Author: gork

Thank You Jamie Dimon for Illegally Smashing the Gold Price Again   [Copy link] 中文

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Post time 2013-6-24 22:38:41 |Display all floors
The markets (all of them) continue to defy logic. That is, if you assume that they're not being massively rigged.

Watch out for a big, one-off revaluation of gold much higher. Crude oil fell from $147 to $30 in just six months after hitting its peak in Jul2008, only to rebound to $100. Oil prices are fundamental to the inflation that they want. Gradually rising prices attract buyers. A big, one-off revaluation would lock them out and would also explain why they're herding sheeple out of precious metals. The dual gold price mimics that of the 1960s when gold shot up higher. The dumping of ETFs could be necessary because they simply don't hold the gold they claim they have.

Some gold-bugs have been specualting about a one-off revaluation for some years, figuring that it's the only way to transition to the new monetary World order. In the meantime, nations are redistributing gold to their central banks. Germany's request for a mere 300 tonnes of gold from the NY FED will take 7 years, probably not due to an inability to deliver such a relatively small amount, but because they want to delay the new monetary World order.

Such a revaluation may come before the US has paid back all the gold they hold of other nations at the NY FED, because, as the pro-bankster Daily Telegraph has threatened, the mining companies could sell forward the gold at today's low prices as they did in the 1990s and even if it is below the cost of production. After all, in recent years, the outright criminality of the bankrupt and insolvent "biggest villain in our age" (Xinhua) has exceeded all expectations, not in how outrageous they've been, but in how flagrant their crimes have been. Zero interest rates first trialled by Geithner in Japan, can only be described as the Great Depression tragedy repeating as farce. Mind you, the native Americans would probably not be suprised. In fact, reducing gold production could be another scheme to delay the NMWO.

Analysts at Westhouse in London said goldminers’ average all-in cash costs would be about $1,100 per oz produced this year, “suggesting limited potential for a prolonged period of [price] weakness below US$1,200/oz”.
- Gold miners face writedown pressure

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Post time 2013-6-25 15:14:41 |Display all floors
It's a farce that interest rates are near zero. It's a farce that gold has been hammered to below the cost of production for some mines.

Talk of QE tapering is merely jawboning the market. Even if true, it would require the US Treasury to stop issuing bonds, otherwise interest rates would rocket higher. That would mean sound money and the US no longer flooding the World with its fiat currency; the end of dollar hegemony. Germany balanced her budget last year at 0.1% of GDP. Japan says she will achieve this in 2019 and the UK in 2017. Already the euro is used in over 40% of international trade whereas the dollar is used in less than a quarter. China now trades with Australia, Japan and soon New Zealand (all US satraps and probably Russia, Iran etc. too) without using dollars.
This means a new gold standard is the only viable option. Any over-printing would weaken the currency, so competing currencies will become backed by gold to lower credit ratings. So whilst any tapering of QE would be bearish for gold in the short term, it would be heavily bullish in the longer term to cover the monetary base 100% with gold reserves. But then interest rates are going to remain negative for at least two decades to defraud Baby Boomers of any return on their pensions with the ERISA law. Under the 100% backed gold standard, interest rates remained in a channel between 2% and 6% for an "extended period".

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Post time 2013-6-25 15:44:42 |Display all floors
This post was edited by greendragon at 2013-6-27 11:42
shengshi Post time: 2013-6-24 17:04
You can buy physical gold and sell London gold at the same time if you're obsessed with gold.
1. You suggest SHORT SELLING gold in the LME?
2. Seems like a good idea.
3. Buying Physical gold in Shanghai to hedge?

Anybody with US$150 billion will make a tidy sum.

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Post time 2013-6-25 15:48:40 |Display all floors
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Roach Exterminator

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Post time 2013-6-25 15:55:20 |Display all floors
zglobal Post time: 2013-6-25 15:48
Physical gold..... is the best bet there is right now....

Duck!

Shengshi is correct, SHORT the darn market in LONDON, and buy PHYSICAL GOLD in Hong Kong, or Shanghai

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Post time 2013-6-25 16:34:26 |Display all floors
This post was edited by shengshi at 2013-6-25 16:37
greendragon Post time: 2013-6-25 15:44
Master Shengshi

1. You suggest SHORT SELLING gold in the LME?

London gold can trade by margain deposit. Buy or sell the split is about 0.006 .
I doubt you don't know this trade. In theory if it's a yoyo situation both directions in different account can make money. Why buy physical gold? The risk is on the leveraged ratio . Must keep it low enough you can afford to lose
A system that cannot nip greed in the bud, this system becomes the breeding ground of crime.

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Post time 2013-6-26 12:07:09 |Display all floors
This post was edited by greendragon at 2013-6-27 11:41
shengshi Post time: 2013-6-25 16:34
London gold can trade by margin deposit. Buy or sell the split is about 0.006 .
I doubt you don't  ..learning from you and duck now.
buying on leverages are darn to risky - mostly based on rumours - access to the main players with the biggest credit <often face to face with the STATE and REGULATORS since "gold" is the currency of last resort> or else floating around based on LUCK.

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