SB

6 Comments

    • ON: Sat Sep 6th 04:16 AM
      Commented on:
      Gold Futures' Dirty Secret (Part I)
      Think-About-It - What I meant was the premium people are paying, which is alot more than the justifiable time-price difference. So one can buy the near month contract very close to epiry and take delivery (this will only work if there is compulsory delivery on all open positions on expiry - I don't know whether US Exchanges enforce compulsory deliveries)
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    • ON: Thu Sep 4th 07:38 AM
      Commented on:
      Gold Futures' Dirty Secret (Part I)
      Theoretically can't one go to the futures market and buy Gold and wait till the expiry of the contract to get delivery. You'll get physical Gold at the price of Paper Gold. Can someone tell me why is that not happening for if it were then the price difference would not exist
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    • ON: Wed Aug 27th 07:29 AM
      Commented on:
      The Disconnect Between Supply and Demand in Gold and Silver Markets, Part II
      According to the WGC, “net investment demand in Vietnam in the first half of 2008 totaled 56.8 tons, already outstripping the 56.1 tons recorded for the whole of 2007.”

      Does that have anything to do with the fact that Vietnam has double digit inflation and the Vietnamese govt. have put restrictions on the ownership of gold.
      View article »
    • ON: Wed Aug 27th 06:46 AM
      Commented on:
      The Disconnect Between Supply and Demand in Gold and Silver Markets, Part II
      Conrad - you say - Meanwhile, the COMEX fantasy price, supposedly, dropped into the $800s and even, temporarily, into high $700s, during that time period. Now, a lot a market participants feel that they have the right to buy at that price, because that’s the “spot” price. But, can they? A lot of people are paying premiums above so called “spot”

      You can go long on any of these "Fantasy" exchanges and if you keep your position till the expiry of the contract usually every alternate month, you will be alloted the metal at the price you booked it at. The Comex contract is 100 oz. but there are alternatives the DGCX (UAE) is 32 Oz. In India they have contracts for a 8 gram coin on the MCX apart from the regular 1 Kg and 100 Gram bars. If your position is open you have to take the delivery or face stiff fines on default. So this is actually a reality market which unfortunately maybe manipulated by a few big banks.
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    • ON: Fri Mar 28th 04:52 AM
      Commented on:
      Is the Gold Rally Really Over?
      I don't think Ben Bernake is dumb, I think he is being forced into it by an even dumber boss.
      View article »
    • ON: Sat Nov 17th 02:10 AM
      Commented on:
      The COT Report and an Emerging Uptrend
      The chart is a month old, the latest is 11/13/07
      View article »
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