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filipo

filipo
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  • Has China Manipulated The Gold Market? [View article]
    fish,
    "To me this is simple fraud, but is allowed because it serves certain purposes. "
    Yep..
    Legalized criminality..
    Jul 25, 2015. 05:18 PM | 1 Like Like |Link to Comment
  • Has China Manipulated The Gold Market? [View article]
    Would it make sense if China first advices his people to hoard gold and then orchestrates this smash down of the gold price ?

    I think not, especially not in view of the already shaky state of the Chinese investor in equities that collapsed by some 30% in a few weeks.
    Unless of course the author assumes the Chinese have a large sense of auto-destruction.

    I think it's rather US hedge funds who are responsible for the smash-down of the gold price and this is evidenced by the historic net short position of these hedge funds:
    http://bit.ly/1CZPC1Q

    The mistery remains who's behind these hedge funds, but I have reason to believe Western CB's are.
    Jul 25, 2015. 06:01 AM | 8 Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    CA,
    Re that number, I remember someone commenting on this forum some 7 years ago when they talked of QE1 who said: "Wake me up when they start QE north of $10T".

    I forgot his name, but I recall the words.

    BTW, I should start reading The Age of deleveraging by AG Shilling that I bought last year. Haven't got the time. Shame on me. So much to read..
    Jul 24, 2015. 05:52 PM | Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    ST,
    Not saying it's his responsibility. Just asking the Q.
    Might have been the GOP who did everything possible to hinder him achieving anything.
    Jul 24, 2015. 05:46 PM | 2 Likes Like |Link to Comment
  • Sentiment on gold sours further [View news story]
    Hedge funds net short:
    http://bit.ly/1CZPC1Q
    Jul 24, 2015. 05:42 PM | 3 Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    CA,
    Could be, but I just don't see that infrastucture based buildup concretizing in Europe anytime soon.
    France ? Germany ? Italy ? Spain ? Where to start and with whose permission ?
    The Silk Road is a different matter. After they'll have cleaned up the mess they're in now, I indeed see the Chinese able to do exactly what they've done after their 2008 stock exchange bust: the SHCOMP fell from 6000 to 2000 in no time and then recovered 150%. What we see now is that episode revisited but in a lesser degree... so far.
    http://bit.ly/1CZNreA

    US infrastructure needs to be rebuilt, but will it ? I had the impression when Obama came to power that he was going to perform where others had failed: "we need to build new roads, bridges..." I can still hear him say it.
    How come he failed too ? I have no answer.
    Jul 24, 2015. 05:28 PM | Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    Trend,
    If you want to invest in Coca-Cola, you better start drinking the stuff first.
    If people only buy the shares and not the stuff, Coca-Cola gets bankrupt.
    That's what's happening with the miners: everybody buys the mining companies' shares and nobody buys physical gold.
    That's bound for disaster.
    Jul 24, 2015. 05:03 PM | Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    CA,
    I won't contradict you.
    The US has poor reserves, apart from their intellect, but in a deflationary bust that is hardly appreciated by the rest of the world, I'm afraid.
    Talking of that Silk Road, that is the biggest missed opportunity of the Obama Adm. as far as I can judge.
    The US should have joined in that AIIB or else made the Chinese-Russian coalition a non-event by skillfully interfering.
    I know, it's easy to criticize from a distance and the Chinese aren't easy to deal with, but better join them if you can't beat them.
    If ever there will be growth the next decade, it will be there, I'm afraid, not in Europe, not in the US.
    Jul 24, 2015. 04:57 PM | 1 Like Like |Link to Comment
  • Gold Panic [View article]
    danis,
    "Bought some mining stocks near the end of the panic on Monday,"

    I suppose you buy Coca-Cola stocks and don't drink the liquid, do you ?

    You are foolish.
    Jul 24, 2015. 04:43 PM | 1 Like Like |Link to Comment
  • Parallels Between Oil In 2014 And Gold In 2015 [View article]
    Why does no one in the main stream media have attention for the world record high number of short positions on Comex ?
    The highest number ever: 179,000 contracts which means they're supposed to deliver 324 Tonnes over time.
    All this is a scam made up by CB's to frighten the sh** out of every gold bug:
    http://bit.ly/1JyQl7b


    They want to shake out the weak hands and recover whatever physical gold they can.
    Jul 24, 2015. 04:38 PM | 3 Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    Soon, they'll throw a golden pen at our head when we fill up the tank at the petrol station, like in the sixties..
    Jul 24, 2015. 08:25 AM | Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    CA,
    I need to see blood running in the gold mining industry before I'll contradict you.
    Jul 23, 2015. 10:12 PM | Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    CA,
    Yes, it all started with capital outflows in combination with an overheated equity market and housing bubble.
    Still, Chinese are sitting on a cash savings stash of around $27 trillion and that represents quite a buffer one shouldn't neglect when speaking about China.
    Besides, don't forget the $4.7 trillion of FX reserves the Chinese govt. already uses now to stop the bleeding.
    And they have their own methods that look very convincing :)
    Jul 23, 2015. 10:06 PM | 1 Like Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    CA,
    On the other end of the spectrum, there's, among others, Fred Hickey, The Return of Stagflation.
    He sees inflation everywhere, most notably in particular asset classes like high end Art, food, beef, University tuitions...
    Which is undeniable, but whether it has enough impact to offset the deflationary forces remains to be seen.

    Still, deflation causes strong political and social imbalances like we experience almost daily in Europe (Greece) and in such an environment, gold should thrive, I would think. Ask any Greek -or German- whether he's been buying gold lately because of the monetary stress and he'll ascertain.
    Jul 23, 2015. 09:53 PM | 1 Like Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    QP,
    I highlight from that letter:
    "And that’s the problem: Many of you gold bulls are driven by your political beliefs, not a realistic assessment of what’s going on in today’s markets and economy. "

    A realistic assessment is that there are a hefty 324 tonnes of gold shorting contracts on Comex who are desperate to make no loss:

    http://bit.ly/1JyQl7b
    Jul 23, 2015. 04:52 PM | Likes Like |Link to Comment
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