American in Paris

Record Volumes in Gold Market Indicate a Gold Top

Gold worshippers said the same thing in the early 80s. They are wrong and you will probably be so as well.

:)


On Dec 10 09:19 AM tmosley wrote:

> Three words: not bloody likely.
>
> Increases in short positions in COMEX are an attempt by a very few
> banks (such as JPMorgan Chase--notorious for shorting gold and silver)
> to suppress gold prices and save them from having to deliver physical
> metal to the increasing number of investors who are demanding delivery
> of actual gold. I would explain the sell-off in GLD as happening
> as COMEX has begun to "deliver" GLD paper rather than actual bullion.
> and due to GLD's draconian rules on delivery (requiring something
> like a half ton of gold to be redeemed at a time) forces those investors
> stuck with shares to sell them and attempt to buy actual bullion
> from retail firms. One would predict that this would cause the spot
> price of gold to go down, while driving the premium on actual gold
> bullion up, while creating shortages due to higher demand. Indeed,
> that is EXACTLY what we have seen.
>
> Those holding physical bullion need not fret. Rather, those holding
> paper are going to be in for trouble, as the market finally starts
> to price the difference between paper and gold. The Philosopher's
> Stone has turned out to be nothing more than a beggar's lucky trinket.
> There is still time to get in on this trend. Take delivery of physical
> bullion. Don't take the chance on owning paper in the tungsten industry.

The CDS Rally Is Over

Might also delay your retirement for twenty years ....


On Jun 04 10:06 AM doubleguns wrote:

> Who is selling the CDS's. Seems a really good short opportunity.
>
>
> I hope if this is AIG at this again we LET THEM FAIL if it goes bad
> this time.
>
> Bailing out AIG could be the trigger that starts the taxpayer revolution.