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filipo

filipo
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  • 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 BrĀ° 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
  • Gold Makes New Bear Market Lows [View article]
    gel,
    I won't go into miners until I've seen a few of them merge or go belly up.
    Jul 22, 2015. 04:41 PM | Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    Ben,
    Well, if brokers do that, they're insane.
    Q is however, if those 57 tonnes of gold sold passed through the hands of brokers. It seems to me that the entity large enough to cough up $2.7bn doesn't need a helping hand of a broker whatsoever.
    Jul 22, 2015. 04:35 PM | 1 Like Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    Contrarian,
    Could be, although it appears there were 2 different smashes (double whammy) in the space of those 2 minutes: one affected NY, the other Shanghai, combined a hefty 57 tonnes:
    "sellers dumped 7,600 contracts covering 24 tonnes on the Globex exchange in New York in a two-minute span after it opened late on Sunday night.
    A further 33 tonnes were sold at almost exactly the same time in Shanghai. The combined hit of 57 tonnes in such a short period is an extraordinary event in the world's relatively small gold market. ..."
    http://bit.ly/1JyQnMo

    and all that concerned paper gold, of course. No wonder the number of gold shorts are at record high. No wonder premiums in India and China for physical gold surged strongly:
    http://bit.ly/1JyQl7b

    Besides, on Friday, before the crash, gold was doing fairly well at around $1,150. No need to trigger any algo's I'd say.
    Jul 22, 2015. 04:32 PM | 1 Like Like |Link to Comment
  • China's Gold Reserves: A Strong Dose Of Reality [View article]
    James,
    ... as did the majority if not all of the Western countries: they sold a great part of their gold to raise money to pay off their debts.
    ST that looks a very wise move. LT, it means we're selling the table silver which isn't such a wise move.
    Once a nation is sold out, the Q arises how future debts will be paid.
    Maybe we'd be better off if we simply would not get indebted at such a high level: the Austro-German stance, you know.
    Jul 22, 2015. 04:16 PM | Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    Ben,
    If some debt remains anyway, why then not wait and spread the sale over a longer period of time, say, some hours, to give the market time to digest the supply ?
    Nobody forces you to do the sale in just 2 minutes ??
    Jul 22, 2015. 09:00 AM | Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    fish,
    Thanks for replying in such an elaborate way.
    I told you mine is more like 5% followed by a 0, though it might be less now.
    Apart from the estate I live in, I own no real estate. Well, I have been sponsoring the kids and hence I expect them to be grateful and grand grandpa a living space when I go by.
    I haven't been adding gold since quite a time, but at these depressed levels, my fingers are itching to add some more.
    Since I think there's a link between oil/gold prices, I might wait till the WTI gets another hit at sub $55 before coming in action.
    At sub $55 a lot of shale oil producers get in trouble.
    If that price stands for a while, they might be forced to close down givin' rise to the oil price at year's end. Still can't believe oil will stay this low for more than a year.
    Jul 22, 2015. 08:55 AM | Likes Like |Link to Comment
  • China's Gold Reserves: A Strong Dose Of Reality [View article]
    James,
    "Great Britain is in the club and it got rid of all of its gold."
    I guess you meant that as a poetic exaggeration ?
    Jul 22, 2015. 08:39 AM | Likes Like |Link to Comment
  • Gold Falls More Than 4% In Under A Minute - Here Is What Investors Need To Know [View article]
    Senna,
    Makes no sense.
    Anyone, even the most desperate, does not sell in 2 minutes at Comex closing time when activity is at the lowest.
    You can't be that desperate if you know that during the day you may get a 5% higher price if you just wait 1 hour for China to open.
    THis was a deliberate coup to smash the POG.
    Jul 22, 2015. 08:24 AM | 1 Like Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    Ben,
    "its always manipulation when gold drops.. never when it rallies hard.. "

    Well, when some entity sells $2.7 bn worth of gold futures in a couple of seconds at a moment when there is little activity (closing time on Comex) it is clear to me that (s)he did go for the lowest possible price.
    I don't know what your trading habits are, but this chap who did so wasn't looking for some profit or (s)he was a complete disoriented nut.

    When gold rallies hard, it's mostly the consequence of some short covering.
    Jul 21, 2015. 05:20 PM | 1 Like Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    fish,
    Re that 5% rule of yours, when gold goes down and equities up as has been the case the last couple of years, do you add then to your gold stash to maintain that 5%...
    or do you just keep the same amount of gold ?
    Just asking cause continuous calibrating your 5% must be quite strenuous, I think..
    Jul 21, 2015. 05:12 PM | 1 Like Like |Link to Comment
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