cgnao

MUHAHAHAHHAHAHAHHAHAHAHA

The gold bottom is now in.

 

It will make your eyes water if you knew how much I have lost!

Yours would water even more if you knew how much I have won!

I thought your charts were showing a downward trend in the POG. Now it is upwards? What has changed to make you think POG is now in an upwards trend? Is this just election euphoria that is causing upward movements in just about everything?

 

Will POG bounce off 760 and move downwards again?

 

I'm confused! Help is appreciated.

It's just Ker's Super Sucker^TM gold trading system. Buy on strength, cristallize loss at the central-bank-chart-painted bottom, go short, whipsaw, margin call, new loss, buy on strength, repeat over and over until you go broke in the midst of the greatest gold bull market in human history.

Why isn’t the price falling on BV? I have been waiting to pick up a some cheap gold for over an hour.

 

Current Spot: £496.09

BV Price: £528.60 + BVs fees (Zurich)

 

Is this a normal spread?

You can buy cheap paper gold for much less.

I promise you won't notice the difference.

I think this may have changed since I joined over a year ago, or is it just me getting paranoid?

The fact that you are paranoid doesn't mean that you are wrong in your worry.

Remember, gold with any strings attached to prevent you from taking delivery is no good against what's coming.

Don't be a sucker. Get the real thing.

I really hope you hold the real thing, not electronic or paper promises to deliver it.

http://www.ft.com/cms/s/0/692c787e-8f50-11...00779fd18c.html

Wealthy investors drain supplies of gold by hoarding bullion bars

Published: October 1 2008 03:00 | Last updated: October 1 2008 03:00

Investors in gold are demanding "unprecedented" physical levels of bullion bars and coins and moving them into their own vaults as fears about the health of the global financial system deepen.

Industry executives and bankers at the London Bullion Market Association annual meeting said the extent of the move into physical gold was unseen and driven by the very rich.

"There is an enormous pick-up in investment demand. I have never seen a market like this in my 33-year career," said Jeremy Charles, chairman of the LBMA. "The gold refineries cannot produce enough bars."

The move comes as fears grow among investors over the losses at investment vehicles previously considered almost risk-free, such as money funds.

Philip Clewes-Garner, associate director of precious metals at HSBC, added that investors were not flying into gold simply because they saw it as a haven amid Wall Street's woes. "It is a flight into gold because it is a physical asset," he said.

"Vault staff are also doing overtime," another banker at the LBMA meeting said, adding that investors in some countries were paying premiums of up to $25 an ounce above the London spot price to secure scarce gold bars.

Spot gold prices in London yesterday traded at about $900 an ounce, more than 25 per cent above the level before Lehman Brothers' collapse. Although some traders said the rush into physical gold could boost prices, others cautioned that prices were depressing jewellery demand, capping any price gain. Industry executives said gold refineries and government mints were working at full throttle to keep up with investor demand, but acknowledged they were suffering from shortages, particularly on coins.

Johan Botha, a spokesman for the Rand Refinery in South Africa, which manufactures the Krugerrand, the world's most popular gold coin, said the plant was now running at full capacity seven days a week. "Even so, now and then we have shortages," he said.

The Austrian mint, which manufactures the Vienna Philharmonic, a popular gold coin in Europe, said it had extended work to the weekends to accommodate soaring demand.

Last week, the US mint suspended the sale of its American Buffalo coin after it ran out of stocks.

Looks like someone doesn't want their silver any more...

You are just looking at the paper silver price. Don't be fooled.

http://www.kitco.com

In order to reflect the current strong demand for Silver Maples and Silver Eagles, Kitco is temporarily increasing its current bid (buyback) price for these particular products. Please visit our Selling to Kitco page for more details.

London PM Fix above $900 again (last was 4th August)

USD902.00

GBP488.492

EUR615.616

Breakout.

http://www.youtube.com/watch?v=yXL9AkXzlt8

I hope you guys have your silver in your dirty little hands.

