Where Is Gold Going In This Market

[rijb]

10 countries with the biggest gold reserves in the world.

[flying]

10 countries with the biggest gold reserves in the world.

You know it is very hard to hold USA#1 for gold when they have not allowed any to see it in over 50 years.

[gogobar8]

10 countries with the biggest gold reserves in the world.

You know it is very hard to hold USA#1 for gold when they have not allowed any to see it in over 50 years.

Gold round the tgf's neck looks fine.

[Lost in LOS]

10 countries with the biggest gold reserves in the world.

You know it is very hard to hold USA#1 for gold when they have not allowed any to see it in over 50 years.

yep, I think we are out of it

[churchill]

Gold bugs digging out, again

http://www.marketwatch.com/story/gold-bugs-digging-out-again-2012-03-08?link=MW_home_latest_news

[Naam]

Gold bugs digging out, again

http://www.marketwat...ome_latest_news

On Wednesday, a correspondent at Le Metropole Café reported high premiums in both India and China, indicative of strong demand from those key consumers.

when Mrs Naam returns from BKK this evening she will tell me "I TOLD YOU SO!" and of course i will not dare to ask "when will those key consumers buy instead of only indicating?"

[churchill]

10 countries with the biggest gold reserves in the world.

You know it is very hard to hold USA#1 for gold when they have not allowed any to see it in over 50 years.

The Key to the Gold Vault

http://newyorkfed.or...b/goldvault.pdf

and in the UK .. could be nicely wrapped Chocolate ...

http://www.hautelivi...erneath-london/

Venezuela 1st who's going to be 2nd Switzerland or Germany ..It's going .. going ..

Edited March 8, 2012 by churchill

[falkan]

Buy: ฿24550

Sell: ฿24650

Last Update: 2012-03-08 16:45:03

Price Change: +150

Thanks for that!

[Jayman]

10 countries with the biggest gold reserves in the world.

You know it is very hard to hold USA#1 for gold when they have not allowed any to see it in over 50 years.

The Key to the Gold Vault

http://newyorkfed.or...b/goldvault.pdf

and in the UK .. could be nicely wrapped Chocolate ...

http://www.hautelivi...erneath-london/

Venezuela 1st who's going to be 2nd Switzerland or Germany ..It's going .. going ..

Wonder where the German gold is?

http://www.bild.de/geld/wirtschaft/edelmetalle-gold/bild-beim-gold-schatz-der-deutschen-in-new-york-22990156.bild.html

[gogobar8]

10 countries with the biggest gold reserves in the world.

You know it is very hard to hold USA#1 for gold when they have not allowed any to see it in over 50 years.

The Key to the Gold Vault

http://newyorkfed.or...b/goldvault.pdf

and in the UK .. could be nicely wrapped Chocolate ...

http://www.hautelivi...erneath-london/

Venezuela 1st who's going to be 2nd Switzerland or Germany ..It's going .. going ..

Wonder where the German gold is?

http://www.bild.de/g...90156.bild.html

Last time I took a look it was round the pretty thai girl's neck.

The bikini looked pretty good too.

[Naam]

10 countries with the biggest gold reserves in the world.

You know it is very hard to hold USA#1 for gold when they have not allowed any to see it in over 50 years.

The Key to the Gold Vault

http://newyorkfed.or...b/goldvault.pdf

and in the UK .. could be nicely wrapped Chocolate ...

http://www.hautelivi...erneath-london/

Venezuela 1st who's going to be 2nd Switzerland or Germany ..It's going .. going ..

Wonder where the German gold is?

http://www.bild.de/g...90156.bild.html

what does it matter where how much gold belonging to whom is stored? the knowledge neither buys a noodle soup from a street vendor nor does it pay for sipping a Leo or Chang on the steps of a 7/11.

[edgarfriendly]

This isn't ivegotagirlfriendandiboughthergoldandabikiniandtellstrangersrepetitiously.com

Edited March 9, 2012 by edgarfriendly

[lannarebirth]

As a public service announcement I'd like to let everyone know that Mrs. LRB has been on my ass for the past couple of weeks to start trading Gold as her friends "are making money everyday buying and selling". She says "they buy it when it goes down and sell it later when it goes back up and it always goes back up"

She's never shown any kind of interest in this kind of thing before, so make of it what you will.

[Jayman]

As a public service announcement I'd like to let everyone know that Mrs. LRB has been on my ass for the past couple of weeks to start trading Gold as her friends "are making money everyday buying and selling". She says "they buy it when it goes down and sell it later when it goes back up and it always goes back up"

She's never shown any kind of interest in this kind of thing before, so make of it what you will.

Well I can understand from a Thai women's perceptive it's hard to lose money when someone buys you gold and you sell it then you always come out ahead.

[Jayman]

Wonder where the German gold is?

http://www.bild.de/g...90156.bild.html

what does it matter where how much gold belonging to whom is stored? the knowledge neither buys a noodle soup from a street vendor nor does it pay for sipping a Leo or Chang on the steps of a 7/11.

