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  • Another Official Gold Declaration In China - What's Going On With Chinese Gold Holdings? [View article]
    The FED ( as regulator) has given annual extensions to the said banks from the Dodd Frank bill every year now till 2017 so I disagree they still prop trade.

    I would like to tap your knowledge and ask about flows,
    At 4 trillion plus the fed started talking about the flow of there balance sheet. I don't quite get it. Explain some to me please?
    Also I don't get how at $4 T plus outstanding but with only 54 billion approx. (80 to 1 leverage) the FED can raise interest rates without bankrupting themselves.
    Even just marking to market there balance sheet would be wiped out almost daily, does this matter?
    Final question-- With at least a 5 trillion carry trade coming back to the dollar , the fed would have to QE how much to weaken the US currency?
    I guess you would have to break it into at least 3 campaign's for people to stomach it and somewhere along the way you either make it illegal to BUY gold or very very hard ( regulation is in place ). Im sure market forces would probably take care of this but I don't think any Govt wants that quote seen on financial T.V.
    NOTE: my guess a 10 Trillion balance sheet. Gold not allowed to trade .I don't think they will confiscate .
    Your comments much appreciated
    Aug 20, 2015. 06:02 AM | Likes Like |Link to Comment
  • Another Official Gold Declaration In China - What's Going On With Chinese Gold Holdings? [View article]
    MFITZ

    Banks propriety trade, a lot, they also use and run hedge funds so I wouldn't bet they don't own art. They own oil and oil tankers., really!
    And yes they most seriously do own Gold. They even have registered Gold Vaults with registered Gold in them.
    Try checking the register at comex my friend.
    As for the FED accepting collateral they accept Mortgage Backed Securities that have no clear legal right to ownership of the underlying asset and in a lot of cases no clear way of finding that asset.
    Aug 19, 2015. 05:28 AM | 4 Likes Like |Link to Comment
  • Whale Watching: Stanley Druckenmiller Makes A Large Bet On Gold [View article]
    CORRELATED HEDGES must be a typo.
    What would you hedge the dollar with Yuan?
    If you sell stocks what do you get?
    What happens when stocks go down , you think that's good for the dollar?
    What are the Risks, that's what you hedge .
    Do you want to price what you get or in volatile times get what price you can especially in size?
    A possible Theme ,also interesting. get a gold bug to give up his gold, want to sell me yours?
    Try to get a younger person to give up their darn attached at the hip phone
    and their alternative virtual life and friends.
    WFC ? try to stop that sucking sound coming toward your equity, unless they are part of the designated TBTF .
    Aug 19, 2015. 05:01 AM | Likes Like |Link to Comment
  • Gold Miners' Costs Way Under $1200, Quite Profitable At Current Gold Prices [View article]
    Gold is going lower
    It will be cheaper to mine as the biggest cost is fuel, and energy costs are going lower.
    Lower costs but lower demand The world isn't exactly bubbling along
    Companies will want to repair balance sheet so they will keep selling into downtrend.
    Possible strikes in South Africa and Indian festivities could bolster price for a while but what is missing is
    A good old fashioned stock rout
    Aug 16, 2015. 06:22 AM | Likes Like |Link to Comment
  • Whale Watching: Stanley Druckenmiller Makes A Large Bet On Gold [View article]
    Good pro Gold article. Im getting excited.
    Does Stan Druckenmiller actually run this fund? Does the family fund have a board structure or another manager.
    Governments are renowned for buying and selling especially gold at the wrong time so here we have a historic success story. Does this make him infallible?
    I wonder what kind of hedges a fund like this would use to offset all those who would follow and possible diminish their return.( Pity we cant all be Buffet and get an exception from reporting because it might move the market)
    Let me know right before he sells ok.
    Hebba what if the GLD is a hedge position against a 79 % long position; long stocks, long the dollar?
    Does this make any sense?
    I mean in this light the news is Stan Druckenmiller is still 80% long the dollar, heck he has hope Im still Stacking and Packin.
    Love your friend and comrade P

