Naam Posted April 7, 2013 Share Posted April 7, 2013 True or false, no gold is available to buy in Bangkok? http://networkedblogs.com/JZVJz Look how often with any commodity in Thailand, people simply refuse to budge at a certain price and will just sit on the asset. Look how many condominiums remain empty for many years, if the owner cannot achieve the asking price. Are we seeing this kind of thing in Thailand now with gold? anybody who believes the rubbish "no gold to buy in BKK" did not take for several days the medication the good doctor prescribed. Link to comment Share on other sites More sharing options...
midas Posted April 8, 2013 Share Posted April 8, 2013 This is news to me …………! Soros on gold… people sold their physical gold. It wasn’t a Fed-backed paper generated swamping of the market with short selling? It was people selling their gold according to George. http://tradewithdave.com/?p=16116 Link to comment Share on other sites More sharing options...
Naam Posted April 8, 2013 Share Posted April 8, 2013 isn't any opinion/view available on the internet nowadays? all what one has to do is use the appropriate syntax. Link to comment Share on other sites More sharing options...
cheeryble Posted April 8, 2013 Share Posted April 8, 2013 isn't any opinion/view available on the internet nowadays? all what one has to do is use the appropriate syntax. I guess George's view is not Sorosy. Link to comment Share on other sites More sharing options...
midas Posted April 8, 2013 Share Posted April 8, 2013 (edited) Arizona could soon approve gold, silver as legal tender RELATED: Missouri lawmakers debate U.S. gold, silver coins use as legal tender http://www.mineweb.com/mineweb/content/en/mineweb-political-economy?oid= Only one small problem: "no one can be compelled to accept coin or bullion containing gold or silver."[/size] 55555! Which begs the question whats being bought with this completely impractical currency here? Ah, yes........votes! Trust in Gold Not Bernanke as U.S. States Promote Bullion http://www.bloomberg.com/news/2013-04-08/trust-in-gold-not-bernanke-as-u-s-states-promote-bullion.html Edited April 8, 2013 by midas Link to comment Share on other sites More sharing options...
Jayman Posted April 9, 2013 Share Posted April 9, 2013 (edited) Found this article interesting. Not going to speculate on why the gold is being removed but lets just acknowledge that it is being removed. http://bullmarketthinking.com/comex-gold-inventories-collapse-by-largest-amount-on-record/ Comex Gold Inventories Collapse By Largest Amount Ever On Record April 9, 2013 | By Tekoa Da Silva Over the last 90 days without any announcement, stocks of gold held at Comex warehouses plunged by the largest figure ever on record during a single quarter since eligible record keeping began in 2001 (roughly the beginning of the bull market). See chart below. (click to enlarge) Edited April 9, 2013 by Jayman Link to comment Share on other sites More sharing options...
Jayman Posted April 9, 2013 Share Posted April 9, 2013 Just to put things into perspective.... If you earn your money in Japan Yen and used Yen to buy your gold... today gold just hit a 32 year high when priced in JPY http://www.forexlive.com/blog/2013/04/09/great-day-for-the-gold-bulls-in-japan/ Gold priced in yen hit a 32-year high today. A closer look at the chart shows a more precarious position. The short-term chart narrowly ticked above the February high after a false breakout to the downside early last week. Oftentimes false-breakout reversals can be extremely powerful but until it gets comfortably above the February high, it’s not quite fair to bet that it will continue surging. I have been a gold bear for awhile but the non-farm payrolls report takes away the near-term risk of Fed tapering and is likely to lead to a continued rally. Link to comment Share on other sites More sharing options...
cheeryble Posted April 9, 2013 Share Posted April 9, 2013 Just to put things into perspective.... If you earn your money in Japan Yen and used Yen to buy your gold... today gold just hit a 32 year high when priced in JPY I hear from Silverdoctor.com that gold hit a high in both cowrie shells and dung beetle antlers this week too...... (can't find the chart) Link to comment Share on other sites More sharing options...
