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You really MUST listen to this

Seriously.

 

Interview with Adrian Douglas of GATA & marketforceanalysis.com about Gold&Silver

 

http://www.thefinancialtube.com/video/3551...orceanalysiscom

 

this audio interview is also featured on the parent site:

 

http://www.kereport.com/WeekendSpecial/0314-04.mp3

 

I haven't listened to it as yet so don't flame me if it's iron pyrites!

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Gold jewellery demand sinks as slump bites

 

By Chris Flood

 

Published: May 20 2009 11:36 | Last updated: May 20 2009 11:36

 

Gold jewellery demand dropped by almost a quarter in the first three months of this year compared with the same period in 2008, while recycling of scrap bullion reached record levels as the global economy sank into recession.

 

“Recycling of gold became a global phenomenon in the first quarter of this year,” said Rozanna Wozniak, investment research manager of the World Gold Council.

 

“The wave of recycling activity that we have seen clearly shows that used jewellery is not a ‘waste’ product. Selling back gold jewellery has provided consumers with much need funds during these very difficult times.”

 

The seismic impact of the credit crisis and subsequent global economic recession across different sectors of the gold market was dramatically illustrated by the World Gold Council’s first-quarter Gold Demand Trends report, released on Wednesday.

 

Financial investors have continued to pour money into gold and in spite of the weakness in the jewellery market, total demand rose by 38 per cent to 1,015.5 tonnes in the first quarter of 2009 compared with the same period last year.

 

Investment flows were dominated by inflows into exchange traded funds, which reached 465.1 tonnes, up 540 per cent compared with the same period last year.

 

Total identifiable investment reached 595.9 tonnes in the first three months of 2009, up 248 per cent from the same period last year.

 

The extraordinary rush by investors into physical gold, such as bars and coins, following the implosion of Lehman Brothers in September has slowed, but remains substantially higher than before the financial crisis started.

 

Gold price chartRetail buying of coins and bars in North America and western Europe reached 89 tonnes in the first quarter, down from 138.1 tonnes in the fourth quarter of 2008 when concerns about the danger of a worldwide systemic financial crisis were at their peak. However, that was still 804 per cent higher than the same period in 2008.

 

But weakness in gold jewellery demand was widespread across all the countries that the WGC surveyed, with the exception of China and Hong Kong where demand saw modest increases.

 

Demand in India, the largest jewellery market, dropped to its lowest level in at least 20 years to just 34.7 tonnes in the first quarter, down 52 per cent compared with last year, after prices in local currency terms hit a record high in February. Weakness in the Indian rupee exacerbated the rise in the international price of gold, discouraging new demand for jewellery and encouraging the selling of older pieces.

 

“In India, the high levels of exchange activity (where budget-conscious consumers exchange pieces to update their look) suggests continued buoyant levels of underlying demand,” said Ms Wozniak.

 

Turkey’s jewellery market is known to be price sensitive and the WGC said demand during the last two quarters had been affected by volatility in gold prices and the local currency, as well as uncertainty about the outlook for the economy.

 

“Non-western markets have succumbed heavily to profit-taking activity of late,” said Ms Wozniak: “However, we remain confident that consumers will look for opportunities to replenish their holdings.”

 

The WGC said signs of improvement had recently been seen in scrap flows, jewellery demand and investment interest when the gold price dipped.

 

Gold traded at $928.25 a troy ounce on Wednesday, up 5.7 per cent so far this year but just under 10 per cent below the record $1,030.80 reached in March 2008.

 

Copyright The Financial Times Limited 2009

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Looks like i'm not the only one scratching my head thinking why hasn't gold moved up? £ has, oil has, euro has...

 

http://ftalphaville.ft.com/blog/2009/05/20...d-bug-reaction/

 

watch out

 

http://jsmineset.com/2009/05/20/it-is-now/

 

This is without a doubt the most important piece of information we will present to you this year. What you will read ahead addresses the pivot point of the literally thousands of missives we have posted here on www.JSMineset.com telling you this is coming. It is happening here and now. Be prepared and stay strong.

 

We are approaching the beginning of the final drama in this unfolding OTC derivative meltdown. This is the beginning period for the 5th leg of Alf Field’s correct analysis.

 

This is the re-acceleration of the long down wave in Martin Armstrong’s Business Cycle analysis. This is the approach of the acceleration of the gold price into my price objective of $1650 by January 14, 2011.

 

Sure the US dollar will be defended at the .8100 level that has been put out there as support by the major investment banks TA departments, but it will not reverse what is now in place.

 

Yes, the COMEX gang is too short of gold for it to launch here, so the battle to prevent it will be Titanic, yet fail miserably and soon.

 

You can see the shorts of the junior gold shares doing everything known to mankind, from dirty tricks to pounding on any small gold reaction to destroy share prices, but they too will fail miserably and soon.