    Disclaimer Long GLD at 106 No I didn't bet the farm ( Its in foreclosure)
    Aug 16, 2015. 05:51 AM | 5 Likes Like |Link to Comment
  • Another Official Gold Declaration In China - What's Going On With Chinese Gold Holdings? [View article]
    Hebba
    For around three years you have been writing articles with a long exposure tilt
    and every time its
    "prudent that investors take the contrarian position here and build gold positions by increasing exposure to physical gold"
    So get some. chart it with a buy price and lets see how you manage that puppy.
    Trains pulling outta the station so man up.
    Don't give me the cop out 'average in' crapola because over three years you got more than an average loss.
    Now here's a disclaimer for your bias Its called the carry trade. It stands around 5 to 9 trillion dollars and it aint unwinding into gold (market is too small)
    It seems to me to be going into what used to be called the greenback but updated its green blue orange/ gold, anyhow gold is priced in this.
    So if China buys and extra 11 tonnes a month is it enough to compensate for the rise in the trusted pretty paper.
    Also this questions how good China is at timing gold .
    Yeah I can look at a price chart and tell you that gold went down for June and July
    and the bounce for August so far, well throw a dead cat off the roof.
    So an extra official 11 tonnes of buying didn't stop gold from falling
    Next point ( Can't time the market so don't try, In for the long term)
    We all time the market you buy when you have the money and you (or your estate) sell when you need the money. period.
    Disclaimer on this disclaimer I am Long gold, GLD at 106 with an appropriate stop expect JPM stop algorithm to run both ways Monday am, so I can buy some young turks lunch.
    Aug 16, 2015. 04:48 AM | 8 Likes Like |Link to Comment
  • Monetary Velocity And John Exter's Inverse Pyramid [View article]
    Please overlay the interest rate 20 or 30 year bond.
    Where to from here? Warp speed ahead
    Dec 14, 2014. 07:18 AM | Likes Like |Link to Comment
  • Monetary Velocity And John Exter's Inverse Pyramid [View article]
    Ok Im confused...... Does GDP pay back debt.
    I thought it was the part time workers in health care and food service .
    So shouldn't debt best be described as a ratio of( the solvency) the earnings of the add on adjustment for crime, drugs and other non taxable activity plus the non taxable earnings ( over 15% of the wealthy ie Buffet) multiplied by the taxable earning growth rate of Apple inc . This is known as Govt revenue.
    MY mistake I forgot the printing by FED.. This is known as Govt revenue.
    Divided by ..
    What doesn't the Govt spend money on???
    adjusted by the participation rate then divided by the average tax percentage rate
    and expressed in the number of years till the debt is payed off.
    Untill recently at a 50% tax rate it would take over 70 years to repay the debt
    But that's not the point of this strong delusion is it?
    Dec 14, 2014. 07:13 AM | Likes Like |Link to Comment
  • Insiders Are Not Buying These Gold Mining Stocks [View article]
    You did see the chart above , embedded in the article.
    Im not real sharp but if I divide 21 by 26 that's 80% . Again I think Im right to say that's a 20% loss over the 'tax loss selling season' .
    a 20 % loss is not so trivial when you factor in that it needs to increase by 30% to break even.
    To be fair last year may not have been usual but im thinking I have enough tax loss carry overs for quite a few years and I would rather pay taxes on a gain than sit on a loser for another year. Maybe that's why mutual funds sell losers.
    What is Usual lately is back to back 30-35 % drops in mining stocks the past three years .Last I looked it was at 97% probability curve something over 4.5 sigma event, should occur once in ten thousand years ( off the top of my head- please do correct)
    Nov 13, 2014. 08:13 PM | Likes Like |Link to Comment
  • Insiders Are Not Buying These Gold Mining Stocks [View article]
    Thanks for the reminder Tax loss selling makes sense .

    What doesn't make sense is insiders selling sprott phys.

    Into weakness? Probably to raise cash to buy miners (leaverage)
    Like they are not financers and able to borrow at low rates
    You got to have Gold right. Count it in ounces not dollars?

    So a perennial Gold investment team with years of experience in up and down markets loads of industry experience and success cant get it right and sells its own holdings (again, pslv)

    Insider buying / selling may indicate what that officer/insider feels about a certain price , is that able to be overcome by hedgefund selling or even central bank intervention. .. What will Japanese retirement funds buy in 2015 ...facebook?
    Nov 12, 2014. 08:37 AM | Likes Like |Link to Comment
  • GLD: 'I Am As Mad As Hell, And I Am Not Going To Take This Anymore' [View article]
    No but if he went surfing in the rain..
    Waves would be.
    Oct 27, 2014. 07:18 AM | Likes Like |Link to Comment
  • What Effect Will The ECB Have On Gold? [View article]
    just throw him from the roof
    Jun 9, 2014. 08:47 AM | Likes Like |Link to Comment
  • What Effect Will The ECB Have On Gold? [View article]
    "JPM true belief" that silver will go lower is clearly seen by the off match in cds rate swaps for the long position hedge in gold.
    The belief is when it goes down it all goes down re 2008
    Jun 9, 2014. 07:43 AM | Likes Like |Link to Comment
  • Do The Metals Have To Rally With Negative GOFO? [View article]
    Avi . The Elliot Wave Trader
    What the sentiment is worse , and the price is higher.
    Just like the bottom of a second wave no one believes it.
    Apparently not you . so what is your count (wait alternative count 1 or 2) I refer to SLV as it is a clearer picture.
    yeah sell me your physical lower please.
    I dont want the obamacare and the obamadollars that you all selling give me an ounce for a bargain
    Nov 3, 2013. 10:45 AM | 2 Likes Like |Link to Comment
  • Weekly COMEX Gold Inventories: Total Falls 3% In One Day [View article]
    Hebba.
    Does the Gold actually move when the LBMA approved repository or the comex say its moved or does title /designation
    just change?
    With Banks (TBTF) now moving out of the commodities warehousing business thanks to inquiring senators
    http://on.wsj.com/1801z1d
    What if they just redesignate it in house. Similar psychology. its not available, not at this price. But it isn't safely in the hands of a Chinese Housewife either.

    Yes I know the wsj article is about base metals but if you see a train coming.
    Oct 1, 2013. 08:09 PM | Likes Like |Link to Comment
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