Jump to content

seekingclarity

Members
 View Profile  See their activity

  • Posts

    324

  • Joined

  • Last visited

 Content Type 

Posts posted by seekingclarity

  5. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Maybe this was a failed COMEX takedown today. Whoever the buyer is, they have been underestimated by TPTB, I think.

     

     

    Only me.

    Stupidly I took some profit a couple of weeks ago, waiting for the pull back so had to get back in for this run up to 1180.

    Didn't expect the others to follwo tho :lol:

  10. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I hate these articles. It means the GEI view is becoming mainstream. I'm much more interested in what the mavericks are thinking.

     

    btw if you are a gold bug, do you think its a good idea seeking out (and posting) articles and information that reinforce your view?

     

     

    Sure as the current and near term shake-out will get rid of the weak hands and in the mid term it helps to ramp up the price :lol:

  17. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Sorry about this repeat post but I think it got lost in the midst of other discussions:

     

    Friend of mine went to see his private banker in Zurich yesterday. I was also in Switzerland. I had been talking about gold/gov't bonds with him for a while, anyway he ended up deciding to buy lots of lovely gold. His banker (wisely, it seems) advised to wait until after today's unemployment numbers, then he said he's 'goin in'.. bricks in the safe kind of thing. Pure physical, no nonsense..

     

    What surprised me is the process by which they procure the gold. Apparently, CreditSuisse (yes, I know!) order it from the Swiss government. It takes two weeks and is then delivered. So my guess is it's proper nazi gold held in stores.. are the y allowed to use that!?

    Or would it come from CRIMEX?

     

    Anyone else know the mechanics of what is going on here?

     

    Credit Suisse have a main vault in Zurich which to my understanding is well stocked.

    A friend informs me he took delivery in 48 hours after giving instructions recently.

    I would think that if their Government was involved that they would need somewhat longer than 2 days....

  18. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    "Probably" is the operative word IMHO.

     

     

     

    http://narcosphere.narconews.com/notebook/...y-launderers-jo

     

     

    If one were to base a decision on this guys ramblings well, good luck.

    He is totally anti-Panama, years of negative propganda and is real bitter about something...

    However, researching this case there appears to be a monumental FU in their judicial system for it to get as far as it has.

    On good authority for now, Panama will not open up...

  19. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I don't think anywhere is safe now - not Zurich, not Dubai, not Singapore, not the Caymans, not even Guernsey/Jersey/IOM - all can, have, and WILL be leaned on. Iran had the right idea exiting all their EU bank accounts and going all gold - Iraq was not quick enough and had the lot stolen by Rumsfeld and Co...

     

     

    IMO Panama is still probably the best right now.

  20. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    gold1023-close.png

     

     

    I have fronted several beers and there are more on this one

    I agree with your TA / charting and not only that putting MMWMMI.

    Shorted at 770 & by Monday with a bit of luck we will be somewhere in the 650- 690 range IMO & will buy more physical.

    Time to fill our boots :P:P

    Let me know how you wish to collect...

     

  21. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    How strange. Read this post... :huh:

     

    https://www.kitcomm.com/showpost.php?p=4015...postcount=11774

     

    I just got off the phone with a VERY highly regarded, veteran bullion dealer. Here is the gist of what he said…

     

    *The physical market is being flooded by 400 ounce bars, the kind traded on the Comex.

     

    *The markings on the bars suggest it is IMF gold, or similar gold owned by various central banks.

     

    *Much of the gold is of the "Fed melt type," from the gold which was confiscated by the US government in the 1930’s. He went on to say this could be US gold, or Fed melt gold bought by other central banks from the US.

     

     

    Acthung, zee Nazi gold....

  22. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Can somebody help me?

     

    I read a few days ago that a new GOLD ETF is starting that allows the investor to take delivery should they want to. However, I cannot find the article now! Does anyone know about this? Can somebody provide a link and more info?

     

    Thanks

     

     

    Julius Baer if i have the spelling right / secondary but strong Swiss operator

  23. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Anyone who bought before middle of 2005 is still up 100% (in Sterling). Anyone having bought before middle of 2007 should still be up some 30% (exception the peak in 2006). Anyone who has bought recently possibly needs to wait a couple of years in order to get a clearer picture. As Jim Sinclair said, volatility in gold will reach spiritual levels. I think we're still in the beginning of all this.

     

    I can see no change in the fundamentals so far. The sell-off in commodities is amazing, but I don't buy into the idea that this is a long term development. If yes, I will be happy, enjoy cheap food, gas and go on overseas holidays all the time.

     

    The biggest bubble of all is still inflating, and in fact at higher and higher speed: Western government bonds. Gold will rule when this bubble bursts. We might have a few 'nice' years left before this will happen. But it could come sooner. Until then, I will continue to accumulate unless something changes dramatically in the fundamentals.

     

    Agreed and in the meantime it is also commercial to hedge your exposure & profit from short term declines, by selling gold forward in the paper market on a 3 and / or 6 month forward contract against the USD, whilst keeping your physical gold in a safe place.

  25. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Please review:

     

    http://www.gold-eagle.com/gold_digest_03/stott030803.html

     

    One web site says that gold should be stored in Switzerland! Of all the asinine advice ever given, that takes the cake. You own gold to hedge yourself and protect yourself, correct? Then why would you want to store it any place but in your own home or place of safety and easy access? Gold ten thousand miles away, is an absurdity, just as is gold in some account off shore in the Caribbean or other inaccessible place. If times get rough, as we thought they would with Y2K, would you have stored your food, water, generator or flashlights in a distant city or country? Of course not. If you go out in a boat to catch some fish, do you leave your life preserver on shore? If you go for a swim, do you leave your swim suit at home? Why would you leave your silver in a warehouse, your gold at some distant place, or your food in the grocery store, and especially after you have paid for it? Honestly, I sometimes think I am writing to first graders.

     

     

    This makes sense, however some here feel a gold stash over three continents is the best safeguard for a worse case scenario.

    Or for those without these logistical abilities how about long term holdings stashed in a safe deposit- neutral country, medium term holdings with the likes of Goldmoney and short term / 0 - 12 months hidden in your backyard or similiar?

×
×
  • Create New...