"Remember that none of the points you just made have changed over the past 1.5 years"
Nope, you are correct. The problems have only gotten worse. In response to that, the market correctly no longer believes paper gold is the correct hedge.
The slamdown on gold, happened after clients of ABN Amro got this letter:
“ABN AMRO, the biggest Dutch bank, has sent a letter to its clients stating that they will no longer be able to take physical deliveries of the gold they have bought through ABN. Instead they are offered money at the current market rate for gold. Basically, instead of owning a risk free, physical asset (a gold bar or a gold coin), the bank’s clients now own a monetary claim on ABN AMRO, being exposed to the bank's credit risk."
Ananthan "why would they want to manipulate the gold market?"
Are you serious? Did you actually write an article about gold and surmise that it's a tiny asset for them?
Let me walk you along. Why have central banks been buying massively? Why have people all over the warld been accumulating? Why are countries demanding repatriation if it is a tiny asset?
Here is why....because every reserve currency has eventually lost it's status. EVERY SINGLE ONE. Every fiat currency has failed. EVERY SINGLE ONE.
Now that the U.S has economically hit the skids and we are racking up debts and deficits and printing 85 bil a month to keep the braindead economy on life support, everyone with a clue is scrambling to get out of the dollar.
Are the debts and deficits a conspiracy? Is QEinfinity a conspiracy? No it's not.
Now if we get a currency crisis and gold spikes then bonds sell off. If Bonds sell off rates rise, even in the face of QEinfinity.
Then the banks are gone. So who is massively short precious metals? The banks. Who owns trillions worth of treasuries? The banks.
Let's see if the Author cares to take these questions head on or duck's them.
1) Are treasuries, the largest market it the world...being artificially manipulated by the fed's actions? I dare you to say no.
2) Does the S&P 500 and Dow etc. going in a straight line up forever now, even as Macro data continues to disappoint, represent reality? Or is it being impacted by the Fed actions? I dare you to say it is not.
So if anyone with a brain can conclude that the fed can manipulate the LARGEST markets in the world, should we not consider that they have the ability to impact the gold market?
That is what this makes this whole bull/bear debate so utterly stupid. It is like watching a Demorcrat and a Republican fighting the whole red team blue team fight and never realizing the people above them are on the same team.
The only question that actually needs to be answered is....can the fed manipulate these markets forever? The jury is still out on that one.
But good luck with the bull bear mental midget debates everyone.
The only reason it follows the bullion price is because of the mirage that if you owned it, you could actually ask for possession of it. Maybe this will help.
How To Identify Market Distortions Caused By The Fed [View article]
If you want to call destroying the middle class while the 1% print money and grab every asset for themselves "replacing the business cycle"....then it looks like they can replace it.
Should be a beautiful world for our kids to grow up in.
How To Identify Market Distortions Caused By The Fed [View article]
how is an article explaining QE's impact on the market bullish or bearish?
Even CNBC admits this market is a fraud all based on QE...and they are a 24/7 bullish infomercial.
BY the way Zerohedge is one of the few sites whose author's and followers have concluded that politically there is no red team or blue team. It's just one team. But they have bread and circuses for everyone else and let them pick teams.
Short Gold For The Long Haul [View article]
Nope, you are correct. The problems have only gotten worse. In response to that, the market correctly no longer believes paper gold is the correct hedge.
The slamdown on gold, happened after clients of ABN Amro got this letter:
“ABN AMRO, the biggest Dutch bank, has sent a letter to its clients stating that they will no longer be able to take physical deliveries of the gold they have bought through ABN. Instead they are offered money at the current market rate for gold. Basically, instead of owning a risk free, physical asset (a gold bar or a gold coin), the bank’s clients now own a monetary claim on ABN AMRO, being exposed to the bank's credit risk."
any comment on that Ananthan?
Short Gold For The Long Haul [View article]
Are you serious? Did you actually write an article about gold and surmise that it's a tiny asset for them?
Let me walk you along. Why have central banks been buying massively? Why have people all over the warld been accumulating? Why are countries demanding repatriation if it is a tiny asset?
Here is why....because every reserve currency has eventually lost it's status. EVERY SINGLE ONE. Every fiat currency has failed. EVERY SINGLE ONE.
Now that the U.S has economically hit the skids and we are racking up debts and deficits and printing 85 bil a month to keep the braindead economy on life support, everyone with a clue is scrambling to get out of the dollar.
Are the debts and deficits a conspiracy? Is QEinfinity a conspiracy? No it's not.
Now if we get a currency crisis and gold spikes then bonds sell off. If Bonds sell off rates rise, even in the face of QEinfinity.
Then the banks are gone. So who is massively short precious metals? The banks. Who owns trillions worth of treasuries? The banks.
So I will end this with a question for you.
Who owns the fed?
Short Gold For The Long Haul [View article]
Short Gold For The Long Haul [View article]
http://bit.ly/13hG51p
Short Gold For The Long Haul [View article]
Short Gold For The Long Haul [View article]
1) Are treasuries, the largest market it the world...being artificially manipulated by the fed's actions? I dare you to say no.
2) Does the S&P 500 and Dow etc. going in a straight line up forever now, even as Macro data continues to disappoint, represent reality? Or is it being impacted by the Fed actions? I dare you to say it is not.
So if anyone with a brain can conclude that the fed can manipulate the LARGEST markets in the world, should we not consider that they have the ability to impact the gold market?
That is what this makes this whole bull/bear debate so utterly stupid. It is like watching a Demorcrat and a Republican fighting the whole red team blue team fight and never realizing the people above them are on the same team.
The only question that actually needs to be answered is....can the fed manipulate these markets forever? The jury is still out on that one.
But good luck with the bull bear mental midget debates everyone.
Short Gold For The Long Haul [View article]
negative real rates coming
no way out except to inflate asset bubbles until they explode.
Yes, this sounds awfully bearish for gold.
Short Gold For The Long Haul [View article]
It's comments like yours that keep me going.
Congrats to you. You may be the most ignorant human I have come across on here.
It even seems like Abe makes my point for me above. He just keeps forgetting to insert the word "paper".
Why oh why, if PAPER prices of gold continue to fall, would Germany insist NOW that they want their gold back? Can your pea brain take a guess?
Would it be more likely that they say "hey keep that useless pile of rocks, they just keep losing value anyway"?
Same question for Texas....can you take a guess?
Never mind, don't bother. Stay clueless my friend.
Short Gold For The Long Haul [View article]
http://bit.ly/17KCtWT
Short Gold For The Long Haul [View article]
How To Identify Market Distortions Caused By The Fed [View article]
How To Identify Market Distortions Caused By The Fed [View article]
Should be a beautiful world for our kids to grow up in.
How To Identify Market Distortions Caused By The Fed [View article]
Even CNBC admits this market is a fraud all based on QE...and they are a 24/7 bullish infomercial.
BY the way Zerohedge is one of the few sites whose author's and followers have concluded that politically there is no red team or blue team. It's just one team. But they have bread and circuses for everyone else and let them pick teams.
How To Identify Market Distortions Caused By The Fed [View article]
How To Identify Market Distortions Caused By The Fed [View article]
http://bit.ly/13ZnndV
Great piece by the SA author here as well.