Errol Posted April 16, 2013 Share Posted April 16, 2013 The gold price crash is further evidence of market rigging - http://blogs.telegraph.co.uk/finance/thomaspascoe/100024081/the-gold-price-crash-is-further-evidence-of-market-rigging/ Quote Link to comment Share on other sites More sharing options...
Errol Posted April 18, 2013 Share Posted April 18, 2013 Another excellent piece from Detlev Schlichter: Gold sell-off: There is only one question that matters http://detlevschlichter.com/2013/04/gold-sell-off-there-is-only-one-question-that-matters/ Quote Link to comment Share on other sites More sharing options...
GeordieAndy Posted April 18, 2013 Share Posted April 18, 2013 Max Keiser was on Newsnight (near the end) last night and the whole piece was about whether gold has lost it's allure etc. Very good watch: http://www.bbc.co.uk/iplayer/episode/b01s0sx1/Newsnight_17_04_2013/ Quote Link to comment Share on other sites More sharing options...
Errol Posted April 18, 2013 Share Posted April 18, 2013 Max Keiser was on Newsnight (near the end) last night and the whole piece was about whether gold has lost it's allure etc. Very good watch: http://www.bbc.co.uk/iplayer/episode/b01s0sx1/Newsnight_17_04_2013/ Yes. Excellent feature on recent gold moves on Newsnight. Max Keiser on top form! Quote Link to comment Share on other sites More sharing options...
Errol Posted April 18, 2013 Share Posted April 18, 2013 US Mint Sells Record 63,500 Ounces Of Gold In One Day According to today's data from the US Mint, a record 63,500 ounces, or a whopping 2 tons, of gold were reported sold on April 17th alone, bringing the total sales for the month to a whopping 147,000 ounces or more than the previous two months combined with just half of the month gone. http://www.zerohedge.com/news/2013-04-17/us-mint-sells-record-63500-ounces-gold-one-day Quote Link to comment Share on other sites More sharing options...
Errol Posted April 19, 2013 Share Posted April 19, 2013 Chinese Gold & Silver Exchange Society Runs Out of Gold... Importing from Switzerland and London http://www.zerohedge.com/news/2013-04-19/chinese-gold-exchange-sold-out-begins-importing-switzerland Quote Link to comment Share on other sites More sharing options...
wherebee Posted April 20, 2013 Share Posted April 20, 2013 You know we talk about shoeshine boy moments? Just had this spam through an an old email account Hi. Use your experience and talent and become a first-class business manager position in American Dollar and Silver Coins company. American Dollar and Silver Coins Investment Department is currently looking for active people who want to get a promising and beneficial job. Vacancy Part Time Employee, Full Employment Im glad to let you know about new international job vacancy. American Dollar and Silver Coins is seeking diligent and thorough candidates. This vacancy is about providing services to our company customers and employees in the USA and also worldwide. We have our branches operating in the USA, Germany, Italy, Spain, the Netherlands, Sweden, Poland and Denmark. We will provide you with instructions and general details while you will be in an employment process and probation period. You will work for only 3-4 hours a day during banking days. Skills required - You must have superb organizational skills with the ability to react to changing situations and work under pressure. - Great communication skills together with high accuracy level and attention to details are required. - A full training will be organized however a proved experience of work with customers will be a plus. - A desire to achieve success and a positive approach are essential. - Good skills and confidence in using Microsoft office including Excel, Word, Outlook and PowerPoint. - Track record in management reporting systems. - Paying a great deal of attention to details. Requirements: - you are more than 21 years old - a US work permit is available - good level of the spoken and written English - you can daily work 3-4 hours in the morning during business hours Position description Assist in book-keeping and reconciliation tasks receiving messages, finding and providing information Receiving, sorting, and routing mail and publications Receiving payments and record receipts for products/services Submitting online reports on a daily basis A successful employee must demonstrate a willingness to learn and ability to work without supervision after attending a training. Salary The starting wages will be $1,300 per week part-time employment , which will be paid to you according to our common salary procedures biweekly, after two-weeks trial period. Commissions In addition, you will receive an additional fee of 8% from the amount of every deal, which will be made by you. Quote Link to comment Share on other sites More sharing options...