When (not if) COMEX defaults, there is going to be no price.

http://online.wsj.com/article/SB1222311751...ss_markets_main

SEPTEMBER 25, 2008

CFTC Relents and Probes Silver Market

Persistent Complaints of Foul Play Draw the Still-Skeptical Agency to Investigate

With silver prices falling this past summer, silver bugs world-wide set out to prove that their metal was in short supply and market manipulation was at work. They bombarded federal regulators with hundreds of emails crying foul play and demanded answers.

Though such pleas proved futile in the past, this time the rousing chorus grabbed regulators' attention. On Wednesday, the Commodity Futures Trading Commission confirmed that there's an investigation into the silver market.

The CFTC isn't yet convinced there's systemic wrongdoing and in May published a report saying as much. But the agency decided to take a fresh look, in part to show critics that it checks out complaints, and also to make sure there isn't something new to uncover.

"We take the threat of manipulation in the futures and options markets very seriously and employ a number of measures to prevent, identify and prosecute it," said Stephen Obie, acting director of the agency's division of enforcement.

Silver investors have argued that a handful of U.S. banks have been controlling a large portion of silver's short positions -- or bets that prices will decline -- on Comex division of the New York Mercantile Exchange. Official data from the CFTC showed that two U.S. banks had increased short positions in the silver futures market between July and August by 450% and controlled 25% of the total open interest.

"The proof that this selloff was criminal lies in public data," wrote Theodore Butler of Cape Elizabeth, Maine, in August in a silver newsletter. "The concentrated sale of such quantities in such a short time" caused silver's fall, wrote Mr. Butler, who for many years has been vocal about purported silver-market manipulation. In September he reiterated to readers that they should email the CFTC.

The CFTC had argued in May that the large banks that people assailed for manipulating the market were instead acting appropriately as market makers, who take on futures positions to offset their exposure in over-the-counter markets. Therefore, these traders aren't "naked shorts" and won't benefit from long-term depressed silver prices. Many analysts agree with the agency's conclusion.

Silver stalwarts weren't persuaded. Jason Hommel, a newsletter writer based in Penn Valley, Calif., directed readers to visit their local coin shops at 2 p.m. on Sept. 2 to size up for themselves whether there was a silver shortage. From Michigan to North Carolina and beyond, he says, investors trekked to coin shops. Many reported no silver for sale.

Bart Chilton, one of the CFTC commissioners, said he has received about 700 emails from silver investors since August, far more than the estimated 100 he received from May to July. Mr. Chilton, a Democrat who has criticized the CFTC as doing a poor job communicating with consumers, says he has spent nights and weekends personally answering emails.

Historically, silver has been a volatile market. This year it saw a near-50% drop and remains down 9.5% on the year. Gold is up 6.5%. The agency has long heard from frustrated silver investors. In 2004, it published an open letter by Michael Gorham, then the agency's director of market oversight, after receiving more than 500 letters and emails from silver investors.

That the enforcement rather than oversight division is taking on the issue marks a difference from the CFTC's previous efforts regarding the silver market. The oversight division performs overall market surveillance. The enforcement division looks at activities in a specific time period.

http://www.khaleejtimes.com/DisplayArticle...eptember353.xml

Mad Rush for Gold as Prices Dip

15 September 2008

Abu Dhabi — People, mostly Asians, have been flocking to the gold markets in Abu Dhabi and Dubai to buy coins and jewellery in the last couple of days as prices of the metal have dropped by Dh15 a gram.

The shops reported up to 300 per cent more business than in the days ahead of Eid Al Fitr last year. A jewellery shopkeeper at Hamdan Street in Abu Dhabi said he sold over 5kg of gold in a few hours on Sunday and some other said customers are buying gold as though it is being offered free.

