Comments on Peter Degraaf's articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/peter-degraaf/articles http://seekingalpha.com/article/112535-the-manipulation-of-gold-and-silver-prices?source=feed#comment-524700 524700 Sat, 30 May 2009 22:11:49 -0400
A prudent investor uses diversification, is studious, and assumes an unknown messenger as having bias. Gold and silver are merely tools of the prudent.

Hear at SeekingAlpha, the noteworth and insightful are praised and followed; the fools simply ignored.

Gues which group you belong to.....]]> http://seekingalpha.com/article/112535-the-manipulation-of-gold-and-silver-prices?source=feed#comment-524623 524623 Sat, 30 May 2009 19:46:28 -0400
“Hedge funds dumping positions to raise cash are not the cause of the drop in price”
Ah, so when people sell bullion and futures it’s supposed to cause the price to go up? Last time I checked, higher supply and lower demand leads to lower prices.

“…long positions had to be liquidated due to the illegal short selling that is so easy under the US fascist regime.”
So this amazing power is both impotent and omnipotent? And since when is it illegal to short-sell a security? Are we trading gold in New York or stock in Melbourne or Shanghai?

“Plausible?”
If there was any failure to deliver gold and silver, it would be plausible. So far there has been none.

Remember: the price you pay per ounce for a very large bar of any metal (not just gold and silver) is typically lower than the price you may pay for a one-ounce minted round or bar. Aluminum foil at your local supermarket costs far more than 66¢ per pound. Is there a giant aluminum price suppression scheme afoot? Is this a plot by the Aluminiummati?]]> http://seekingalpha.com/article/112535-the-manipulation-of-gold-and-silver-prices?source=feed#comment-524545 524545 Sat, 30 May 2009 17:40:13 -0400
JPM's open contracts mean little because most will be closed before contracts expire. And how much of JPM's holdings belong to its clients? Most, probably.

Speculation drives all markets. Most of the speculation is about supply and demand of a commodity or stock or bond, or whatever. But that speculation also factors in expectations for related markets such as the money and currency markets as well as for markets of competing products. That's why the precious metals markets interact much as the grains and live stock markets do.

It seems to me that the author of the opening post is unhappy that gold and silver aren't going up as much or as fast as they think they should, and he's come up with a conspiracy theory to rationalize his poorly timed trades.

Gold bulls have been spouting this kind of stuff for decades.

That governments and institutions trade commodities is no big deal. They've done it forever. Sometimes they make good trades and sometimes not. Same goes with banks and other institutions and commericials as well as individuals.

Trading gold or any commodity is a very risky business, and if you can't manage your losses you probably should be in money market funds, etc.]]> http://seekingalpha.com/article/112535-the-manipulation-of-gold-and-silver-prices?source=feed#comment-524374 524374 Sat, 30 May 2009 14:50:58 -0400
"“Thou shalt use every good idea thou comest upon" ?

Are you serious?

Try using ideas that actually make sense in your article.]]> http://seekingalpha.com/article/112535-the-manipulation-of-gold-and-silver-prices?source=feed#comment-524080 524080 The truth is that the entire US govt. has engaged in a conspiracy > to prop up the dollar and in order to get away with it, has allowed > alot of huge corporations to get in on the game. They believed in > the trickle down theory and for awhile it worked as most of America > ended up with a better standard of living than the generation before > them. > The problem is that the ruse is up. The lies are being exposed and > it is not pretty. The rug has been snatched from under our feet > and we are tripping over ourselves and each other before we are trampled. > > The world is a lot more dark and sinister than anyone wants to believe. > Unfortunately, if you don't wake up and take action on behalf of > yourself you will be more likely to be one of it's victims.]]> Sat, 30 May 2009 10:50:46 -0400
At the same time, if cynicism truly takes hold of us, we lose our ability to trust and can become overwhelmed.

I've tried to teach people to trust themselves while seeing the reality of the dangerousness of life.

