G0ldfinger Posted October 5, 2010 Author Report Share Posted October 5, 2010 It would indeed take a GF's "Dollar event" for me to feel that this rise is for real. Becareful what you wish for (not aimed at you GF). I just wanted to point out that the move was mostly in USD-gold, AFAICS. Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 5, 2010 Author Report Share Posted October 5, 2010 Rocket are associated with ... TURNS? The recent ascent has been slower than in 2006 and 2008 before the big downturns. We'll see. I'd appreciate lower prices a lot since I haven't yet finalized my SIPP which will go into the precious. http://gold.approximity.com/since1999/Gold_USD_LOG.html Link to comment Share on other sites More sharing options...
Pixel8r Posted October 5, 2010 Report Share Posted October 5, 2010 BTW, GDXJ is underperforming The GDXJ must not have any Great Panther Silver (GPR) in it, they are up 15% today. Link to comment Share on other sites More sharing options...
Perishabull Posted October 5, 2010 Report Share Posted October 5, 2010 From: http://www.youtube.com/watch?v=KUeQgiVSGw0 Link to comment Share on other sites More sharing options...
Whosthedaddy? Posted October 5, 2010 Report Share Posted October 5, 2010 The GDXJ must not have any Great Panther Silver (GPR) in it, they are up 15% today. Yes! up 19% now and very happy to have this stock in my portfolio. However i cannot find any news release from the company website as to why this might be. Any news out there? Link to comment Share on other sites More sharing options...
Pixel8r Posted October 5, 2010 Report Share Posted October 5, 2010 Yes! up 19% now and very happy to have this stock in my portfolio. However i cannot find any news release from the company website as to why this might be. Any news out there? All i could find today was this report; http://www.theaureport.com/cs/user/pub/co/331 Link to comment Share on other sites More sharing options...
Guest foobar Posted October 5, 2010 Report Share Posted October 5, 2010 Sorry if this video has been posted elsewhere, tried searching for it but the search form wouldn't accept "Jim Willie" as Jim was too short, which left me searching for "Willie"!!! Anyway to the serious point, and I think you guys are going to be very interested: Paraphrased: Allocated gold accounts are being taken and used by the London Gold exchange to cover up the fact that a "fractional" gold system has been operated for some time now (esp in the London market). Billionaire bullion "vigilantes" are trying to expose it by demanding delivery on large futures contracts, this could be a big driver behind the recent price rises. Potentially the "fractional" gold system is 100 times leveraged. I guess that means if there is a panic and everyone wants delivery: the price would rocket (yes rocket) to 100x and then some people would think they were rich, but would find the cupboard was bare and have a long and complex legal challenge to pursue? As well as the political/currency implications likely to rock the world scene? http://www.trustedbullion.com/videos/video...Willie-%2813%29 I remember default on the Comex was predicted sometime ago and never materialised, any one care to comment? Jim Willie's website goldenjackass.com looks interesting as well. Link to comment Share on other sites More sharing options...
electroweak Posted October 5, 2010 Report Share Posted October 5, 2010 Sorry if this video has been posted elsewhere, tried searching for it but the search form wouldn't accept "Jim Willie" as Jim was too short, which left me searching for "Willie"!!! Anyway to the serious point, and I think you guys are going to be very interested: Paraphrased: I guess that means if there is a panic and everyone wants delivery: the price would rocket (yes rocket) to 100x and then some people would think they were rich, but would find the cupboard was bare and have a long and complex legal challenge to pursue? As well as the political/currency implications likely to rock the world scene? http://www.trustedbullion.com/videos/video...Willie-%2813%29 I remember default on the Comex was predicted sometime ago and never materialised, any one care to comment Jim Willie's website goldenjackass.com looks interesting as well. The comex default is "in the post". Sorry no time to elaborate just now... will try to post charts later. Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 6, 2010 Author Report Share Posted October 6, 2010 The comex default is "in the post". Sorry no time to elaborate just now... will try to post charts later. I am keen to read/see more. Link to comment Share on other sites More sharing options...
electroweak Posted October 6, 2010 Report Share Posted October 6, 2010 This Gold chart only runs till Jan'09. Current stocks: Registered: 2.9 MOz Eligible: 8 MOz (includes 0.5 MOz of iShares Comex Gold Trust) Total:10.9 MOz In other words, the green portion is becoming a larger and larger proportion of the total. Consider the start in '03, Registered (eggshell) dominated ~80% as the majority. Now it has reversed. Notice Total Stocks/Net long never got higher than ~40% average. - In other words, they usually had no more than 40% of the net long position in storage, and historically have had much lower. Silver: this chart is old, and I don't have time to update it.. but ... Currently comex has: 52.2 MOz (Registered) Consider also CME group share price. Doesn't look too healthy to me. Nice little descending wedge. A few years ago (2?) this stock was over 500. Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 6, 2010 Author Report Share Posted October 6, 2010 $1,337. $1,347. Link to comment Share on other sites More sharing options...
romans holiday Posted October 6, 2010 Report Share Posted October 6, 2010 $1,347. Starting to look like a parabolic spike in the US dollar price here. USDX: 77.77 Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 6, 2010 Author Report Share Posted October 6, 2010 Starting to look like a parabolic spike in the US dollar price here. USDX: 77.77 Next stop 66.66? Link to comment Share on other sites More sharing options...
