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callmejoe

ACore Group
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Posts posted by callmejoe

  1. http://www.zerohedge...ld-new-york-fed

    It Begins: Bundesbank To Commence Repatriating Gold From New York Fed

     

    ....... this is a momentous development, one which may signify that the regime of mutual assured and very much telegraphed - because if the central banks don't have faith in one another, why should anyone else? - trust in central banks by other central banks is ending.

     

    Much more importantly, it is being telegraphed as such, with Buba fully aware of just what the consequences of this .... repatriation will be in a global monetary arena....

  2. http://kingworldnews...k_The_Yuan.html

    Diplomat inadvertently reveals China amassing gold to shore up the yuan

     

    EXCERPT

    Today acclaimed money manager Stephen Leeb stunned King World News when he said he was recently speaking with a Chinese diplomat and the diplomat accidently admitted to him that China was accumulating gold specifically to back the yuan. This was a shocking admission and the diplomat then attempted to backtrack but it was too late.

     

    I was just speaking to a Chinese diplomat and I said to their diplomat, ‘Your two most important commodities are water and gold.’ And this diplomat said to me, ‘Yes, we need gold to back up the yuan.’ Well this diplomat realized very quickly they had made a terrible mistake in admitting that and began to back off and stated, ‘No, it’s not to back the yuan. It’s because of jewelry.’ But it was too late, the horse had left the barn so-to-speak.

  3. http://hat4uk.wordpr...gone-sovereign/

     

    GOLD FRAUD EXCLUSIVE: EU and Asian sources allege the tungsten-switch has gone sovereign

     

    ...... we are talking about an Establishment eurobank alleged to have been caught short on a fulfilment order, and using the tungsten scam to fill the gap....

     

    The ramifications of this go far beyond a pro-am retail fraud. First off, ultimate discovery of the scam is a certainty: so you’d have to be pretty damned desperate to try it on. And second, I do find it intriguing that these reports have popped out of the woodwork just when the ECB is thought to be planning some form of gold-backing for any eventual eurobond issues – should the eurozone survive. ....

  4. Clif High is predicting a sharp rise in the silver price which would lead to a disgorging of silver (adverts to sell your silver spoons etc) followed by a sharp fall (because of said disgorging). Both will be temporary and he urges people not to sell their silver.

     

    He has a link to this Max Keiser video on his halfpasthuman website:

    http://www.youtube.com/watch?v=H4IBUTHyROs

    Keiser Report: 'Crash JP Morgan' - 2nd Anniversary Special

     

     

    If you do listen to Max, turn the volume down :)

    Rob Kirby talks of $500 silver if you need some cheering up.

    Donning sunglasses to ward off the glare from their clothes might also be a good idea.

  5. http://main.omanobserver.om/node/123696

    SINGAPORE — More of the world's rich are moving their gold and other valuables away from the economic turmoil in the West to Asia, prompting precious asset shipping specialist Malca-Amit to rapidly expand its storage capacity in the prosperous region.

     

    “We have a lot of enquiries from European banks, not because they want to move the assets necessarily to Asia, but because their clients are asking them to,” said Joshua Rotbart, general manager of Hong Kong-based Malca-Amit Precious Metals Ltd.

    “The clients don't want gold held in the US or Switzerland. They want to move it here.”.....

  6. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/6_Massive_Short_Covering_%26_Buy_Stops_Triggered_In_Gold_%26_Silver.html

    Massive Short Covering & Buy Stops Triggered in Gold & Silver

     

    .......... this is massive computer buying at this point. There are just huge sums of money sloshing around the entire commodity complex. The trading is literally a case of hedge funds gorging themselves after selling last Friday.

     

    .......... We are no longer dealing with human beings .....

     

    We’re dealing with computers and the volatility they are creating in these markets is tremendous because there is no thought process to it. This is ‘Skynet’ out of control. Silver dropped 4% on Friday and today it’s already up 3.5%. The extent of the price moves are being grossly magnified by the way the computers overwhelm and swamp all of the human traders in front of them.

  7. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/6_Massive_Short_Covering_%26_Buy_Stops_Triggered_In_Gold_%26_Silver.html

    Massive Short Covering & Buy Stops Triggered in Gold & Silver

     

    .......... this is massive computer buying at this point. There are just huge sums of money sloshing around the entire commodity complex. The trading is literally a case of hedge funds gorging themselves after selling last Friday.

     

    .......... We are no longer dealing with human beings .....

     

    We’re dealing with computers and the volatility they are creating in these markets is tremendous because there is no thought process to it. This is ‘Skynet’ out of control. Silver dropped 4% on Friday and today it’s already up 3.5%. The extent of the price moves are being grossly magnified by the way the computers overwhelm and swamp all of the human traders in front of them.

  8. Jim Willie had this to say about Gordon Brown's sale of the British gold

    http://www.silverdoctors.com/jim-willie-central-bank-gold-rehypothecation-scandal-to-take-gold-to-5000oz/

    ... The Bank of England was directed to sell a huge lot of its national gold treasure between 1999 and 2002 to mark the Gold market bottom. It was not sold, but rather handed to D-Bank in order to satisfy a big margin call. They aided both D-Bank and Goldman Sachs, each heavily short and at risk. The Gordon Brown action was done with two unusual signpost markings. The sale was announced in advance, thus permitting front running by London and New York bank buddies. It was done in auction, to assure the lowest possible price. The actions set the low. But the actions bailed out D-Bank secretly.....
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