 

All the paper gold and share demons will accomplish is an increase in their short positions. They will not get the panic selling follow through to cover that they so desperately want.

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We are on the cusp of Alf Field’s 5th Wave of his gold price projection. It will follow directly along the lines of the Armstrong timing as a result of Sentiment in the US dollar moving into its major down leg NOW.

 

Does 5th wave mean Major FIVE up?

Surely not as we haven't had Major THREE up yet (which in fact should be 5 x $700 based on the 2008 actuals)

 

"Major ONE up from $256 to approximately $750 (a Fibonacci 3 times the $255 low)

Major TWO down from $750 to $500 (a serious decline of 33%);

Major THREE up from $500 to $2,500 (a Fibonacci 5 times the $500 low);

Major FOUR down from $2,500 to $2,000 (another serious decline);

Major FIVE up from $2,000 to $6,000 (also a 3 fold increase, same as ONE)"

 

I'm confused with Jim's comments - anyone got a view here? :blink:

 

SafeBetter

 

 

 

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We are on the cusp of Alf Field’s 5th Wave of his gold price projection. It will follow directly along the lines of the Armstrong timing as a result of Sentiment in the US dollar moving into its major down leg NOW.

 

Does 5th wave mean Major FIVE up?

 

I'm confused with Jim's comments - anyone got a view here? :blink:

 

SafeBetter

 

I think JS is referring to the US DX breaking down, and that being the trigger or "pivot point" on Martin Armstrong's hand-drawn chart.

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There's one eventuallity that we gold bugs must consider. What happens if whoever controls the gold price controls the reserve currency. By this I mean, could the Yanks (after some major persuassion) hand over the manipulation/management of the gold price to the Chinese? They would get their Yuan as part of the SDR and the yanks will become like the Brits e.g. free to print as much paper notes as they want and not worry about the POG.

 

May buy some time for all the fiat money masters; I will only put my trust in Gold!

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There's one eventuallity that we gold bugs must consider. What happens if whoever controls the gold price controls the reserve currency. By this I mean, could the Yanks (after some major persuassion) hand over the manipulation/management of the gold price to the Chinese? They would get their Yuan as part of the SDR and the yanks will become like the Brits e.g. free to print as much paper notes as they want and not worry about the POG.

 

May buy some time for all the fiat money masters; I will only put my trust in Gold!

 

Many have preserved wealth by holding gold through incredibly difficult times.

 

Few have made a fortune by holding it.

 

What else could you expect from holding money?

 

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We are on the cusp of Alf Field’s 5th Wave of his gold price projection. It will follow directly along the lines of the Armstrong timing as a result of Sentiment in the US dollar moving into its major down leg NOW.

 

Does 5th wave mean Major FIVE up?

Surely not as we haven't had Major THREE up yet (which in fact should be 5 x $700 based on the 2008 actuals)

 

"Major ONE up from $256 to approximately $750 (a Fibonacci 3 times the $255 low)

Major TWO down from $750 to $500 (a serious decline of 33%);

Major THREE up from $500 to $2,500 (a Fibonacci 5 times the $500 low);

Major FOUR down from $2,500 to $2,000 (another serious decline);

Major FIVE up from $2,000 to $6,000 (also a 3 fold increase, same as ONE)"

 

I'm confused with Jim's comments - anyone got a view here? :blink:

 

SafeBetter

 

 

Your not the only one that is confused, so was Jim. He has now amended his post to say that this is the start of Major Three not Five

 

 

 

 

 

 

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Surely if he believes a cartel are price fixing gold, then the "market force" algorythm would be better applied to some other "freely traded" futures market. Why prognosticate about gold at all, unless being able to rely on blaming the cartel for all the bad calls is seen as a benefit?

 

http://marketforceanalysis.com/index_asset...ading%20MFA.pdf

 

Because the supply and demand imbalance that MFA determines includes the

actions of the gold cartel, or anyone else attempting to manipulate the market,

the predictions take into account the cartel's influence (which if it is dominant will

actually determine the market direction).

Market moves may be counter-intuitive

with respect to currency and economic considerations etc but they are NOT

counter-intuitive with respect to the prevailing supply and demand

imbalance...and it is that which drives price. The key is to know what the

prevailing supply and demand imbalance is and then you know what the price will

do. This is what this new use of MFA achieves - it determines the prevailing

supply and demand imbalance. The cartel influences the supply and demand

imbalance to make the price go in the direction they want it to go in; a direction

that doesn't make sense to us from macro considerations, but it is totally

coherent with their interference.

 

I don't know the efficacy of Adrian's system (as I said when I posted about it), but I would give it consideration which I would not do to anyone making judgements based on the position of the planets.

 

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I don't know the efficacy of Adrian's system (as I said when I posted about it), but I would give it consideration which I would not do to anyone making judgements based on the position of the planets.

 

lol - i was thinking the exact same thing.