MUHAHAHHAHAHAHAHHAHAHAHHAHAHAHHAHAHAHAHAHAHHAHA

http://sdw.ecb.europa.eu/quickview.do?SERI...N.8.812A.N.U4.G

Official reserve assets, gold (including gold deposits and, if appropriate, gold swapped), volume in fine troy ounces - European Central Bank vis-a-vis Extra Euro area - Outstanding amounts at the end of the period (stocks) - Neither seasonally nor working day adjusted

2008Jul 17.156 A

2008Jun 18.120 A

2008May 18.120 A

2008Apr 18.120 A

2008Mar 18.120 A

2008Feb 18.120 A

2008Jan 18.120 A

2007Dec 18.092 A

2007Nov 19.442 A

2007Oct 19.442 A

2007Sep 19.442 A

2007Aug 19.442 A

2007Jul 19.442 A

2007Jun 19.442 A

2007May 20.632 A

2007Apr 20.632 A

2007Mar 20.632 A

2007Feb 20.632 A

2007Jan 20.632 A

2006Dec 20.572 A

2006Nov 21.312 A

2006Oct 21.312 A

2006Sep 21.312 A

2006Aug 21.312 A

2006Jul 21.312 A

2006Jun 21.312 A

2006May 21.312 A

2006Apr 23.145 A

2006Mar 23.145 A

2006Feb 23.145 A

2006Jan 23.145 A

2005Dec 23.145 A

2005Nov 23.145 A

2005Oct 23.145 A

2005Sep 23.145 A

2005Aug 23.145 A

2005Jul 23.145 A

2005Jun 23.145 A

2005May 23.145 A

2005Apr 23.145 A

2005Mar 24.656 A

2005Feb 24.656 A

2005Jan 24.656 A

2004Dec 24.656 A

2004Nov 24.656 A

2004Oct 24.656 A

2004Sep 24.656 A

2004Aug 24.656 A

2004Jul 24.656 A

2004Jun 24.656 A

2004May 24.656 A

2004Apr 24.656 A

2004Mar 24.656 A

2004Feb 24.656 A

2004Jan 24.656 A

2003Dec 24.656 A

2003Nov 24.656 A

2003Oct 24.656 A

2003Sep 24.656 A

2003Aug 24.656 A

2003Jul 24.656 A

2003Jun 24.656 A

2003May 24.656 A

2003Apr 24.656 A

2003Mar 24.656 A

2003Feb 24.656 A

2003Jan 24.656 A

2002Dec 24.656 A

2002Nov 24.656 A

2002Oct 24.656 A

2002Sep 24.656 A

2002Aug 24.656 A

2002Jul 24.656 A

2002Jun 24.656 A

2002May 24.656 A

2002Apr 24.656 A

2002Mar 24.656 A

2002Feb 24.656 A

2002Jan 24.656 A

2001Dec 24.656 A

2001Nov 24.656 A

2001Oct 24.656 A

2001Sep 24.656 A

2001Aug 24.656 A

2001Jul 24.656 A

2001Jun 24.656 A

2001May 24.656 A

2001Apr 24.656 A

2001Mar 24.656 A

2001Feb 24.656 A

2001Jan 24.656 A

2000Dec 24.030 A

2000Nov 24.030 A

2000Oct 24.030 A

2000Sep 24.030 A

2000Aug 24.030 A

2000Jul 24.030 A

2000Jun 24.030 A

2000May 24.030 A

2000Apr 24.030 A

2000Mar 24.030 A

2000Feb 24.030 A

2000Jan 24.030 A

1999Dec 24.030 A

MUHAHAHHAHAHHAHAHAHHAHAHAHAHHAHAH

http://www.bloomberg.com/apps/news?pid=new...id=acH4WhPh1WJ0

World's Largest Gold Refiner Runs Out of Krugerrands

Aug. 28 (Bloomberg) -- Rand Refinery Ltd., the world's largest gold refinery, ran out of South African Krugerrands after an ``unusually large'' order from a buyer in Switzerland.