G


On 2008 Dec 30 10:31 AM Kelly Lieberman wrote:

> The truth is that the entire US govt. has engaged in a conspiracy
> to prop up the dollar and in order to get away with it, has allowed
> alot of huge corporations to get in on the game. They believed in
> the trickle down theory and for awhile it worked as most of America
> ended up with a better standard of living than the generation before
> them.
> The problem is that the ruse is up. The lies are being exposed and
> it is not pretty. The rug has been snatched from under our feet
> and we are tripping over ourselves and each other before we are trampled.
>
> The world is a lot more dark and sinister than anyone wants to believe.
> Unfortunately, if you don't wake up and take action on behalf of
> yourself you will be more likely to be one of it's victims.]]> http://seekingalpha.com/article/112535-the-manipulation-of-gold-and-silver-prices?source=feed#comment-524078 524078 Sat, 30 May 2009 10:47:47 -0400 All the mined silver on Earth is in use or has a predestined use. JPM's positions affect the market, whether by intent or due to genuine belief that precious metals are overvalued is irrelevant to me. I don't agree with their position.
More food for thought: Dollar coins minted 100+ years ago with .8 oz silver in them are only worth $12 today. Will anyone argue that something as rare and highly demanded as silver cannot keep up with inflation? There are way more straws easily sucking oil out of the earth and selling it for huge profits than there are mining companies turning a profit. Most miners are still sitting on huge gold reserves because market prices barely allow them to operate.

My blog explains what I think the best way to play silver is.]]> http://seekingalpha.com/article/112535-the-manipulation-of-gold-and-silver-prices?source=feed#comment-523986 523986 Sat, 30 May 2009 09:08:10 -0400 http://seekingalpha.com/article/112535-the-manipulation-of-gold-and-silver-prices?source=feed#comment-523809 523809 Sat, 30 May 2009 02:18:19 -0400 arabianmoney.net/2009/.../
]]> http://seekingalpha.com/article/120907-bullish-long-term-outlook-for-gold?source=feed#comment-489720 489720 Tue, 05 May 2009 01:00:28 -0400 http://seekingalpha.com/article/129465-gold-and-silver-to-buy-or-not-to-buy?source=feed#comment-452938 452938 Mon, 06 Apr 2009 01:17:23 -0400 Your article is dated April 5 yet you use statisics for gold dated April 1.
Your figures are dated. As of 4/3 all parameters for gold are negative: the RSI is down (39.88), your so-called support line has been breeched, the 20 day EMA is in a negative cross down, the MACD and full Sochastics are both bearish. The next so-called "support level" is the 200 Day M.A. at 860. The long term view for gold might still be positive, given future prospects for increased inflation, but your analysis based on figures for April 1 is misleading. And your argument . . . . tendentious?]]> http://seekingalpha.com/article/129465-gold-and-silver-to-buy-or-not-to-buy?source=feed#comment-452809 452809 Sun, 05 Apr 2009 21:10:52 -0400 http://seekingalpha.com/article/129465-gold-and-silver-to-buy-or-not-to-buy?source=feed#comment-452584 452584 Sun, 05 Apr 2009 15:38:39 -0400 http://seekingalpha.com/article/129465-gold-and-silver-to-buy-or-not-to-buy?source=feed#comment-452497 452497 When the GLD holders decide that they would rather have some solar > stocks or some biotech, look out below.]]> Sun, 05 Apr 2009 13:07:23 -0400

On Apr 05 12:08 PM Gigem77 wrote:

> When the GLD holders decide that they would rather have some solar
> stocks or some biotech, look out below.]]> http://seekingalpha.com/article/129465-gold-and-silver-to-buy-or-not-to-buy?source=feed#comment-452427 452427 Sun, 05 Apr 2009 12:08:13 -0400
The ECB dumped 35.5 tonnes of gold on the market last week. The IMF is preparing to sell 400 tonnes already approved by the G20. World mining production is running about 20 tonnes per week. Demand from India is nearly zero. Will investment demand continue to take up the slack as the broad market rises or will money flow back to stocks?