Quiet Guy Posted April 20, 2013 Share Posted April 20, 2013 An über bearish comment from Martin Armstrong: "the FAILURE to exceed Friday's 4/19 high intraday, and a penetration of 1310, we are looking at a drop to 1158. Breach that, and we very well may see 907 in 2 weeks, The gold promoters instead of $30,000 and now out in force desperately trying to suck people in claiming the new target is now $50,000. This is insane. This type of break could be monumental. We now must watch for new lows next week will point to a collapse into the follow week." http://armstrongecon...19/gold-silver/ Armstrong appears to be seriously contemplating the possibility of a drop to about £500 in the next fortnight! If nothing else, the comments here will be interesting if we get anywhere near that level of damage. Quote Link to comment Share on other sites More sharing options...
shindigger Posted April 20, 2013 Share Posted April 20, 2013 http://www.ebay.co.uk/itm/Full-Gold-Sovereign-Coin-2013-/161007624339?pt=UK_Coins_BritishMilled_RL&hash=item257ccd6093 This price was after the £190 spot price crash last week. A whole 4 quid lower than Sovs sold weeks earlier. Actually in some instances they are actually making more post crash. http://www.ebay.co.uk/sch/i.html?_sacat=0&_from=R40&_nkw=2013+sovereign&LH_Complete=1&rt=nc The people buying these don't seem to care about much else. Quote Link to comment Share on other sites More sharing options...
Errol Posted April 21, 2013 Share Posted April 21, 2013 Armstrong appears to be seriously contemplating the possibility of a drop to about £500 in the next fortnight! If nothing else, the comments here will be interesting if we get anywhere near that level of damage. I don't see how this could be anything other than most welcome. A massive sale. Physical buying will go through the roof. Quote Link to comment Share on other sites More sharing options...
Errol Posted April 22, 2013 Share Posted April 22, 2013 China Hasn't "Seen This Gold Rush In 20 Years" Trading volume on the Shanghai gold exchange jumped to a record high on Monday http://www.zerohedge.com/news/2013-04-22/china-hasnt-seen-gold-rush-20-years Quote Link to comment Share on other sites More sharing options...
Take Me Back To London! Posted April 23, 2013 Share Posted April 23, 2013 Yes. Excellent feature on recent gold moves on Newsnight. Max Keiser on top form! The usual BBC guff on gold or anything else for that matter. Distorted, lowbrow nonsense. They have nothing intelligent or impartial to say. The BBC state, gold was uneventful for the 15 years up to 2007. They play it with their chart that gold started going up in 2007 with the shine coming off global banks and the European single currency, gold going up 250%. No mention that it did that percentage increase from 2001 to 2007. Reasons they give for the pullback are low inflation and the global economy starting to recover. Quote Link to comment Share on other sites More sharing options...
Errol Posted April 25, 2013 Share Posted April 25, 2013 Kyle Bass Explains Why He Had The University of TX Take Physical Delivery Quote Link to comment Share on other sites More sharing options...
Errol Posted April 25, 2013 Share Posted April 25, 2013 Good interview with Andrew Maguire re. the gold market (in the second half of the show): Quote Link to comment Share on other sites More sharing options...
Errol Posted April 25, 2013 Share Posted April 25, 2013 Quote Link to comment Share on other sites More sharing options...
Quiet Guy Posted May 4, 2013 Share Posted May 4, 2013 I'm getting seriously bearish about gold for the next year or two. I believe that equity markets are due for a serious correction and gold will be pulled down with everything else when that happens. http://seekingalpha....unce-won-t-last Yes, that was quite the "rally" we saw this past week in gold. And, yes, it has reinvigorated the few bulls left in the market. But, no, I do not believe this rally has lasting power. Last week, I noted that GLD can see a rally back up as high as the 142/143 region and still maintain a bearish perspective. Well, that is exactly what we have seen this past week, with GLD potentially topping at the 143.45 region. But, what we also saw last week was more and more "conspiracy" articles coming out by those uber-bulls who simply believe it is not possible for gold to move in two ways. Yes, believe it or not, gold can and does go down. And, of course, it simply cannot be because their 101st bottom call was not right. No, they are 100% sure that they are right in believing that gold should not go down. This is in the same way that all the "fundamentalists" do not believe that the equity market should have been going up for the last two years. But, instead of dealing with the markets as dictated by sentiment and how the markets are, they only deal with it as they feel it should be. There is no easier way of losing money than maintaining this perspective in any market. Yes, I know that there has been a lot of buying around the world after the last dip but for a sustained bull market shouldn't there be more negative sentiment after recent events? If there is record physical buying now, what will sustain the price going forward? The Gold Scents blog is also warning of a coming equity correction (though ironically, Connor is a metals bull.) http://goldscents.bl...stretching.html The runaway move in the stock market that we have been watching over the last few months continues to stretch higher and longer. Let me emphasize again, these things always end badly. Usually in some kind of crash, or semi crash. The bull market was great fun but how much longer can it go unless you believe in hyperinflation? Quote Link to comment Share on other sites More sharing options...