Hmm.. it matters cause it's this "stored gold" being leased that is being short sold on the market driving prices. If more foreign governments inquire and reclaim their physical gold (look at Venezuela) it will cause a run on physical gold and hence a bunch of short paper covering.

[muchogra]

Has anybody made money on gold on the past weeks? Yeah, I did! The fact is I lost on playing the index.

I said in my last post that one shouldn't put a stop cos you would get stopped out almost every time, but that applies to the index and not gold.

Playing the SET50 index needs a lot of conviction and sticks to it. But then it needs a lot to back it up. For myself, I never play more than 20% of what I have. And that is not even enough! This market is so heavily manipulated, it makes you lose sleep over it. If you don't have it, bet on it. If you have it, better avoid it. My friend lost 100m thinking he's "big".

[gogobar8]

This isn't ivegotagirlfriendandiboughthergoldandabikiniandtellstrangersrepetitiously.com

Keepyourlovelettersthrowawayourbankstatements.com

Both are only paper.

[flying]

As a public service announcement I'd like to let everyone know that Mrs. LRB has been on my ass for the past couple of weeks to start trading Gold as her friends "are making money everyday buying and selling". She says "they buy it when it goes down and sell it later when it goes back up and it always goes back up"

She's never shown any kind of interest in this kind of thing before, so make of it what you will.

You know I'm sure because I have read your posts for years......But a trading range can be nice

Your wife has noticed that & wants to play musical chairs too

I remember making some $$$ in 99-2000 when the NASDAQ was a mess...But all the computer chips

had a definite trading range & it seemed easy to see support & resistance so I was happy pressing the button

every day or two.

But of course as in all gambling I eventually lost more than I won .....or should say....more exactly lost all I had won back to the house

[Naam]

Wonder where the German gold is?

http://www.bild.de/g...90156.bild.html

what does it matter where how much gold belonging to whom is stored? the knowledge neither buys a noodle soup from a street vendor nor does it pay for sipping a Leo or Chang on the steps of a 7/11.

Hmm.. it matters cause it's this "stored gold" being leased that is being short sold on the market driving prices. If more foreign governments inquire and reclaim their physical gold (look at Venezuela) it will cause a run on physical gold and hence a bunch of short paper covering.

how many cents per ounce did the price of Gold rise after Chavez brought Venezuela's gold home?

by the way, there are a zillion ways to short Gold without any ounce owned or leased.

[Jayman]

Wonder where the German gold is?

http://www.bild.de/g...90156.bild.html

what does it matter where how much gold belonging to whom is stored? the knowledge neither buys a noodle soup from a street vendor nor does it pay for sipping a Leo or Chang on the steps of a 7/11.

Hmm.. it matters cause it's this "stored gold" being leased that is being short sold on the market driving prices. If more foreign governments inquire and reclaim their physical gold (look at Venezuela) it will cause a run on physical gold and hence a bunch of short paper covering.

how many cents per ounce did the price of Gold rise after Chavez brought Venezuela's gold home?

by the way, there are a zillion ways to short Gold without any ounce owned or leased.

And that's exactly how the central banks keep the price of gold from exposing all their rampant QE. Shorting paper gold that doesn't exist.

[Jayman]

Well, it's official.. greece has defaulted triggering the CDS. Gold did a small rally when this news broke just before markets closed on Friday...

edit: come to think of it.. this credit event might mean that greece loses all its physical gold to it's creditors.

Edited March 10, 2012 by Jayman

[lannarebirth]

Well, it's official.. greece has defaulted triggering the CDS. Gold did a small rally when this news broke just before markets closed on Friday...

edit: come to think of it.. this credit event might mean that greece loses all its physical gold to it's creditors.

Well, that whole thing seems to have been much ado about nothing. I thought it might have farther reaching ramifications but it turns out to be chump change. From my reading it's less than 3 Billion $USD spread over an assortment of counterparties. Shouldn't be an issue.

[Jayman]

Well, it's official.. greece has defaulted triggering the CDS. Gold did a small rally when this news broke just before markets closed on Friday...

edit: come to think of it.. this credit event might mean that greece loses all its physical gold to it's creditors.

Well, that whole thing seems to have been much ado about nothing. I thought it might have farther reaching ramifications but it turns out to be chump change. From my reading it's less than 3 Billion $USD spread over an assortment of counterparties. Shouldn't be an issue.

I hear more like 37 trillion. The 3Billion number is a media lie.

The BIS confirms, in the area of CDS’s the total outstanding is approximately $37 trillion. So I believe the reports being given about this just being a small and modest market event is false. As a market observer and having more than 50 years in the business, the real number is at least 50% or more of the existing $37 trillion that is related to Greece.

