Pixel8r Posted August 2, 2015 Report Share Posted August 2, 2015 Somethings going on. Big Chunk Of JP Morgan’s Gold Holdings Withdrawn In One Day In just one day, a big chunk of JP Morgan’s gold was withdrawn from the COMEX. It’s been a while since we have seen such a large single withdrawal. According to the CME Group’s Friday Warehouse Depository gold stocks, a whopping 200,752 ounces of gold were removed from JP Morgan’s Eligible category. If we look at the table below, we can see JP Morgan’s total gold inventories fell from 1,398,214 oz on Thursday (7/30/2015) to 1,197,462 oz: Basically, JP Morgan lost nearly 15% of its total gold inventories in one day. You will notice that JP Morgan only has 115,754 oz of gold in its Registered category. This is gold that is ready to be delivered. This 200,752 oz gold withdrawal would have totally wiped out JP Morgan’s Registered gold inventories. Link to comment Share on other sites More sharing options...
drbubb Posted August 2, 2015 Report Share Posted August 2, 2015 How are you, Pixel? Surviving okay, I trust. Link to comment Share on other sites More sharing options...
Tune2001 Posted August 4, 2015 Report Share Posted August 4, 2015 Gold miners seem doomed to make the same mistake as they did in the lows of the early noughties! http://www.mineweb.com/news/gold/gold-miners-turn-to-derivatives-to-protect-income/ Link to comment Share on other sites More sharing options...
Pixel8r Posted August 5, 2015 Report Share Posted August 5, 2015 How are you, Pixel? Surviving okay, I trust. Hanging in there. Going through a lengthy court battle currently for proper access to my son after leaving my cheating partner. But work and finance is all good. Have branched out into doing websites as well to fill the gaps. Link to comment Share on other sites More sharing options...
callmejoe Posted August 5, 2015 Report Share Posted August 5, 2015 http://www.zerohedge.com/news/2015-08-03/comex-edge-deliverable-gold-drops-record-low-124-ounces-paper-every-ounce-physical Comex On The Edge? Paper Gold "Dilution" Hits A Record 124 For Every Ounce Of Physical Link to comment Share on other sites More sharing options...
callmejoe Posted August 5, 2015 Report Share Posted August 5, 2015 http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?fiidarticulo=266 Will China Play The 'Gold Card'? Link to comment Share on other sites More sharing options...
callmejoe Posted August 5, 2015 Report Share Posted August 5, 2015 http://usawatchdog.com/prolonged-gold-backwardation-has-never-happened-in-monetary-history-james-turk/ Prolonged Gold Backwardation Has Never Happened in Monetary History-James Turk Link to comment Share on other sites More sharing options...
tinecu Posted August 6, 2015 Report Share Posted August 6, 2015 http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?fiidarticulo=266 Will China Play The 'Gold Card'? Interesting scenario. Link to comment Share on other sites More sharing options...
tinecu Posted August 6, 2015 Report Share Posted August 6, 2015 Hanging in there. Going through a lengthy court battle currently for proper access to my son after leaving my cheating partner. But work and finance is all good. Have branched out into doing websites as well to fill the gaps. Nice to hear from you Pix. Hope you get proper access... Are you looking for freelance web work? Link to comment Share on other sites More sharing options...
drbubb Posted August 6, 2015 Report Share Posted August 6, 2015 "Nice to hear from you Pix. Hope you get proper access..." I second that. I expect that the laws are somewhat more fair in the UK on these matters than in the US. As it is, they make too many (wrong) assumptions Link to comment Share on other sites More sharing options...
rigger Posted August 6, 2015 Report Share Posted August 6, 2015 '3. According to FactSet, "short [managed money] positions in gold have overtaken long positions for the first time in more than 10 years". Social media is abuzz with these types of facts, which again tells me that a short-term pop in gold prices could be possible.' From the Daily Shot email ie Sober Look Link to comment Share on other sites More sharing options...
callmejoe Posted August 14, 2015 Report Share Posted August 14, 2015 clif @clif_high 12m12 minutes ago Ack! As forecast: More pressures on Mrs. Wong to buy gold!: http://www.zerohedge.com/news/2015-08-14/gold-jumps-after-china-reveals-it-bought-another-19-tons-july … Gold Jumps After China Reveals It Bought Another 19 Tons In July Link to comment Share on other sites More sharing options...