Carlton Posted October 6, 2010 Report Share Posted October 6, 2010 77.76, reminds me of the independence year. Is this a harbinger of a new era of monetary independence? Freedom from fiat? 1348.90 +8.30 +0.62% Link to comment Share on other sites More sharing options...
Jake Posted October 6, 2010 Report Share Posted October 6, 2010 Schucks... Just looked at Goldline and 903.75 for a Brit! Thats up 100 quid in a month just about! Where's the scores on the board for those UK house prices, GF? (and I had almost forgotton totally about house prices. Must be under 190 ounces by now?) Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 6, 2010 Author Report Share Posted October 6, 2010 DOUBLE POST A nice one by Jim Sinclair's buddy Dan Norcini ("Trader Dan"). http://jsmineset.com/2010/10/05/hourly-act...trader-dan-347/ The gold market has become an utterly different animal, making fools out of top callers as the fundamentals are keeping it well supported. As said on this site repeatedly, as long as the market is convinced that the monetary authorities of the world are intent on debauching their own currencies, gold is going to move higher, overbought status or no overbought status. It does not take a degree in rocket science to understand that paper currencies are under assault by their own governments who seem determined to plunder the wealth of their citizens in the process. Link to comment Share on other sites More sharing options...
romans holiday Posted October 6, 2010 Report Share Posted October 6, 2010 Next stop 66.66? Which would see Euroland squealing like.... pigs. More likely is some new problem erupts to send the Euro down, and the dollar back up. Vertigo anyone? Link to comment Share on other sites More sharing options...
ares Posted October 6, 2010 Report Share Posted October 6, 2010 Which would see Euroland squealing like.... pigs. More likely is some new problem erupts to send the Euro down, and the dollar back up. Vertigo anyone? Indeed, I am a buyer of the dollar here. Link to comment Share on other sites More sharing options...
d2thdr Posted October 6, 2010 Report Share Posted October 6, 2010 Which would see Euroland squealing like.... pigs. More likely is some new problem erupts to send the Euro down, and the dollar back up. Vertigo anyone? Lets get this right- the currency movements as of now are really confidence issues. Euro is not good, UK coalition is giving hope that they will do everything to tackle the debt, there is nothing going on for the US. Why should Euro strengthen vis-a-vis USD? Link to comment Share on other sites More sharing options...
romans holiday Posted October 6, 2010 Report Share Posted October 6, 2010 Lets get this right- the currency movements as of now are really confidence issues. Euro is not good, UK coalition is giving hope that they will do everything to tackle the debt, there is nothing going on for the US. Why should Euro strengthen vis-a-vis USD? I don't think we're in disagreement. These exchange rates are all relative. In response to GF's point that USDX could be at 66 odd soon [Euro strengthens vis-a-vis USD], my point was that would entail one hell of a strong Euro relative to the dollar..... because the Euro makes up most of the index. More likely is at some point something will give in the Eurozone and capital flows will reverse out of the Euro and into the dollar. Then strong dollar relative to weak Euro. In a scenario of that sort, gold could come back a bit, as priced in dollars, but I doubt much. The more marginal the currency, the higher the concurrent gold price spikes.... I imagine the AUD dollar to take a complete walloping.... which is now at near parity with the US dollar. Link to comment Share on other sites More sharing options...
Guest foobar Posted October 6, 2010 Report Share Posted October 6, 2010 This Gold chart only runs till Jan'09. Current stocks: Registered: 2.9 MOz Eligible: 8 MOz (includes 0.5 MOz of iShares Comex Gold Trust) Total:10.9 MOz In other words, the green portion is becoming a larger and larger proportion of the total. Consider the start in '03, Registered (eggshell) dominated ~80% as the majority. Now it has reversed. Notice Total Stocks/Net long never got higher than ~40% average. - In other words, they usually had no more than 40% of the net long position in storage, and historically have had much lower. Silver: this chart is old, and I don't have time to update it.. but ... Currently comex has: 52.2 MOz (Registered) Consider also CME group share price. Doesn't look too healthy to me. Nice little descending wedge. A few years ago (2?) this stock was over 500. Nice work. The "raids" on the London exchange started in late July and will continue every 10-14 days until the "Anglo-Bankers are dead and de-nutted", according to Jim Willie. I wonder if the same co-ordinated "legal raid" is happening on the Comex? Surely the London market operation would have wised up to it after the first time and then put obstacles in place to make it more difficult to happen again? Can anyone see/show evidence of this 10-14 day period between "raids"? If you look at the gold price in £ and (the same in $) it's gone up on a fairly straight path since late July, coincidence? Link to comment Share on other sites More sharing options...
romans holiday Posted October 6, 2010 Report Share Posted October 6, 2010 Gold looks a great buy in the Aussie dollar here [Kiwi would be similiar]. If the risk trade snaps back at some point, the Aussie price could easily blast straight through $2000... a 50% increase similiar to the previous spike. Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 6, 2010 Author Report Share Posted October 6, 2010 I do not really predict USDX 66.66 here. But, quite frankly, I would not hold any currencies here. Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 6, 2010 Author Report Share Posted October 6, 2010 Going back to "normal" here? I don't really think so, but the trend could continue. http://gold.approximity.com/gold-silver_watch.html Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 6, 2010 Author Report Share Posted October 6, 2010 Jim Sinclair's call could turn out to become the call of the century. Link to comment Share on other sites More sharing options...
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