Naam Posted April 9, 2013 Share Posted April 9, 2013 Just to put things into perspective.... If you earn your money in Japan Yen and used Yen to buy your gold... today gold just hit a 32 year high when priced in JPY I hear from Silverdoctor.com that gold hit a high in both cowrie shells and dung beetle antlers this week too...... (can't find the chart) the usual exaggeration by the good doctores argenti. it is a well known fact that the common dungbeetle antler (antlerus dungbeetulus) is a much sought after aphrodisiac by the male inhabitants of the Chinese province Heilongjiang where 60mg extract trades for 1¾ gold-presses Latinum equal to 6½ ounces of 999.9 fine gold. Link to comment Share on other sites More sharing options...
midas Posted April 10, 2013 Share Posted April 10, 2013 (edited) Oh dear …..I worry that my fellow countrymen are far too trusting! Trusting the wrong people is why there have recently been so many major scams involving retirement savings. In my opinion this is a very, very bad idea! For example how would you know that the chairman of a private company isn't a Jon Corzine type of guy? Vault Wars – Australians rush to private vaults http://custodianvaults.com.au/ Edited April 10, 2013 by midas Link to comment Share on other sites More sharing options...
churchill Posted April 10, 2013 Author Share Posted April 10, 2013 Goldman advises to short goldhttp://ftalphaville.ft.com/2013/04/10/1455162/goldman-advises-to-short-gold/ Link to comment Share on other sites More sharing options...
midas Posted April 10, 2013 Share Posted April 10, 2013 (edited) Goldman advises to short gold http://ftalphaville.ft.com/2013/04/10/1455162/goldman-advises-to-short-gold/ And of course we know now just how much substance there is to their advice Revealed: Goldman Sachs 'made fortune betting against clients' http://www.guardian.co.uk/world/2010/apr/25/goldman-sachs-senator-carl-levin Edited April 10, 2013 by midas Link to comment Share on other sites More sharing options...
Naam Posted April 10, 2013 Share Posted April 10, 2013 Vault Wars – Australians rush to private vaults... ...and are told "what do you mean by where is my gold?" Link to comment Share on other sites More sharing options...
Jayman Posted April 10, 2013 Share Posted April 10, 2013 Just to put things into perspective.... If you earn your money in Japan Yen and used Yen to buy your gold... today gold just hit a 32 year high when priced in JPY I hear from Silverdoctor.com that gold hit a high in both cowrie shells and dung beetle antlers this week too...... (can't find the chart) I'm sorry but the Japan Yen is one of the major currencies of the world. Are you honestly trying to compare it to dung beetle antlers in order to discredit the facts? What a poor sport indeed. Link to comment Share on other sites More sharing options...
midas Posted April 10, 2013 Share Posted April 10, 2013 Goldman advises to short gold http://ftalphaville.ft.com/2013/04/10/1455162/goldman-advises-to-short-gold/ here is why Cyprus to sell around 400 mln euros worth of gold http://www.reuters.com/article/2013/04/10/cyprus-bailout-gold-idUSB5N0CP00G20130410 Link to comment Share on other sites More sharing options...
Bronzepickup Posted April 10, 2013 Share Posted April 10, 2013 Up, down, sideways. Just like this topic. Link to comment Share on other sites More sharing options...
yoshiwara Posted April 10, 2013 Share Posted April 10, 2013 For example how would you know that the chairman of a private company isn't a Jon Corzine type of guy?Check if he or she is sporting an awful beard. Link to comment Share on other sites More sharing options...