The order was for 5,000 ounces and it will take until Sept. 3 for inventories to be replenished, said Johan Botha, a spokesman for Rand Refinery in Germiston, east of Johannesburg. He declined to identify the buyer.

Coins and bars of precious metals are attracting investors as a haven against a sliding dollar and conflict between Russia and its neighbor Georgia. The U.S. Mint suspended sales of one- ounce ``American Eagle'' gold coins, Johnson Matthey Plc stopped taking orders for 100-ounce silver bars at its Salt Lake City refinery and Heraeus Holding GmbH has a delivery waiting list of as long as two weeks for orders of gold bars in Europe

....

Johnson Matthey's Salt Lake City refinery doesn't have the capacity to meet investor demand for 100-ounce silver bars, said spokesman Ian Godwin in London. He wouldn't comment on whether the company may expand capacity or end production.

Have you got yours? Looks like it is becoming increasingly difficult to purchase.

http://www.bloomberg.com/apps/news?pid=new...id=avQX.wU8TLGE

Aug. 28 (Bloomberg) -- Gold rose in London as the dollar's decline may spur more demand for the precious metal as an alternative investment. Platinum climbed for a second day.

Demand was ``unprecedented'' by jewelers and other so-called physical buyers of gold in the past three weeks in Europe and Asia, especially India, UBS AG said in a report today. Randgold Refinery Ltd., owner of the world's largest gold refinery in South Africa, ran out of Krugerrand gold coins after a large order from Switzerland last week.

``People are searching for an investment that is a long-term store of value,'' said Ben Davies, who helps manage the Hinde Gold Fund in London. Gold ``supply is not readily available at these prices.''

...

Premium Coins

Gold and Silver Investments is paying 3.2 percent extra for Krugerrands minted by the South African Mint, compared with four weeks ago when there was no extra charge over the metal's price, O'Bryne said. ``We can get the coins in limited amounts. It's highly unusual.''

Rand Refinery, supplier of blank Krugerrands to the South African mint, had an ``unusually large'' order of 5,000 ounces of Krugerrands last week from a company in Switzerland, wiping out Rand's inventories until next week, said Johan Botha, a spokesman for Rand Refinery in Germiston, South Africa.

Bullish flag...

http://www.kitco.com/

 

"Kitco currently has numerous physical gold, silver, and platinum coin and bar items in stock, available for immediate delivery. Please call for more information."

 

 

I bet they are available for immediate delivery as long as you keep them stored in your account with them.

http://www.kitco.com

Demand for bullion products has increased significantly in recent days. As a result, we may experience delays in supply and possibly delays in processing and shipping by our vaults.

There is gold and there is fool's gold.

Gold has run out.

Fool's gold is more abundant than ever. Buy some at http://www.exchangetradedgold.com

MUHAHAHAHHAHAHAHAHAAHAHAHAHAAHAHA

http://online.wsj.com/article/SB121928079980258833.html

The Eagle Has Been Grounded

As gold prices tumbled from their highest level ever, investors and collectors loaded up on one-ounce "American eagle" gold-bullion coins. The buying spree came to an abrupt halt this week after the U.S. Mint stopped selling the coins for the first time since production began 20 years ago.

"Due to the unprecedented demand...our inventories have been depleted," the Mint -- part of the U.S. Treasury Department -- told its dealers Friday. "We are therefore temporarily suspending all sales of these coins."

This is the mark of the derivative beast.

http://www.bloomberg.com/apps/news?pid=206...&refer=home

Bernanke Tries to Define What Institutions Fed Could Let Fail

Aug. 18 (Bloomberg) -- Ben S. Bernanke is still trying to define which financial institutions it's safe to let fail. The longer it takes him to decide, the tougher the decision becomes.

In the year since credit markets seized up, the 54-year- old Federal Reserve chairman has repeatedly expanded the central bank's protective role, turning its balance sheet into a parking lot for Wall Street's hard-to-finance bonds and offering loans through its discount window to investment banks and mortgage firms Fannie Mae and Freddie Mac.

