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filipo

filipo
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  • 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
  • Gold Makes New Bear Market Lows [View article]
    QP,
    The bloodbath you're talking about is only the share price plunging.
    I want to see real blood, miners going bust, really bust, not just filing for ch 11.
    Jul 23, 2015. 04:45 PM | Likes Like |Link to Comment
  • Gold Panic [View article]
    Excellent article.
    Jul 23, 2015. 04:42 PM | Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    QP,
    "Weakness can be found wherever you look in gold. "

    It is your moral duty to depress gold, I understand that.
    But have you thought of the never before seen record high short positions on gold ?
    Does that not make you scratching your head ?

    http://bit.ly/1JyQl7b
    Jul 23, 2015. 04:36 PM | Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    QP,
    I'm not questioning your overall outlook, but 1 detail caught my eye:

    "another correction in China’s stock markets"

    Seems unlikely now that Beijing seems to have understood that enough (correction) is enough:

    http://bit.ly/1VBOMym

    Looks like they made their anti-plunge team..
    Jul 23, 2015. 04:29 PM | Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    mike,
    "and that is why we will see US pulling the rest of the world with it."
    You sure wear rosy sunglasses.

    "As soon as the Fed raise the rate , metals will go up and $ will start going slowly lower."
    Not sure I understand your logic..
    Jul 23, 2015. 04:20 PM | Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    greg,
    Yes, but they keep on producing under Chapter 11:
    http://bit.ly/1VBL9su
    Again, I want to see half of the global gold mining industry to go bust and above all I want global production levels to fall by at least 25%.
    Too many people buy miners, not enough buy gold (Too many chiefs, not enough Indians).
    I don't blame them, they hope for the hedge-effect, but by acting so egoistically, they rely on the tiny minority who buy physical and who are in fact the ones who finance the gold miners.
    No physical > no decent gold price > no rich miners.
    Jul 23, 2015. 04:15 PM | Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    bogi,
    All I know about ANV is that they filed for Chapter 11.
    I haven't heard a word that they wouldn't be operational anymore yet, have you ?
    http://bloom.bg/1VBHydH
    But suppose they stopped production, just face it: global 2014 production at over 3,000 tonnes was record high. This is not something to go by lighthartedly, even if one assumes that only represents 2% of overall supply. These 2% are 2% too much, especially since year after year the global stash increases. It says a lot when these 2% stay 2%.
    I want more miners to give up. I want to see a bloodbath among miners.
    Jul 23, 2015. 04:01 PM | Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    CA,
    Here is an interesting idea that caught my attention. It might have been written by you, but it's actually from the hand of Lacy Hunt:

    http://bit.ly/1VBF13s

    I guess you agree with this author.
    Jul 23, 2015. 03:51 PM | Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    grant, silly me..
    Jul 23, 2015. 03:34 PM | Likes Like |Link to Comment
  • China's Gold Reserves: A Strong Dose Of Reality [View article]
    James,
    "My point is that you don't need lots of gold to be in the "club.""

    In essence gold held by CB's serves as a catalyst to limit the nations' indebting appetites.
    I agree that the "club" for the moment wants more debt than wisdom, hence less gold -although, again, they didn't sell the last 5 years- is their stance.
    But that can change.
    If f.i. the debt bubble bust would suddenly explode, world leaders might discover the beauties of gold again. These things operate in cycles, like fashion..
    Jul 23, 2015. 03:10 AM | Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    mike,
    "The housing data today in US"
    2007 revisited..
    Can Lehman Br° go bankrupt twice ?
    Jul 22, 2015. 04:53 PM | Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    bogi,
    Wait for the first gold miners to go bust.
    Until now, depressive to say, they thrive:
    http://bit.ly/1JySD6n
    Jul 22, 2015. 04:52 PM | Likes Like |Link to Comment
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