R K Posted May 5, 2013 Share Posted May 5, 2013 If there is record physical buying now, what will sustain the price going forward? You really ought to stop asking rational, sensible, well considered questions. Quote Link to comment Share on other sites More sharing options...
Errol Posted May 6, 2013 Share Posted May 6, 2013 Vietnam’s Central Bank Imports Gold to Bolster Official Reserves http://www.bloomberg.com/news/2013-05-06/vietnam-s-central-bank-imports-gold-to-bolster-official-reserves.html Quote Link to comment Share on other sites More sharing options...
Errol Posted May 6, 2013 Share Posted May 6, 2013 http://www.marketoracle.co.uk/Article40300.html Quote Link to comment Share on other sites More sharing options...
Errol Posted May 18, 2013 Share Posted May 18, 2013 More interesting developments ... Gold Bug Hedge Funds Collectively Report Over $183mm In New Call Option Positions On Miners While mainstream news sources continue the war against gold and gold-related investments, three of the world’s top performing hedge fund managers have been busy at work building speculative gold positions during the first quarter. George Soros, John Paulson, and Steve Cohen, who in aggregate control over $60 billion dollars, have been aggressively buying the most speculative vehicles associated with gold: call options on gold mining stocks. Bottom Line: While gold and gold mining equities in particular have become the world’s most hated investment, three of the top hedge fund managers of our generation are not only holding firm their previous gold holdings—but they are quietly accumulating tens of millions of dollars in call options on gold mining stocks. http://bullmarketthinking.com/gold-bug-hedge-funds-collectively-report-over-183mm-in-new-call-option-positions-on-miners/ Quote Link to comment Share on other sites More sharing options...
Errol Posted June 10, 2013 Share Posted June 10, 2013 For what it's worth - Maund gold market update: http://www.clivemaund.com/gmu.php?art_id=68&date=2013-06-09 Quote Link to comment Share on other sites More sharing options...
Errol Posted June 23, 2013 Share Posted June 23, 2013 Russia added another 200,000 ounces in May: Quote Link to comment Share on other sites More sharing options...
Errol Posted July 2, 2013 Share Posted July 2, 2013 Quote Link to comment Share on other sites More sharing options...
Quiet Guy Posted July 3, 2013 Share Posted July 3, 2013 Mike Shedlock discusses gold and predictions: http://globaleconomi...-on-making.html I think Shedlock is sensible and often gives good analysis but even he appears to be struggling to make the case for a bull market. Is the secular bull market over now? I doubt it, but I suppose it's possible. Why do I doubt it? Because secular bull markets tend to end with public participation in a massive way and prices going parabolic. Here are some examples: Gold and silver in the 1980s, tech stocks in 2000, housing in 2005, the stock market in general in 2007 and arguably again (this time on the misguided belief the Fed has the markets back and nothing can go wrong). but another comment illustrates the difficulty for anybody trying to buy and hold: Price Targets People keep asking, but I have no price targets for either gold or silver. Within a couple years, neither $1,000 nor $2,500 would shock me for the price of gold. However, history suggests the secular bull will not end without the public going gaga over the stuff. From $1000 to $2500 is quite a range. If we hit $2500 in the next two years, the bulls will be all over this forum but at $1000 the bears will be claiming vindication. Quote Link to comment Share on other sites More sharing options...
Errol Posted July 7, 2013 Share Posted July 7, 2013 JP Morgan Vault Gold Drops To New Record Low; Brinks Gold Plunges By 24% In One Day another 6.8k ounces of gold was pulled from JPM's 1 CMP world's biggest gold vault, dropping its total gold inventory to a fresh record low. Perhaps even more notable is that on Friday, that "other" depository, Brink's, saw 24% of its entire registered gold holdings, or 133k ounces, quietly get withdrawn. This, together with the moves in JPM and HSBC inventory, meant that total Comex gold holdings dropped by 116K ounces to a new low not seen for the first time since 2006. http://www.zerohedge.com/news/2013-07-06/jp-morgan-vault-gold-drops-new-record-low-brinks-gold-plunges-24-one-day Either these figures are somehow wrong, or something will have to give. Also, where is all the physical going? Quote Link to comment Share on other sites More sharing options...
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