Update On Gold: Is This The Bottom? [View article]
I thought you might find this prediction from almost a year ago interesting - here's the link: http://bit.ly/12gVrkr So, what are you predicting? But don’t get me wrong. It is not a short squeeze that I am predicting. In a short squeeze, the paper price runs up until it draws out enough real supply to cover all of the paper. But this paper will not be covered by physical gold in the end. It will be cash settled, and it will be cash settled at a price much lower than the price of a real ounce of gold, like a check written by an overstretched counterparty. It is a tough job to make my case for the future of the $PoG in just a few paragraphs. The $PoG will fall and then some short time later we will find that the market has changed out of necessity into a physical-only market at a much higher price. If you were holding paper you will be sad. If you were holding the real thing, you’ll be very happy.
Physical Gold Demand Continues To Pick Up [View article]
Eagle are you talking about big guns like Asia that have imported over 1000 tons this year so far? We have a total disconnect happening between physical and paper. I wish I knew the mechanics of how that might translate into a higher price. Anyone know?
Randle, how do you see this disconnect between physical demand and ETF selloff playing out as per the gold price and what timeline? It seems to me that there should be an upcoming move up fairly soon if this keeps up.
Central Banks Are An Unlikely Cause Of The Crash In Gold [View article]
Geoff, of course the takedown had nothing to do with physical gold, it's all about paper. As the price fell physical buying has gone way up. There is a disconnect that will right itself.
7 Reasons Why Cyprus Is Hugely Important [View article]
yup, sell your gold - the Chinese and Russians and central banks are hoping you will. Here's en excerpt from an article by Andrew Maguire: consider that the basis of all of the mainstream media shills coming out and saying, ‘We’re in a bearish market because GLD, the ETF, has dumped around 200 tons since the beginning of the year. But what we are talking about here is China having purchased and taken delivery of over 400 tons in less than a month and a half. And since the beginning of the year (that figure) is substantially higher. It’s probably in the 800 ton range (for the Shanghai Exchange). So it just amazes me how people concentrate on what’s happening in one paper market. What we are seeing today is actually a very positive development. I think we’ve reached a point of capitulation. I cannot see how the central bank buying cannot overwhelm all of these short sales, despite the leverage.” I think I'll hold on to my physical gold long term - he who laughs last laughs best
Gold Rolls Over After Breaking Key Level [View article]
things may turn around quickly, here's a quote from Andrew Maguire: “Deliveries in Shanghai alone in March were 283 tons. In the eight trading days of April, we have seen another 117 tons (of gold) delivered. Today was another 20 tons delivered. So what we are looking at here is over 400 tons (of gold) in less than a month and a half. Eric, consider that the basis of all of the mainstream media shills coming out and saying, ‘We’re in a bearish market because GLD, the ETF, has dumped around 200 tons since the beginning of the year. But what we are talking about here is China having purchased and taken delivery of over 400 tons in less than a month and a half. And since the beginning of the year (that figure) is substantially higher. It’s probably in the 800 ton range (for the Shanghai Exchange). So it just amazes me how people concentrate on what’s happening in one paper market. What we are seeing today is actually a very positive development. I think we’ve reached a point of capitulation. I cannot see how the central bank buying cannot overwhelm all of these short sales, despite the leverage.”
here's a quote from Andrew McGuire: “Deliveries in Shanghai alone in March were 283 tons. In the eight trading days of April, we have seen another 117 tons (of gold) delivered. Today was another 20 tons delivered. So what we are looking at here is over 400 tons (of gold) in less than a month and a half. Eric, consider that the basis of all of the mainstream media shills coming out and saying, ‘We’re in a bearish market because GLD, the ETF, has dumped around 200 tons since the beginning of the year. But what we are talking about here is China having purchased and taken delivery of over 400 tons in less than a month and a half. And since the beginning of the year (that figure) is substantially higher. It’s probably in the 800 ton range (for the Shanghai Exchange). So it just amazes me how people concentrate on what’s happening in one paper market. What we are seeing today is actually a very positive development. I think we’ve reached a point of capitulation. I cannot see how the central bank buying cannot overwhelm all of these short sales, despite the leverage.”
