Errol

The Presidential debates will finish Hillary. There's no getting away. She will have to debate Trump live, one on one.

Trump needs to win or America is lost. Hillary is criminal ahd must not be allowed to hold office (of any kind).

Precious Metals Manipulation Worse Than Libor Scandal, German Regulator Says It may be time to shift yet another conspiracy "theory" into the "fact" bin, thanks to Elke Koenig, the president of Germany's top financial regulator, Bafin, which apparently is not as corrupt, complicit and clueless as its US equivalent, and who said that in addition to currency rates, manipulation of precious metals "is worse than the Libor-rigging scandal." http://www.zerohedge.com/news/2014-01-16/precious-metals-manipulation-worse-libor-german-regulator-says

If someone wants to sell me £50 an ounce gold I'm all for it.

It's similar to Hpc forum. You can have endless, circular debates about whether gold is a commodity/money/in a bubble etc. I've stopped bothering, tbh.

Eh? The crash hasn't happened yet. It's coming. Why are you in such a hurry?

More interesting developments ... Gold Bug Hedge Funds Collectively Report Over $183mm In New Call Option Positions On Miners While mainstream news sources continue the war against gold and gold-related investments, three of the world’s top performing hedge fund managers have been busy at work building speculative gold positions during the first quarter. George Soros, John Paulson, and Steve Cohen, who in aggregate control over $60 billion dollars, have been aggressively buying the most speculative vehicles associated with gold: call options on gold mining stocks. Bottom Line: While gold and gold mining equities in particular have become the world’s most hated investment, three of the top hedge fund managers of our generation are not only holding firm their previous gold holdings—but they are quietly accumulating tens of millions of dollars in call options on gold mining stocks. http://bullmarketthi...ions-on-miners/

So who is doing all the buying? Where is the physical going - China?

ETF outflows? People selling real, physical ounces or just paper? Are we talking about pallets of gold bricks here or just paper?

Excellent feature on recent gold moves on Newsnight. Max Keiser on top form! http://www.youtube.com/watch?v=dHBTdi7rn28

Another excellent piece from Detlev Schlichter: Gold sell-off: There is only one question that matters http://detlevschlich...n-that-matters/ I like this bit: If the gold market knows that easy money is about to end, how come the other markets haven’t got the news yet? Do we really believe that stocks would be trading at or near all-time highs, the bonds of fiscally challenged nations and of small-fry corporations would be trading at record low yields, if the end of easy money was around the corner? To justified the lofty valuations of these markets on fundamentals, one would have to assume that they no longer benefit from cheap money but instead have again become the efficient-market-hypothesis’ disinterested, objective, reliable, and forward-looking barometers of our economic future, and of a bright future indeed, in which apparently all our problems – cyclical, structural, fiscal, demographic- have now been solved, so that the central bankers can pack up the emergency tool kit and gold can be sent to the museum. – Well, good luck with that.

Another great article by Detlev Schichter (this time with a hefty section on ownership of gold etc): Some personal thoughts on surviving the monetary meltdown http://detlevschlichter.com/2012/11/some-personal-thoughts-on-surviving-the-monetary-meltdown/ My three favourite assets are, in no particular order, gold, gold and gold. After that, there may be silver, and after a long gap of nothing there could be – if one really stretches the imagination – certain equities or commercial real estate.

1968 memo from the BOE archives sent by the Bank of England to the Federal Reserve reveals that the Fed sent at least 172 bad delivery gold bars to London in the late 1960′s for safekeeping for the German Bundesbank as repayment for swaps. The memo also indicates that the Bank of England was willing to keep the discovery private due to the fact that the gold was to be held for the Bundesbank Exclusive: Bank Of England To The Fed: "No Indication Should, Of Course, Be Given To The Bundesbank..." http://www.zerohedge.com/news/2012-11-09/exclusive-bank-england-fed-no-indication-should-course-be-given-bundesbank

Ah, now we get the old 'alchemy' stories. lol.

Erm, most of the posters on the gold thread? Nothing would surprise me. Gold could just as easily drop to $500 as rise to $2000. The central banks are working to cap it below $1650.