A forum to discuss Gold price movements.
Where is present demand, what future demand do we anticipate.
Who is selling and who will be selling.
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A forum to discuss Gold price movements.
Where is present demand, what future demand do we anticipate.
Who is selling and who will be selling.
Already have an account?
Login here
hahaha don't get me started www.gata.org should be the first point of call
central banks are using the bullion banks (so called) to squash the competition to fiat currencies. they are the only sellers left after the initial hedgefund unwinding process. you could get demand stats from gfms but for my money they are owned by the cartel. JPM and barrick claimed sovereign immunity many years ago in defence of a bullion dealer's claim that they were fiddling the price. ps the move last friday was option expiry rather than futures delivery - first date for standing for delivery of dec comex is this friday the 28th and the process will continue all the way through december. read this article on GOFO and the method of cbank leasing...cbanks have at best half the reserves they claim as assets - probably less, the rest has long since become a liability. am banking on becoming the 'go to' man in London to discuss all this once the price breaks free of the current manipulative stranglehold - none of the big houses will touch the subject as they are all up to their eyeballs in it
http://www.financialsense.com/editorials/cliffkule/2008/1125.html
Is this it?
The dollar index is falling, technically resistance is very thin.
What would a rapid fall in the USD do to demand for treasuries, which yield zero?
Where would money feel safe if not in treasuries?
Quantitive easing, backwardation...
This is going to be sudden when it happens. Has it started?
Why is it going to be sudden? It's been going on for years - dollar devaluation isn't going to happen overnight. Do you really think China and Japan are going to dump trillions of dollars worth of Treasuries? It's in their interests too to keep the US afloat.
what is happening with the usdx which big bro is absolutely right to be watching is that the hedgies will imminently reverse their pair trade again and go long gold silver and oil and run from the dollar. the entire market has been waiting months for the dollar death dance to run out of steam before fundamentals based investing can take over - this is the beginning of the end for the 37 year global fiat experiment and is great news for tangibles....
ps the other option ex-tangibles is 'solvent' government bonds - norwegian and canadian govt bonds are what i buy for the clients - nice yield in relative terms plus obvious currency appreciation as these countries are inordinately well placed to capture flight to safety bond money running from ustreasuries and gilts etc