Posted May 16, 2021 Share Posted May 16, 2021 Quote Basel 3 is on course to regulate the LBMA out of existence. And with it will go all the associated arbitrage business and position-taking on Comex, because most bullion bank trading desks will cease to exist. The only supply to buy-side speculators of gold and silver contracts will be producer hedging. In recent months there has been some limited commentary concerning the introduction of Basel 3 regulations and the implications for precious metals trading. These new regulations are scheduled to be introduced for European banks at the end of June — only seven weeks’ time — and in the UK from 1 January next, affecting all LBMA member banks. This article explains the new regulations and concludes that the recent joint LBMA/WGC consultation paper addressed to the British regulator is unlikely to save London’s unallocated gold trading market. And because Basel 3 regulations are scheduled to be introduced into the UK at the year-end all banks in the London gold market can be expected to wind down their exposure well ahead of the deadline. The unallocated forward settlement market will effectively be shut down. Hedging into Comex futures from this source will also cease. https://www.zerohedge.com/markets/macleod-end-lbma-nigh Quote Link to comment Share on other sites More sharing options...
HovelinHove Posted May 17, 2021 Share Posted May 17, 2021 On 16/05/2021 at 13:59, warpig said: https://www.zerohedge.com/markets/macleod-end-lbma-nigh Yummy. About time. I have some ETF exposure, but it is fully allocated (not sure I completely believe it). Mostly in miners now that are doing very nicely at the moment. These are a long term hold though…prepared for lots of ups and downs. Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted May 17, 2021 Share Posted May 17, 2021 🤣🤣🤣 Quote Link to comment Share on other sites More sharing options...
Biggus Posted May 18, 2021 Share Posted May 18, 2021 (edited) Gold is now above the 200 dma on the daily. Golden cross is forming. The technicals are very bullish. (The last candle is a shooting star man, btw, so possibly a pullback tomorrow) The fundamentals also make a bullish case. Inflation is rocketing and there are is signs of the Fed tightening. Also June 28th is a key date for Basel 3. From what I've been told a lot of the gold bucket shops will be shutting down on this date. Edited May 18, 2021 by Biggus shooting star, not hanging man. Quote Link to comment Share on other sites More sharing options...
azogar Posted May 25, 2021 Share Posted May 25, 2021 #dxy needs to pass/fail* the test ---> *isuagoldbugboyyyyy! Quote Link to comment Share on other sites More sharing options...
azogar Posted May 25, 2021 Share Posted May 25, 2021 for you @warpighttps://silverseek.com/article/peak-mined-silver-reached Quote Link to comment Share on other sites More sharing options...
warpig Posted May 27, 2021 Share Posted May 27, 2021 On 25/05/2021 at 15:45, azogar said: for you @warpighttps://silverseek.com/article/peak-mined-silver-reached Thanks... it just confirms what we've always said... and that assumes you have crude oil to mine with... which since 2005 is in terminal decline. Good job I've got a shit load of silver! Quote Link to comment Share on other sites More sharing options...
warpig Posted May 27, 2021 Share Posted May 27, 2021 Gold's looking good... Quote Link to comment Share on other sites More sharing options...
azogar Posted May 28, 2021 Share Posted May 28, 2021 Straight from the horses mouth. Physical silver. Message ends. https://m.facebook.com/UnitedStatesMint/photos/a.331791684458/10159719548979459 Quote Link to comment Share on other sites More sharing options...
warpig Posted May 29, 2021 Share Posted May 29, 2021 (edited) Feels like the right time to post this. Edited May 29, 2021 by warpig Quote Link to comment Share on other sites More sharing options...
markyh Posted May 29, 2021 Share Posted May 29, 2021 9 hours ago, warpig said: Feels like the right time to post this. Until Goldman Sachs smack the price of Gold and Solver down again, just like clockwork. Bull Trap. Quote Link to comment Share on other sites More sharing options...
azogar Posted May 29, 2021 Share Posted May 29, 2021 https://livewiremarkets.podbean.com/e/grantham-this-is-a-bubble-this-is-serious/ Grantham's CV is 2nd to none - great overall interview perfect for the weekend / 1.02min in if you are time sensitive (some quality issues here and there) Quote Link to comment Share on other sites More sharing options...
