SEBASS

The Disconnect Between Supply and Demand in Gold & Silver Markets

Chris B. First i don't need you to tell me what i should trade and what no to trade. Second u missed the point. U.S mint has put a freeze on sales of gold cause f@cking manipulator on futures exchanges took it too low that as of now it's below cost of production. It doesn't take a genious to figure out that no one would be selling at loss, especillay if this is termporary down. If gold goes to $600-700 then gold sales from minneer will freeze causing fruther gold disruptions in the market. Imaging what that eventually do to the price. I think silver will do 2 as much gains if not more then gold. It' ratio is now at 62. OMFG. Rediculous and silver is more scares and also used as industrial product. Also dumb investor willl think looking at the price is cheaper which might draw more investment demand.

The Disconnect Between Supply and Demand in Gold & Silver Markets

F@cking crooks !!!

U.S. Suspends Sales of American Eagle Gold Coins, Treasury Says

By Vincent Del Giudice

Aug. 21 (Bloomberg) -- The U.S. Mint suspended sales of its ``American Eagle'' gold coins after soaring commodity prices led collectors and investors to deplete supplies, a Treasury official said.

Treasury spokeswoman Jennifer Zuccarelli confirmed the government notified dealers of the suspension last week.

It is the first time in two decades that the Mint halted sales of the coins, which are made of 22-carat gold from domestic mines. The coins also contain small amounts of alloy for hardening.

Gold prices soared over the past year, with the most active gold futures reaching a record $1,033.90 an ounce on March 17 as the price of crude oil increased and the dollar weakened against the euro and other currencies. Commodity prices have since retreated.

In commodity trading today, gold for immediate delivery advanced $11.72, or 1.4 percent, to $825.40 an ounce as of 12:15 p.m. in London. The metal earlier reached $827.47, the highest since Aug. 14.

American Eagle coins, introduced in 1986, are also available in silver and platinum. The suspension was reported in today's editions of The Wall Street Journal.

To contact the reporter on this story: Vincent Del Giudice in Washington vdelgiudice@bloomberg....

Last Updated: August 21, 2008 09:14 EDT

The Disconnect Between Supply and Demand in Gold & Silver Markets

"I doubt anyone has ever audited and counted the alleged bullion in all these vaults scattered around the globe."

You guys are familiar with fractional reserve banking and history of how banking started with Goldsmith being first banker. Well stored gold at the vault in exchange for paper money, however 99% of people did not withdrew (take delievery of their gold) or even needed to see their gold so he came up with 1-10 leverage and then more and more.
Bet ya that is exacly what is happening with ETF's. If each one of us took delievery of our gold and silver you would found out you hold nothing more the paper that is worthless cause scam bankers stole again form puplic. Watch Corrupt Banking System on youtube or money masters and your jaw will drop.
uk.youtube.com/watch?v...

A Warning for U.S. Dollar Bears and Commodity Bulls

There very possibly could be 10-15% price correction in gold.
I don't think no one is disputing that since charts show that in previous run ups. However EVERYONE is forgetting one important fact. The boom in economy was created by cheap oil, which is finite resource. Entire world's economy runs on oil. Wall st. exist because of cheap oil. Gold on charts for last 35 yrs have tracked oil prices. Recently Alan Greenspan has said boom in oil prices is likely to go on forever. We are at world Peak oil right now which means supply every year will be decreasing greatly, therefore prices to go up indefinitely. Read up on Hubbert’s peak. We are not in 1980 anymore where Gold crash occurred. There will be no crash this time due to peak oil and peak gold. Research both. We are entering new world and price of gold most likely will go up at the same rate as oil price. If you disagree with my statements I suggest you watch a documentary called Crude Awakening on video.google.com. Good luck to all.