When the GLD holders decide that they would rather have some solar stocks or some biotech, look out below. ]]> http://seekingalpha.com/article/129465-gold-and-silver-to-buy-or-not-to-buy?source=feed#comment-452101 452101 Sun, 05 Apr 2009 06:56:28 -0400 http://seekingalpha.com/article/126524-central-fund-of-canada-going-for-gold?source=feed#comment-433679 433679 OG, > > There are perfectly US-legal ways to buy designated stored gold bullion > inside an IRA. I can't speak for 401k's. Any seach internet engine > can tell you where to look.]]> Fri, 20 Mar 2009 12:22:41 -0400 I don't know anyone personally that can invest in physical metals in their company sponsored 401K.


On Mar 19 02:14 PM deuxsous wrote:

> OG,
>
> There are perfectly US-legal ways to buy designated stored gold bullion
> inside an IRA. I can't speak for 401k's. Any seach internet engine
> can tell you where to look.]]> http://seekingalpha.com/article/126524-central-fund-of-canada-going-for-gold?source=feed#comment-432590 432590 Thu, 19 Mar 2009 14:14:45 -0400
There are perfectly US-legal ways to buy designated stored gold bullion inside an IRA. I can't speak for 401k's. Any seach internet engine can tell you where to look.]]> http://seekingalpha.com/article/126524-central-fund-of-canada-going-for-gold?source=feed#comment-432327 432327 optionsgirl, > > Good points all, including the Hunt screwing by Paul Volcker and > COMEX! Did you notice Paul Volcker sitting quietly by Obama's side > at one of his "mouth-offs" this week? I got the message. > > And notice that NO ONE will ever comment on CEF premiums or possible > Canadian government policies. CEF has a golden protectorate of posters, > bloggers, and sellers. It's a family business too. > > Do you buy a REIT to live in? I don't think so. My advice is if you > want to own gold, buy actual gold, not CEF or GLD or IAF or SLV.]]> Thu, 19 Mar 2009 11:29:36 -0400

On Mar 18 11:31 PM deuxsous wrote:

> optionsgirl,
>
> Good points all, including the Hunt screwing by Paul Volcker and
> COMEX! Did you notice Paul Volcker sitting quietly by Obama's side
> at one of his "mouth-offs" this week? I got the message.
>
> And notice that NO ONE will ever comment on CEF premiums or possible
> Canadian government policies. CEF has a golden protectorate of posters,
> bloggers, and sellers. It's a family business too.
>
> Do you buy a REIT to live in? I don't think so. My advice is if you
> want to own gold, buy actual gold, not CEF or GLD or IAF or SLV.]]> http://seekingalpha.com/article/126524-central-fund-of-canada-going-for-gold?source=feed#comment-431714 431714 Wed, 18 Mar 2009 23:31:29 -0400
Good points all, including the Hunt screwing by Paul Volcker and COMEX! Did you notice Paul Volcker sitting quietly by Obama's side at one of his "mouth-offs" this week? I got the message.

And notice that NO ONE will ever comment on CEF premiums or possible Canadian government policies. CEF has a golden protectorate of posters, bloggers, and sellers. It's a family business too.

