Dollar Weakness Masked By Gold Rout [View article]
Nice, someone that gets it instead of the usual mouthy, margin guys that know next to nothing. I have a lot of 1700 and 1800 physical, no worries, just wish I could liquidate more things faster to buy more physical while it's still on sale
FED, IMF, CFTC, GS, MS, Citi etc ...are all in concert moving PM spots prices lower. They are doing it with HUGE paper puts. They know where floors are, because they set them there! Soon as they take their hands off PMs, prices will again seek their true level. Sharply higher!
Very interestingly, this is what the early 20th century book "WIZARD of OZ" is actually about. Central bank allegory, not children's tale.
Gold: Double Bottom Or Double Trouble? [View article]
You say some own it for this reason and others for that reason,
IF YOU DON'T HAVE ACTUAL METAL IN YOUR HAND, YOU DON'T OWN ANYTHING BUT A PIECE OF PAPER...... As in hey Mr Corzine where's the money ???, or what do you mean being a GM bond holder is now meaningless for the greater good, etc.
The Future For Gold Supply Looks Grim: An Opportunity For Gold Investors [View article]
I view this as a time not to panic and sell my 1700 & 1800 physical, but as a time to be grateful for the opportunity to buy physical at near the miner's actual cost.
Physical is 1:1 and paper is 100:1 which makes the manipulation possible in the first place. My physical and your physical is NOT available to be "leased: out". The more physical that gets delivered, the less available for "leasing". The very concept of which seems criminal to me.
I don't know much about economics, certainly not as much as the Bernank, but what I do know is that when getting physical delivery is getting harder and harder due to increased demand and at the same time the price plummets to near actual production cost, I can smell the fear in those capable of manipulation on this scale.
The signs are serious enough that it's time to empty the safe deposit boxes BEFORE the bank holidays and bail in's.
Commodities are lit up bright red as weak economic data (here and in China) is a good excuse to end the bounce of the last few sessions. Gold (GLD -1.8%), Silver (SLV -3.6%), WTI Crude (USO -2.6%). Copper (JJC -3.3%) moves to its lowest level in about 18 months at $3.08/lb. The metal hasn't had a 2-handle since the start of 2011. Broad commodity gauge (DBC -1.8%). [View news story]
Outflows from gold ETPs have hit a record 159 metric tons so far this month, bringing YTD outflows to 319mt or 12% of holdings at the year's start. As comparison, gold inflows for all of 2012 were 279mt. The largest of gold ETFs, State Street's (STT) SPDR Gold Trust (GLD) has seen outflows of 11% this month to 1,083mt. [View news story]
I'm happy with my 1700 & 1800 physical, delighted to add at these prices and most of all happy that I don't have to worry about central bank, gold bank, JPM, GS, etc. shenanigans and can focus on what I do for a living, confident that the proceeds of my work are safe.
There was some game show (The Weakest Link ?) where the contestant would pile up dollars, but only got to keep any of it when they said "bank it". That is exactly how I feel about physical gold.
I now feel like ANYTHING that isn't physical PM's, can be stripped away from me by BB and the criminal financial system.
BB not going to Jackson Hole, due to earlier commitment ? WTF ??? That's jaw dropping ! Can the end of the road be upon us ?
The WHO song "I'm Mobile" seems like the fitting theme song to the times we find ourselves in.
The bounce in precious metals continues, gold (GLD) +1.6% and silver (SLV) +2.1% as buyers of the physical apparently used the rout to load up and - if anything - global central banks are leaning towards even easier monetary policy. A survey shows low bond yields are no longer doing it for central bankers and they're now looking at loading their balance sheets with equities. [View news story]
The other thing disappearing incredibly fast is ACTUAL PHYSICAL METAL, although there seems to be no shortage of shortable paper metals.