Naam Posted April 10, 2013 Share Posted April 10, 2013 Just to put things into perspective.... If you earn your money in Japan Yen and used Yen to buy your gold... today gold just hit a 32 year high when priced in JPY I hear from Silverdoctor.com that gold hit a high in both cowrie shells and dung beetle antlers this week too...... (can't find the chart) I'm sorry but the Japan Yen is one of the major currencies of the world. Are you honestly trying to compare it to dung beetle antlers in order to discredit the facts? What a poor sport indeed. you posted a fact but for most readers an irrelevant fact Jayman. add to it that (as far as investments are concerned) the hindsight use of "if" is irrelevant too. Link to comment Share on other sites More sharing options...
churchill Posted April 11, 2013 Author Share Posted April 11, 2013 Goldman advises to short gold http://ftalphaville.ft.com/2013/04/10/1455162/goldman-advises-to-short-gold/ here is whyCyprus to sell around 400 mln euros worth of gold http://www.reuters.com/article/2013/04/10/cyprus-bailout-gold-idUSB5N0CP00G20130410 Cyprus Central Bank Spokesperson says $523mln Gold Sale Never Discussedhttp://www.kitco.com/reports/KitcoNews20130410DC_cyprus.html I posted a link a few weeks ago that indicated it was being discussed ... So believe no one Link to comment Share on other sites More sharing options...
mccw Posted April 11, 2013 Share Posted April 11, 2013 Goldman advises to short gold http://ftalphaville.ft.com/2013/04/10/1455162/goldman-advises-to-short-gold/ here is whyCyprus to sell around 400 mln euros worth of gold http://www.reuters.com/article/2013/04/10/cyprus-bailout-gold-idUSB5N0CP00G20130410 Cyprus Central Bank Spokesperson says $523mln Gold Sale Never Discussed http://www.kitco.com/reports/KitcoNews20130410DC_cyprus.html I posted a link a few weeks ago that indicated it was being discussed ... So believe no one A private sale to Germany or the ECB no doubt Link to comment Share on other sites More sharing options...
Jayman Posted April 11, 2013 Share Posted April 11, 2013 (edited) Just to put things into perspective.... If you earn your money in Japan Yen and used Yen to buy your gold... today gold just hit a 32 year high when priced in JPY I hear from Silverdoctor.com that gold hit a high in both cowrie shells and dung beetle antlers this week too...... (can't find the chart) I'm sorry but the Japan Yen is one of the major currencies of the world. Are you honestly trying to compare it to dung beetle antlers in order to discredit the facts? What a poor sport indeed. you posted a fact but for most readers an irrelevant fact Jayman. add to it that (as far as investments are concerned) the hindsight use of "if" is irrelevant too. That gold made new 32 year highs in the gold thread is hardly irrelevant. My use of the word "if" was done to please the readership here as just stating the fact that gold hit a 32 year high when priced in JPY would have met the normal misleading comments that gold is only priced in USD when clearly it's not. In fact, at the twice daily gold price fixing in London, gold's price is fixed in EURO, GBP, and USD. http://en.wikipedia.org/wiki/Gold_fixing Edited April 11, 2013 by Jayman Link to comment Share on other sites More sharing options...
PCA Posted April 11, 2013 Share Posted April 11, 2013 . My use of the word "if" was done to please the readership here as just stating the fact that gold hit a 32 year high when priced in JPY would have met the normal misleading comments that gold is only priced in USD when clearly it's not. In fact, at the twice daily gold price fixing in London, gold's price is fixed in EURO, GBP, and USD. http://en.wikipedia.org/wiki/Gold_fixing and where would you think those prices are derived from? Sorry to say but you are wrong, Gold is a pure USD trade unless there is an unregulated over the counter deal. The prices you see quoted are with slight deviations rooted in currency exchange. Link to comment Share on other sites More sharing options...