Gold Rolls Over After Breaking Key Level [View article]
In my view gold is not a short term investment. The drop in price is like watching a flock of birds wheel in one direction - you know they will just as suddenly wheel in the other - herd mentality. The euphoria in the market and the idea that QE will slow down is utter fantasy.
the market reacts to the government baloney but in the longer run reality trumps that. And if anyone believes the government figures on inflation or the unemployment rate I've got a bridge to sell them.
go lakers, information from the government is always correct and useful, right? Just ask anyone in Cyprus - the gov. told them not to worry their deposits were safe, just before they weren't.
Update On Gold: Is This The Bottom? [View article]
So, what are you predicting?
But don’t get me wrong. It is not a short squeeze that I am predicting. In a short squeeze, the paper price runs up until it draws out enough real supply to cover all of the paper. But this paper will not be covered by physical gold in the end. It will be cash settled, and it will be cash settled at a price much lower than the price of a real ounce of gold, like a check written by an overstretched counterparty. It is a tough job to make my case for the future of the $PoG in just a few paragraphs. The $PoG will fall and then some short time later we will find that the market has changed out of necessity into a physical-only market at a much higher price. If you were holding paper you will be sad. If you were holding the real thing, you’ll be very happy.
Physical Gold Demand Continues To Pick Up [View article]
Gold: Where Are We Now? [View article]
Central Banks Are An Unlikely Cause Of The Crash In Gold [View article]
Gold: A Possible Paper Short Squeeze? [View article]
Gold Rolls Over After Breaking Key Level [View article]
Gold Rolls Over After Breaking Key Level [View article]
7 Reasons Why Cyprus Is Hugely Important [View article]
consider that the basis of all of the mainstream media shills coming out and saying, ‘We’re in a bearish market because GLD, the ETF, has dumped around 200 tons since the beginning of the year. But what we are talking about here is China having purchased and taken delivery of over 400 tons in less than a month and a half. And since the beginning of the year (that figure) is substantially higher. It’s probably in the 800 ton range (for the Shanghai Exchange).
So it just amazes me how people concentrate on what’s happening in one paper market. What we are seeing today is actually a very positive development. I think we’ve reached a point of capitulation. I cannot see how the central bank buying cannot overwhelm all of these short sales, despite the leverage.”
I think I'll hold on to my physical gold long term - he who laughs last laughs best
Gold Rolls Over After Breaking Key Level [View article]
Eric, consider that the basis of all of the mainstream media shills coming out and saying, ‘We’re in a bearish market because GLD, the ETF, has dumped around 200 tons since the beginning of the year. But what we are talking about here is China having purchased and taken delivery of over 400 tons in less than a month and a half. And since the beginning of the year (that figure) is substantially higher. It’s probably in the 800 ton range (for the Shanghai Exchange).
So it just amazes me how people concentrate on what’s happening in one paper market. What we are seeing today is actually a very positive development. I think we’ve reached a point of capitulation. I cannot see how the central bank buying cannot overwhelm all of these short sales, despite the leverage.”
Gold Nosedives Below $1,500 As ETF Holdings Free Fall, Fueling Panic Selling [View article]
Eric, consider that the basis of all of the mainstream media shills coming out and saying, ‘We’re in a bearish market because GLD, the ETF, has dumped around 200 tons since the beginning of the year. But what we are talking about here is China having purchased and taken delivery of over 400 tons in less than a month and a half. And since the beginning of the year (that figure) is substantially higher. It’s probably in the 800 ton range (for the Shanghai Exchange).
So it just amazes me how people concentrate on what’s happening in one paper market. What we are seeing today is actually a very positive development. I think we’ve reached a point of capitulation. I cannot see how the central bank buying cannot overwhelm all of these short sales, despite the leverage.”
Gold Nosedives Below $1,500 As ETF Holdings Free Fall, Fueling Panic Selling [View article]
Gold Rolls Over After Breaking Key Level [View article]
Gold: A Fresh Rally Begins Today [View article]
Gold: A Fresh Rally Begins Today [View article]
Fed To The Bank Of Japan: The Great Central Bank Easing Rotation [View article]