Peter Schiff Has It Totally Backwards - Gold Is Not Going 'To The Moon' [View article]
Dollar Weakness Masked By Gold Rout [View article]
The Future For Gold Supply Looks Grim: An Opportunity For Gold Investors [View article]
http://bit.ly/10qsVeK
FED, IMF, CFTC, GS, MS, Citi etc ...are all in concert moving PM spots prices lower. They are doing it with HUGE paper puts. They know where floors are, because they set them there! Soon as they take their hands off PMs, prices will again seek their true level. Sharply higher!
Very interestingly, this is what the early 20th century book "WIZARD of OZ" is actually about. Central bank allegory, not children's tale.
Gold: Double Bottom Or Double Trouble? [View article]
IF YOU DON'T HAVE ACTUAL METAL IN YOUR HAND, YOU DON'T OWN ANYTHING BUT A PIECE OF PAPER...... As in hey Mr Corzine where's the money ???, or what do you mean being a GM bond holder is now meaningless for the greater good, etc.
The Future For Gold Supply Looks Grim: An Opportunity For Gold Investors [View article]
Physical is 1:1 and paper is 100:1 which makes the manipulation possible in the first place. My physical and your physical is NOT available to be "leased: out". The more physical that gets delivered, the less available for "leasing". The very concept of which seems criminal to me.
I don't know much about economics, certainly not as much as the Bernank, but what I do know is that when getting physical delivery is getting harder and harder due to increased demand and at the same time the price plummets to near actual production cost, I can smell the fear in those capable of manipulation on this scale.
The signs are serious enough that it's time to empty the safe deposit boxes BEFORE the bank holidays and bail in's.
Short Gold For The Long Haul [View article]
The paper is about to fall by the wayside.
Personally I'm a physical holder so I sleep well every night.
I hope my reasons for being physical are paranoid, but I seriously doubt it.
Gold: Where Are We Now? [View article]
It's time to "Duck & Cover"
the dollar dumping is already underway, take your seat and strap in while you still can
Commodities are lit up bright red as weak economic data (here and in China) is a good excuse to end the bounce of the last few sessions. Gold (GLD -1.8%), Silver (SLV -3.6%), WTI Crude (USO -2.6%). Copper (JJC -3.3%) moves to its lowest level in about 18 months at $3.08/lb. The metal hasn't had a 2-handle since the start of 2011. Broad commodity gauge (DBC -1.8%). [View news story]
What Does The Gold/Silver Ratio Tell Us Now? [View article]
Outflows from gold ETPs have hit a record 159 metric tons so far this month, bringing YTD outflows to 319mt or 12% of holdings at the year's start. As comparison, gold inflows for all of 2012 were 279mt. The largest of gold ETFs, State Street's (STT) SPDR Gold Trust (GLD) has seen outflows of 11% this month to 1,083mt. [View news story]
Gold: Where Are We Now? [View article]
Gold: Where Are We Now? [View article]
I'm happy with my 1700 & 1800 physical, delighted to add at these prices and most of all happy that I don't have to worry about central bank, gold bank, JPM, GS, etc. shenanigans and can focus on what I do for a living, confident that the proceeds of my work are safe.
There was some game show (The Weakest Link ?) where the contestant would pile up dollars, but only got to keep any of it when they said "bank it". That is exactly how I feel about physical gold.
I now feel like ANYTHING that isn't physical PM's, can be stripped away from me by BB and the criminal financial system.
BB not going to Jackson Hole, due to earlier commitment ? WTF ??? That's jaw dropping ! Can the end of the road be upon us ?
The WHO song "I'm Mobile" seems like the fitting theme song to the times we find ourselves in.
The bounce in precious metals continues, gold (GLD) +1.6% and silver (SLV) +2.1% as buyers of the physical apparently used the rout to load up and - if anything - global central banks are leaning towards even easier monetary policy. A survey shows low bond yields are no longer doing it for central bankers and they're now looking at loading their balance sheets with equities. [View news story]
Gold: Where Are We Now? [View article]
Good Riddance To The Weak Hands Selling GLD Shares [View article]