The $3.5 billion figure being quoted in the press could easily be the reporting to the US Comptroller of the Currency. For example, a foreign, non-consolidated subsidiary of a US bank, operating out of London, reports the size and kind of the over the counter derivatives to the BIS, not the Comptroller of the US.....

[midas]

Well, it's official.. greece has defaulted triggering the CDS. Gold did a small rally when this news broke just before markets closed on Friday...

edit: come to think of it.. this credit event might mean that greece loses all its physical gold to it's creditors.

Well, that whole thing seems to have been much ado about nothing. I thought it might have farther reaching ramifications but it turns out to be chump change. From my reading it's less than 3 Billion $USD spread over an assortment of counterparties. Shouldn't be an issue.

I hear more like 37 trillion. The 3Billion number is a media lie.

The BIS confirms, in the area of CDS’s the total outstanding is approximately $37 trillion. So I believe the reports being given about this just being a small and modest market event is false. As a market observer and having more than 50 years in the business, the real number is at least 50% or more of the existing $37 trillion that is related to Greece.

The $3.5 billion figure being quoted in the press could easily be the reporting to the US Comptroller of the Currency. For example, a foreign, non-consolidated subsidiary of a US bank, operating out of London, reports the size and kind of the over the counter derivatives to the BIS, not the Comptroller of the US.....

every time the media report on absolutely anything these days it's like playing spot the lie

[gogobar8]

Mr gogobar8.. not sure if you read the subject of the topic here but we are discussing gold. If you wish to discuss leo or noodle soup, go start another thread.

Message understood.

Where is Gold Going in this World?

China.

Financial services could well come out of Singapore.

London and New York surplus to requirement.

ATB

ggb8

[lannarebirth]

every time the media report on absolutely anything these days it's like playing spot the lie

I'm just telling ya what I heard:

Separately, the International Swaps and Derivatives Association said activating the collective action clauses constitutes "credit event" under its guidelines.

The widely expected ruling means that credit default swaps, derivative contracts that investors use to insure against default, will be triggered on some Greek bonds.

However, the market for CDS contracts on Greek bonds is relatively small, valued at $3.2 billion, and analysts do not expect the ruling to be disruptive to financial markets.

The ISDA said it will hold an auction March 19 to establish the "recovery value" of Greek debt, which will determine the net payouts made under CDS contracts.

ISDA chief executive Robert Pickel told reporters in a conference call that the final CDS payout will be "much smaller" than the net $3.2 billion exposure.

"We do not foresee a big impact from the Greek credit event on financial markets," he said.

http://money.cnn.com/2012/03/09/markets/greece-creditors-default/index.htm?iid=HP_LN&hpt=ibu_c1

[Jayman]

every time the media report on absolutely anything these days it's like playing spot the lie

I'm just telling ya what I heard:

Separately, the International Swaps and Derivatives Association said activating the collective action clauses constitutes "credit event" under its guidelines.

The widely expected ruling means that credit default swaps, derivative contracts that investors use to insure against default, will be triggered on some Greek bonds.

However, the market for CDS contracts on Greek bonds is relatively small, valued at $3.2 billion, and analysts do not expect the ruling to be disruptive to financial markets.

The ISDA said it will hold an auction March 19 to establish the "recovery value" of Greek debt, which will determine the net payouts made under CDS contracts.

ISDA chief executive Robert Pickel told reporters in a conference call that the final CDS payout will be "much smaller" than the net $3.2 billion exposure.

"We do not foresee a big impact from the Greek credit event on financial markets," he said.

http://money.cnn.com...P_LN&hpt=ibu_c1

Yeah that seems pretty typical of the MSM reporting.. "nothing to see here. move along"

I mean after all it's only a country defaulting on it's creditors. No big deal right? No effect of financial markets. Funny how those same papers were saying how the sky was falling when this whole thing started.

[Jayman]

http://graphics.thom...NE_REPORT2.html

try going there and looking at the bank exposure map.

or here http://graphics.thom...EXP0212_SB.html

We'll see how this official default and the impending CDS auctions will "not" effect the markets on the 19th. My take it that gold is going to get a boost by all this until the banks step in again to manipulate "intervene" in order to hide the negative effects of all this money creation called "QE"

France alone has nearly 50 Billion in exposure to Greece debt.

Edited March 10, 2012 by Jayman

[sbk]

Troll posts removed, if it happens again please use the report button, thanks

[Naam]

However, the market for CDS contracts on Greek bonds is relatively small, valued at $3.2 billion, and analysts do not expect the ruling to be disruptive to financial markets.

journàsslist! the quoted amount of $3.2-3.5 billion is correct. however it is not the market value but the pos/neg net balance of all CDSs on Greek bonds presently in the market. a year ago that net balance exceeded $5 billion.

correct is also the assumption that this peanuts amount will not be disruptive to financial markets even though a few banks with relatively individual high exposure might get into temporary trouble till an injection of taxEURos will solve their problems.