Jayman Posted April 11, 2013 Share Posted April 11, 2013 (edited) . My use of the word "if" was done to please the readership here as just stating the fact that gold hit a 32 year high when priced in JPY would have met the normal misleading comments that gold is only priced in USD when clearly it's not. In fact, at the twice daily gold price fixing in London, gold's price is fixed in EURO, GBP, and USD. http://en.wikipedia.org/wiki/Gold_fixing and where would you think those prices are derived from? Sorry to say but you are wrong, Gold is a pure USD trade unless there is an unregulated over the counter deal. The prices you see quoted are with slight deviations rooted in currency exchange. Certainly not going to argue it with you http://www.lbma.org.uk/pages/?page_id=53&title=gold_fixings See for yourself what the LBMA does and how they fix the gold price twice daily and have been doing so since 1919. http://www.goldfixing.com/ As for the process they use to fix the price.. see here Oil had been a pure USD based commodity until recently, perhaps you are confusing oil and gold? Edited April 11, 2013 by Jayman Link to comment Share on other sites More sharing options...
PCA Posted April 11, 2013 Share Posted April 11, 2013 . My use of the word "if" was done to please the readership here as just stating the fact that gold hit a 32 year high when priced in JPY would have met the normal misleading comments that gold is only priced in USD when clearly it's not. In fact, at the twice daily gold price fixing in London, gold's price is fixed in EURO, GBP, and USD. http://en.wikipedia.org/wiki/Gold_fixing and where would you think those prices are derived from? Sorry to say but you are wrong, Gold is a pure USD trade unless there is an unregulated over the counter deal. The prices you see quoted are with slight deviations rooted in currency exchange. Certainly not going to argue it with you http://www.lbma.org.uk/pages/?page_id=53&title=gold_fixings See for yourself what the LBMA does and how they fix the gold price twice daily and have been doing so since 1919. http://www.goldfixing.com/ As for the process they use to fix the price.. see here Oil had been a pure USD based commodity until recently, perhaps you are confusing oil and gold? yes must be that I have confused it with oil or maybe with pork bellies. But I do agree there is no point to argue further. Link to comment Share on other sites More sharing options...
churchill Posted April 12, 2013 Author Share Posted April 12, 2013 As part of the deal 'Privatization and the sale of part of the Cypriot gold stock.' although I have seen no other details http://www.rijksoverheid.nl/nieuws/2013/03/16/goedkeuring-steunprogramma-voor-cyprus.html?utm_source=twitterfeed&utm_medium=twitter As is in the news now ... For sure has been discussed previously Link to comment Share on other sites More sharing options...
mania Posted April 12, 2013 Share Posted April 12, 2013 (edited) Interesting drop in gold tonight Yes USD down but not as low as it was this past Thursday USD @ 82.2 now below 82.1 Thursday Gold at $1505 now Edited April 12, 2013 by mania Link to comment Share on other sites More sharing options...
Jayman Posted April 12, 2013 Share Posted April 12, 2013 Interesting drop in gold tonight Yes USD down but not as low as it was this past Thursday USD @ 82.2 now below 82.1 Thursday Gold at $1505 now Looks like it went all the way to $1490 before it found support around $1500. Hopefully gold will close above $1500 today or it could really get ugly. Link to comment Share on other sites More sharing options...
mania Posted April 12, 2013 Share Posted April 12, 2013 Interesting drop in gold tonight Yes USD down but not as low as it was this past Thursday USD @ 82.2 now below 82.1 Thursday Gold at $1505 now Looks like it went all the way to $1490 before it found support around $1500. Hopefully gold will close above $1500 today or it could really get ugly. Yes $1550-ish range has been getting hammered a few times now I was just wondering earlier today if it would hold. Seems it did not so your earlier prediction may come thru. I did not expect $1550 to break as it did. Link to comment Share on other sites More sharing options...
Jayman Posted April 12, 2013 Share Posted April 12, 2013 $1520/22 was supposed to be a strong support but gold crashed right through it. I would see it a bullish sign if it closes above that area ($1522 or so) but just a close above $1500 would be ok by me. If we close below $1500 then all bets are off hold on to your hats. Link to comment Share on other sites More sharing options...
mccw Posted April 12, 2013 Share Posted April 12, 2013 Nice aucastrated Squeeze, Before unleashing the raging bull Link to comment Share on other sites More sharing options...
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