callmejoe Posted August 16, 2015 Report Share Posted August 16, 2015 But note that it's not gold gold but rather shares in SPDR Gold Trust http://www.zerohedge.com/news/2015-08-16/billionaire-stanley-drucknemiller-loads-gold-makes-it-his-largest-position-first-tim Billionaire Stanley Drucknemiller Loads Up On Gold, Makes It His Largest Position For First Time Ever Link to comment Share on other sites More sharing options...
notanewmember Posted August 16, 2015 Report Share Posted August 16, 2015 ^ and Facebook is his next largest holding, and he has recently added. I can't find any statement as to why he is buying gold, and more Facebook? It seems a odd combo. Link to comment Share on other sites More sharing options...
drbubb Posted August 16, 2015 Report Share Posted August 16, 2015 But note that it's not gold gold but rather shares in SPDR Gold Trust http://www.zerohedge.com/news/2015-08-16/billionaire-stanley-drucknemiller-loads-gold-makes-it-his-largest-position-first-tim Billionaire Stanley Drucknemiller Loads Up On Gold, Makes It His Largest Position For First Time Ever A smart guy. This is a good omen for Gold bugs Link to comment Share on other sites More sharing options...
callmejoe Posted August 19, 2015 Report Share Posted August 19, 2015 zerohedge @zerohedge 39m39 minutes ago Silver Surges Back Above $15, Gold Hits 1-Month Highs http://www.zerohedge.com/news/2015-08-19/silver-surges-back-above-15-gold-hits-1-month-highs … Link to comment Share on other sites More sharing options...
drbubb Posted August 21, 2015 Report Share Posted August 21, 2015 Gold gets a bid - and some volume too ! Aug: SPY- : Chg : volume/ VIX : GDX: +-chg: -GLD- : Chg: volume: x10.?? WTI.Cr: -DXY-- -Chg.- : --TLT- : Chg : Posts/Views cum'l 19: 208.32 - 1.66 : 163.M: 15.25 : 15.20 +0.43: 108.55 +1.44 : 6.98M: 1,133.8 $40.94* 96.362 - 0.092 : 124.76 +1.22: 02: 077/ 080: 1530 20: 203.97 - 4.35 : 175.M: 19.14 : 15.82 +0.62: 110.44 +1.89 : 11.9M: 1,152.6 $40.98* 95.526 - 0.836 : 126.02 +1.26: 08: 085/ 115: 1645 Gold looking perky GLD ... update : 110.44 +1.89 : 11.9M: Back over $110 / $1150 - I'm now watching downtrend line at about $112 Link to comment Share on other sites More sharing options...
drbubb Posted August 25, 2015 Report Share Posted August 25, 2015 If this idea becomes widespread it should help Gold prices US Federal Reserve may have missed the boat on raising interest rates Sydney Morning Herald - 4 hours ago The Federal Reserve may have missed the opportunity to begin lifting US interest rates when financial markets were benign and it could be now forced to wait out the global market turmoil, Fed watchers have warned. . . . Although we continue to see economic activity in the US as solid and justifying modest rate hikes, we believe the Federal Reserve is unlikely to begin a hiking cycle in this environment for fear that such a move may further destabilise markets," Barclays said in a research note. Atlanta Federal Reserve president Dennis Lockhart, a voting member of the Federal Open Market Committee, said on Monday afternoon that he still expects the central bank to raise rates "sometime this year". He did not repeat his assertion from earlier this month that he favoured a September rate hike. FRT / Fed Race Track ... update The Leading horse (SPY) is falling back, and the other (GLD) may gain. Link to comment Share on other sites More sharing options...
notanewmember Posted August 27, 2015 Report Share Posted August 27, 2015 I don't think this has been posted, and there are no duplicate sources of the source of this, only paraphrases: http://seekingalpha.com/article/3421396-the-big-long-goldman-sachs-and-hsbc-buy-7_1-tons-of-physical-gold The 'Big Long' - Goldman Sachs And HSBC Buy 7.1 Tons Of Physical Gold Aug. 10, 2015 3:40 AM ET SummaryOn August 6, 2015, Goldman Sachs, which has issued very bearish forecasts on long-term gold prices, took delivery of a 3.2-ton purchase of physical gold. On August 6, 2015, HSBC which also claims to be bearish, took delivery of a 3.9-ton purchase of physical gold. In both cases, the purchases are registered as being for the benefit of the bank's own house account, rather than the accounts of customers. Investors should do as the banks do, not as they say. Link to comment Share on other sites More sharing options...