The lack of clearly defined limits may put the Fed's independence at risk as Congress discovers that its $900 billion portfolio can be used for emergency bailouts that might otherwise require politically sensitive appropriations and taxes.

The decline for gold came amid slowing physical demand for jewellery after prices hit record levels above $900 an ounce. Second-quarter demand for the metal fell 19 per cent to 735.6 tonnes, according to figures from the industry-backed World Gold Council this week - http://www.ft.com/cms/s/0/dc97963e-6aa9-11...00779fd18c.html

Slowing physical demand my ****.....

MUHAHAHAHHAHAHAHHAHAHHAHAHAHA

http://www.gata.org/node/6489

The U.S. Mint has suspended sales of American eagle gold coins and is refusing orders from dealers, two coin and bullion dealers confirmed Thursday.

The mint's suspension of gold coin sales follows its tight rationing of sales of silver eagle coins, begun in May, when sales to the public were terminated and sales to the mint's 13 authorized dealers were tightly limited.

Word of the mint's suspension of gold coin sales came from the American Precious Metals Exchange in Edmond, Oklahoma, and from Centennial Precious Metals in Denver, Colorado.

The suspension is overwhelming evidence that the futures contract price of gold on the commodities exchanges is substantially below the physical market price and that, indeed, the commodities exchanges are being used as GATA long has maintained -- as part of a massive scheme of manipulation of the precious metals, currency, and bond markets.

https://online.kitco.com/bullion/completelist.html

IMPORTANT:Due to the volatility of the market, we are experiencing a significant increase in the volume of shipments going out. Although Kitco and our depositories are working hard to stay on top of this, you may experience a delay in your order being processed by our vault, and sent out to you. We apologize for any inconvenience this may cause, and appreciate your patience and understanding.

http://www.bulliondirect.com/index.jsp

High Activity Market Alert The precious metals industry is experiencing a substantial surge in activity which may increase the possibility of logistical delays; including customer service response time, product processing (incoming and outgoing), and product transport/fulfillment.

Certain silver products are delayed as much as 2-4 weeks. Please review Catalog descriptions for notices regarding such delays.

We are working diligently to fulfill all orders in a timely fashion while maintaining competitive prices.

We appreciate your patience and understanding.

The Bullion Direct Team

Serious question though. What has changed to make the downward pressure so much stronger than you knew/guessed/whatever last week?

God knows which of the big ones was about to blow up and scared them into intervention.

Could be UBS, AIG or who knows.

Sorry - couldn't resist. Won't happen again.

June 2006:

They want to push gold below $600 but they can't.

They could, for a few weeks.

Look at it now.

The situation is the following:

1) The US government is bankrupt

2) In collusion with the Federal Reserve, the US sovereign debt is being defaulted upon by USD debasement

3) Everybody knows it's unavoidable and is therefore shorting the USD

4) When the USD threatens to collapse, central banks around the world intervene and engineer a short squeeze in the USD and an avalanche of selling in commodity markets.

5) Leveraged speculators, including some hedge funds, get margin calls and must cover, hence amplifying the intervention.

When the short squeeze peters out the downtrend restarts in earnest unless the fundamentals have changed.

The USD fundamentals have actually worsened (think of the open-ended FRE/FNM bailout).

Weeks like this one are the reason why I (and I am not the only one) strongly discourage the use of margin.

Surely, this has to end sometime?? wow.

CHF 900-910

Weird days indeed its being alleged that Ruskie tanks n' planes in action in Georgia and basically a state of war exists and hardly a peep from Gold, good news Gold goes up bad news and Gold goes down or stays the same.

 

Worlds gone mad.

Have you had a look at the premium Krugerrands and other ounce coins are commanding of late? No? I suggest you do.

All this commotion is just a shot of central bank adrenaline in the arm of the dying US dollar.

Gold/USD is moving like crazy because USD is moving like crazy. I suggest you monitor Gold/CHF or Gold/EUR.