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Your not the only one that is confused, so was Jim. He has now amended his post to say that this is the start of Major Three not Five

 

 

Glad he's cleared that one up :lol:

 

Sounds like it's tin hat time again and perhaps some massive volatility on the way - think I'll poke my head out of the bunker again in August!!!

 

SafeBetter

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Update gold buying adverts:

 

In my local papers 4-5 seperate operations now in the city buying each week - 3 have occupied new premises to run their operations.

 

Some purporting to offer 'best' prices - but in reality £70-£80 for a Sovereign!

 

Check out this one (not online yet - but I'm going to keep an eye on it to how they operate):

 

http://www.cashforgold.co.uk/

 

They have been advertising on TV with some toffs running around their mansion selling the family gold/silver/jewels.

 

You put all your goodies in an envelope and send it to them, they value it, if your happy with that they then send you the cash!! It's sad but many decent hard up folks are going to get fleeced here. I think we have only seen the beginnings of this - wait till some big players get in on the game.

 

SafeBetter

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Theres something fishy going on with time today. On this site, time moved an hour and the USD BV chart on 6 hours had weird time movements today between 11am and 1 pm. Any one know whats going on? A glitch in the matrix? :unsure:

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Thanks for posting that ziknik - i never knew gold was in cpu's...or used in satellites.

 

Kind of makes me wonder why gold is still stuck at $930, while the pound reaches 7 month highs...

 

It's not just CPU's but motherboards, memory, plug in cards, mobile phones, in fact anything with digital processing in it. Bare boards, those that are stripped of steel and plastic have a gold content often higher than that of gold bearing mineral ore itself. Older digital equipment has a greater level of gold in it than modern equipment.

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$14 UP in the last hour :blink:

 

What's happening ?? :unsure:

Here is something for the Shorterz and traders:

 

From:

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OFF TOPIC

 

Here is something for the Shorterz and traders:

...

 

I prefer this version

 

From: http://www.youtube.com/watch?v=ruED5XlIeug

 

This is an invasion

An occupation

Immortal Technique

The evil genius DJ Green Lantern

And you're now understanding guerrilla warfare

Is being spread by the superpowers of the industry

To the 3rd world underground of the streets

 

This is for all those who have been labeled extremists,

maniacs, terrorists, shit.

Welcome to the 3rd world.

 

Invasion, a ramp of monetary inflation,

That brought us all to the footsteps of this nation,

Peruvians, Haitians, Ecuadorians,

Nicaraguans, Colombians, Salvadorians.

 

Invasion, a ramp of monetary inflation,

That brought us all to the footsteps of this nation,

Peruvians, Haitians, Ecuadorians,

Nicaraguans, Colombians, Salvadorians.

 

Invasion, a ramp of monetary inflation,

That brought us all to the footsteps of this nation,

 

Invasion, a ramp of monetary inflation,

That brought us all to the footsteps of this nation,

Peruvians, Haitians, Ecuadorians,

Nicaraguans, Colombians, Salvadorians.

 

Invasion, a ramp of monetary inflation,

That brought us all to the footsteps of this nation,

Peruvians, Haitians, Ecuadorians,

Nicaraguans, Colombians, Salvadorians.

 

They call us terrorists after they ruined our countries.

Funding right wing, paramilitary monkeys,

Torture the populaces, then blame the communists,

Your lies are too obvious, propaganda monotonous

And that's not socialist mythology,

This is urban warfare, to the streets of your psychology.

So I'm like the legs of a paraplegic really,

Cuz I'm still part of you, even if you can't feel me.

You can never debate me, the m4's at your baby,

Like troops and gats in Iraq do daily.

So you can marginalize the way you portray me.

But don't get Hollywood and try to play me,

We could shoot it out in a dinner, like juce in the 80's.

New jack city, classic rock mack --

 

 

--You got a contract to kill me, motherfucker that's fine.

Cuz there's a contract to kill your family when I die.

So when your car explodes, don't be surprised.

Soldier, I'm like marine core c4, even blow this spot with the beat rocking at 3.4.

Canvas the flow, like the ghost of Michaelangelo,

This is the anthem, Immortal Technique and DJ Green lantern.

Don't say shit bitch, you don't want the che che to come and fft.

You know what i sick with, lyrical tuberculosis

Cocaine overdoses, blood comin out your noses

That's when death approaches

March to my death smiling

---

There's no escape from this political asylum

 

Revolutionaries don't fear execution

Cuz the death ---

It's just the beginning of spiritual evolution

God will reincarnate me as revolution

 

You can't take out a revolution

You can't kill an idea

Fuck, is you stupid?

You kill that man

He becomes an immortal

 

Ignore the triplets

This is a fully loaded four four

3rd world underground hardcore

Street hop lock the ---

Motherfucker you should know it

Flash the door to the game

Open it -

 

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