callmejoe Posted August 28, 2015 Report Share Posted August 28, 2015 http://usawatchdog.com/plunge-protection-team-losing-control-of-markets-jim-sinclair/ Plunge Protection Team Losing Control of Markets-Jim Sinclair On gold, Sinclair says, “I didn’t call the top in gold in 1980 because of any kind of a system. I was told, I acted on what I was told.” His sources are talking again, and Sinclair says he was told: “Number one, the downside on gold is extraordinarily limited here. Two, the rally we are facing that will come in gold is going to be stupendous. Three, they tell me we may never call you back because this may be the rally you don’t sell. This may be the rally you don’t sell because gold is moving from a currency form to a valuation form. . . . This may be the last time we call you means this is a rally that is not meant to be sold. What is coming up in front of us is the Great Reset where currencies wear their gold like ladies wear a necklace, and the most beautiful necklace will be the strongest currency. The ladies without the necklace won’t be invited to the ball. Huge changes are coming. The dollar is always going to be with us, and the yuan and all of the currencies are still going to be there. We are not going to one single currency. ...... The two last men standing will be gold and gold on steroids—silver.” Link to comment Share on other sites More sharing options...
callmejoe Posted August 30, 2015 Report Share Posted August 30, 2015 Cheap pressies for Christmas http://www.alibaba.com/product-detail/2015-New-Products-1-OZ-24k_60235547426.html 1 OZ 24k Fine Gold Plated Bullion Bars/Coins, Gold Challenge Bars With Acrylic Box For US $1.60 / Piece Link to comment Share on other sites More sharing options...
callmejoe Posted August 31, 2015 Report Share Posted August 31, 2015 http://kingworldnews.com/amidst-the-global-chaos-china-is-aggressively-moving-to-create-a-new-world-order/ China’s Master Plan To Create A New World Order Amidst The Global Chaos ..... The wild card is that gold has a role as a protection against devaluation. Gold has moved up almost $100 an ounce since China’s devaluation and spiked further on the global rout in stock prices. Nonetheless, there remains “mainstream” skepticism over the “barbaric metal”, and gold’s role as an alternative to paper money. However, as long as everyone believes that it has some value, it has value. Today, that could not be said of the dollar. Without “trust” in the dollar, the world has no valid reserve currency. To be sure, under the new rules of engagement with the renminbi chipping away at the dollar’s status, there is no question that an alternative such as gold holds attraction. China may be looking at ways to insulate itself from America’s profligate policies. Rather than peg the renminbi to the dollar, China might prefer to peg to gold, preferring it to the dollar as a store of value. Move over dollar, there’s a new sheriff in town. clients have asked us, “why gold?”. The first reason is positive supply and demand fundamentals. There is less gold coming to market amid deepening geopolitical uncertainty. The second of course is the aforementioned worldwide currency debasement. The third is the lack of trust in markets, currency and the ability of central banks to manage our affairs. The fourth reason is that there is a growing distinction between paper gold and physical gold. Comex is the futures exchange where for every ounce of gold held for delivery in the warehouses, there are 124 paper ounces or claims against that ounce. If one wants physical gold they must line up and it is interesting to note that Comex physical deliveries are a mere fraction of what is delivered on the Shanghai Gold Exchange. We believe this dichotomy allows the bullion dealers the opportunity to manipulate the gold price through their algos and flash crashes. Link to comment Share on other sites More sharing options...
callmejoe Posted September 9, 2015 Report Share Posted September 9, 2015 http://investmentresearchdynamics.com/anyone-who-believes-the-comex-numbers-is-a-dope/#comment-40018 Anyone Who Believes The Comex Numbers Is Very Naive zerohedge @zerohedge 7m7 minutes ago As of today, there are now 228 ounces of gold claims for ever ounce of deliverable Comex gold http://www.zerohedge.com/news/2015-09-09/something-just-snapped-comex … Link to comment Share on other sites More sharing options...
callmejoe Posted September 11, 2015 Report Share Posted September 11, 2015 zerohedge @zerohedge 9h9 hours ago Anyone Who Believes The COMEX Numbers Is Very Naive (They Are Much Worse!) http://www.zerohedge.com/news/2015-09-10/anyone-who-believes-comex-numbers-very-naive-they-are-much-worse … Link to comment Share on other sites More sharing options...
callmejoe Posted September 11, 2015 Report Share Posted September 11, 2015 http://jessescrossroadscafe.blogspot.com/2015/09/comex-hong-kong-sees-biggest-daily-gold.html Comex Hong Kong Sees Biggest Daily Gold Withdrawal at 19.17 Tonnes - Mr. Float Goes to Asia Link to comment Share on other sites More sharing options...
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