Do you buy a REIT to live in? I don't think so. My advice is if you want to own gold, buy actual gold, not CEF or GLD or IAF or SLV. ]]> http://seekingalpha.com/article/126524-central-fund-of-canada-going-for-gold?source=feed#comment-431213 431213 Wed, 18 Mar 2009 16:05:52 -0400 If the government ever wanted to go after US citizens that own CEF, don't you think the Canadian government would capitulate and that the funds representing those shares would be confiscated from your account, or they would find some other way to steal it?
Maybe that seems paranoid, but the govt is always changing the rules- so, if the government ever decides U.S. citizens can't hold gold, I believe they will prevail, irrespective of the gold investment-whether it be physical or paper, or where in the world it is housed.
Even the commodity exchanges can manipulate market price by changing the margin requirements. If you ever want to read the real story behind the Hunt Brothers, which mischaracterizes their attempt to own silver as "cornering the market on silver", you should read about how the margin requirements were changed to force them out of their positions. They didn't do anything illegal, and because of the spin on that story, they appear to have been thwarted robber barons rather than businessmen entitled to invest in silver, who were robbed. The Hunt brothers were afraid of fiat currency, and that was close to 30 years ago.
Never forget that when the banks were in their depth spirals, the government response was to suspend short selling.
]]> http://seekingalpha.com/article/126524-central-fund-of-canada-going-for-gold?source=feed#comment-431165 431165 Wed, 18 Mar 2009 15:35:52 -0400 http://seekingalpha.com/article/126524-central-fund-of-canada-going-for-gold?source=feed#comment-431130 431130 Wed, 18 Mar 2009 15:06:42 -0400
Here is a quick and easy way to calculate the premium for CEF:
www.silveranalysis.com.../

I agree with the author that this fund is far superior and less risky than either GLD or SLV. ]]> http://seekingalpha.com/article/126524-central-fund-of-canada-going-for-gold?source=feed#comment-430763 430763 Wed, 18 Mar 2009 13:00:00 -0400
There are two somewhat connected questions I have about CEF that I never see anyone discuss:

1. Why should a fund containing only gold and silver bullion trade at such a high premium to the metals holdings?

2. Why is it assumed that some future Canadian government might not seize private gold in a real pinch?

As I say, these questions may be connected in that the otherwise surprising CEF premium may come from very firm belief that private gold and silver could never be seized by the sovereign state. And yet we know that governments in Canada can and have "changed the rules" on various investments over the decades. The 2007 changes in tax treatments for Canadian exchange-traded energy trusts come to mind as an example.

Anyone other than Peter is welcome to address these questions.

Thanks in advance.]]> http://seekingalpha.com/article/126524-central-fund-of-canada-going-for-gold?source=feed#comment-430557 430557 Wed, 18 Mar 2009 10:57:57 -0400
The six to eight week cycle Peter De Graff refers to is in synch with that historical pattern, if a one month surge begins with a spike that starts around the last few days of March.

De Graff's last chart in this article, showing a breakout for CEF right around the end of March, could be comfortably projected right on top of the first chart in the article that refers to the 6 to 8 week cycle, especially with respect to a currently funnelling price channel over the past 4 months.

There are a bunch of gold miner stocks that all show the same price channel pattern ending at the end of March or first few days of April. If you don't believe me, go look.

Interestingly, Yellowhoard's predictions ARE in synch with the historical pattern with a spike around the first days of April, suggesting that he's seen (and refers to) the same annual gold price chart I have seen.]]> http://seekingalpha.com/article/126524-central-fund-of-canada-going-for-gold?source=feed#comment-430458 430458 Wed, 18 Mar 2009 10:09:01 -0400 http://seekingalpha.com/article/126524-central-fund-of-canada-going-for-gold?source=feed#comment-430364 430364 Wed, 18 Mar 2009 09:15:19 -0400
Long gold, silver, platinum, palladium, corn, wheat, soybeans, sugar, and pretty much anything that is currently in very short supply.]]> http://seekingalpha.com/article/120907-bullish-long-term-outlook-for-gold?source=feed#comment-394526 394526 Thu, 19 Feb 2009 01:40:30 -0500 http://seekingalpha.com/article/120907-bullish-long-term-outlook-for-gold?source=feed#comment-394087 394087 Wed, 18 Feb 2009 16:25:23 -0500 http://seekingalpha.com/article/120907-bullish-long-term-outlook-for-gold?source=feed#comment-393968 393968 Wed, 18 Feb 2009 15:16:57 -0500
However, gold-haters has dropped to new lows.]]> http://seekingalpha.com/article/120907-bullish-long-term-outlook-for-gold?source=feed#comment-392253 392253 Tue, 17 Feb 2009 12:49:35 -0500
There are just too many variables to be reckoned with which occur outside of the USA. Without Insurance, you are just an accident waiting to happen.]]>