TopBanana101 Posted May 29, 2021 Share Posted May 29, 2021 6 hours ago, markyh said: Until Goldman Sachs smack the price of Gold and Solver down again, just like clockwork. Bull Trap. What are your thoughts on Basil III? Do you think they are planning to side-step it? Quote Link to comment Share on other sites More sharing options...
cnick Posted June 1, 2021 Share Posted June 1, 2021 (edited) On 11/08/2020 at 08:01, Killer Bunny said: @markyh .......<1800 coming. Tick Tock. Maybe sub 1700... Bump. Seems he (KB) was correct. Wonder if he has a view on Basel 3. Edited June 1, 2021 by cnick Quote Link to comment Share on other sites More sharing options...
Data Dave Posted June 1, 2021 Share Posted June 1, 2021 16 of June is the date of the next Financial Open Market Committee [FOMC] any 'changes' to monetary policy could really impact on the Gold price. Will interesting to see U.S inflation figures this month too. Any unexpected [further] spike could see Gold vol spike with it. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted June 2, 2021 Share Posted June 2, 2021 Quote Link to comment Share on other sites More sharing options...
dirtyduck Posted June 10, 2021 Share Posted June 10, 2021 Not the best source, but could this be the next leg up in gold? Could Macron top the excellent strategy Of Gordon and signal to the world there is a fire sale on gold , before selling? https://www.zerohedge.com/geopolitical/frances-macron-urges-g-7-sell-gold-reserves-fund-bailout-africa Quote Link to comment Share on other sites More sharing options...
Timm Posted June 15, 2021 Share Posted June 15, 2021 I haven't had any gold since 2010 / 11, but I am tempted right now. Quote Link to comment Share on other sites More sharing options...
Biggus Posted June 17, 2021 Share Posted June 17, 2021 On 10/06/2021 at 20:47, dirtyduck said: Not the best source, but could this be the next leg up in gold? Could Macron top the excellent strategy Of Gordon and signal to the world there is a fire sale on gold , before selling? https://www.zerohedge.com/geopolitical/frances-macron-urges-g-7-sell-gold-reserves-fund-bailout-africa Gold is down sharply today. I have a suspicion that some European banks are in trouble with the Basel 3 deadline around the corner. Efforts, such as the French government selling gold to bail them out are underway. Gold price could go down even more. The media is reporting the reason for the drop is the Fed saying it might raise interest rates in a few years. Maybe that's the real reason. Or maybe there's some other reason I'll never find out. Either way I was stopped out. I'll buy back in when the correction looks to be over. Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted June 17, 2021 Share Posted June 17, 2021 @Warlord gold is crashing bud. Best get out before you lose it all. It’s going to $0. Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted June 17, 2021 Share Posted June 17, 2021 @Warlord Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted June 17, 2021 Share Posted June 17, 2021 2 hours ago, Biggus said: I have a suspicion that some European banks are in trouble with the Basel 3 deadline around the corner. Efforts, such as the French government selling gold to bail them out are underway. Gold price could go down even more. I thought it odd that Macron wanted to sell Gold to bail out Africa... Quote Link to comment Share on other sites More sharing options...
markyh Posted June 17, 2021 Share Posted June 17, 2021 1 hour ago, MonsieurCopperCrutch said: @Warlord gold is crashing bud. Best get out before you lose it all. It’s going to $0. 😂 Yeah a guy i know who is involved in the market told me the World's governments are going to ban gold and drive the price back to $30 as China owns to much for their liking. Best dump it all now, Just trying to save everyone from not losing money. 🤣 Quote Link to comment Share on other sites More sharing options...
Warlord Posted June 17, 2021 Share Posted June 17, 2021 Just now, markyh said: 😂 Yeah a guy i know who is involved in the market told me the World's governments are going to ban gold and drive the price back to $30 as China owns to much for their liking. Best dump it all now, Just trying to save everyone from not losing money. 🤣 Gold actually has a use moron, you can make stuff with it ... will always have a value in the market . Not bothered Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted June 17, 2021 Share Posted June 17, 2021 4 hours ago, markyh said: 😂 Yeah a guy i know who is involved in the market told me the World's governments are going to ban gold and drive the price back to $30 as China owns to much for their liking. Best dump it all now, Just trying to save everyone from not losing money. 🤣 Gold mining is absolutely terrible for the environment and will be banned soon. My contact told me. @Warlord Quote Link to comment Share on other sites More sharing options...
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