Stacy Summary: More gold talk. But also, any other headlines or stories you want to share.
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ref. max keiser & Get 6 mo’s free storage
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Rick Ackerman-
- King World News
- Mish
- Karl Denninger – Market Ticker
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- Michael Hudson
- ZeroHedge
- The Big Picture
crash banksters – Buy Silver & gold
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/platinum/t24_pt_en_usoz_2.gif)
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Most recent: 
Oooops!
Let the cat out of the bag a little too early.
Never mind what I said….sell when the price reach 500,000 zloty!
Eureka!!!!
Turns out the 49er’s were right!!!! Huge massive gold deposit the size of Calee-Fournia found right under Calee-Fournia. Arnold now plans to buy France and call it Little Austria. Should depress the gold market price by 498/500ths if not 499/500ths. Every Calee-Fournian now a Billionaire in euros, Francs, Yuan, SDRs, and baseball cards .
Gold: It’s All about the Dollar…and Yes, Dr. Roubini, Inflation by Dian L. Chu http://dianchu.blogspot.com/2009/11/gold-its-all-about-dollarand-yes-dr.html
is Max related to Taco Ockerse??? they look kind of similar.. You know, they guy who sings ‘puttin on the ritz’
http://www.youtube.com/watch?v=RZum_o-GAEI&feature=player_embedded
Eline van den Broek of the European Indepedent Institute discusses our health care debate in the context of her experiences in Europe.
Joe, you are prescient to an extreme. Your post from ’01 is the earliest i’ve seen to date that predicts the slow motion armageddon we’re going through. Max may have seen it before but I don’t think he had publicly pronounced it.
Can you please tell me what to do? I am so scared.and confused. Sometimes i feel like I’m still living but frozen in time. I read all the info I can but everything gets jumbled up in my head to the point of paralysis. I don’t even care if I loose all of my savings or the house or even my own life. I just want to make sure my daughter is OK.
I know it’s late and you probably won’t see this, but it’s just a way for me to experience a little mental release. Maybe I’ll finally be able to sleep tonight. Thanks for the post.
There once was a Goldman Sachs.
That carried a magical axe.
The gilded drew a line,
To test this paradigm.
Whilst the plebes felt better, not to ask.
Some election results:
GOP won gubernatorial races in NJ and Virginia w/ majority of voters saying Obama’s leadership had nothing to do with their votes.
Dems picked up NY-23 . . . the race that Palin, Beck, Dick Armey, and the teabag crowd injected themselves into by trashing the Republican candidate and endorsing the Conservative winger tool who didn’t even live in the district, and knew nothing about local politics or local needs. A member of the Whig Party held this district more recently than has a Dem–that’s how long NY-23 has been under GOP control.
A Colorado ski-town voted overwhelmingly to legalize pot (woo-hoo!):
http://www.huffingtonpost.com/2009/11/04/breckenridge-votes-overwh_n_344815.html
And Bloomberg narrowly won his 3rd term. Interesting that big money had a difficult time winning. Bloomberg spent over $100 million just on this election and won by something like 50,000 votes. The other big money candidate, Corzine, lost in NJ. Dems really didn’t care for Corzine so that helps explain why more people didn’t turn out to vote for him, but I wonder how much of it had to do with Goldman Sachs backlash.
@Joe
Well, they used to say illegal immigrants were necessary because no one could get Americans to do that kind of work.
Secret copyright treaty leaks. It’s bad. Very bad.
http://www.boingboing.net/2009/11/03/secret-copyright-tre.html
The Chicago Mercantile Exchange announce that it will accept physical gold as collateral for margin requirements. This was
a bulletin sent by our trading platform last week.
http://shockedinvestor.blogspot.com/2009/10/chicago-exchange-to-accept-gold-for.html
“Its the equivalent of selling apples in the Great Depression”
http://www.lasvegassun.com/news/2009/nov/02/new-faces-day-labor/
The new faces of day labor
U.S. citizens are joining immigrants in store parking lots
Image
his is what I have been saying for awhile:”Indeed the entire banking system in insolvent right now. It is physically impossible to pay back all the credit that has been extended on the fiat base money supply that actually exists.”
My contention is that money doesn’t exist in banks, only in the accounts of customers and thus the socalled printing is nothing more than providing liquidity for an over extended banking system in return for some of their good assets. The money has already been printed. I think this might be akin to what Steve Keen wrote last month, that banks never get money from the Fed first and lend, but the other way around. Since there isn’t a reserve requirement, what we really face is a liquidity requirement between banks. Being a bank has to be able to write a good check (between banks, not between us) they need that money that has been printed to keep the wolves away from the door, not to lend. Most cannot act as surety for more loans, as their liquidity going forward is very poor. QE has allowed them to hide their bad assets while giving them a market for their not so bad assets and allow them to cash their checks between banks. Being most currency printed is out of the country, the monetary base means very little in the inflation/deflation scheme. The truth is that banks are insolvent.
Here is an early stab I made at the Prudent Bear website back in 2001 about the effect of what we went through last year. I scored a lot of hits on this post 7 years forward, though I only marginally knew what I was talking about. http://www.suite101.com/discussion.cfm/investing/37993/390041
Canwest global communications, a media conglomerate which operates in Canada Australia and New Zealand, which delcared bankruptcy protection last month, is now 64% owned by Goldman Sachs… Stacy and Max care to comment on that?>??!?!?!??!
Florida Auto dealer takes gold payment
http://www.bobdance.com/bob-dance-gold-rush.htm
Why do you always put the larger scale images of snap shots of the Gold price in USD?
The USD is dead, and there is a side ticker on the web site for it anyway.
There are already 9.9 x 10^56 reasons for people to hate loathe and despise the existence of the USD and the US … do not keep throwing thermonucular weapons on the the bonfire…
Put the sale price up in Euros or AUD — but CHF and Rand might just be equally suited to the task. Is it not true that a partly Gold backed currency best reflects the price of Gold?
@Frances, TA, needed my MA & PA fix, delay in my reply had to go and teach this morning, lunch now then back to the grind.
@Mother Earth, thanks for your comments, I am still leaning towards the actual gold mines, we have lots here in Australia, I recon that they are just cash manufacturing plants.
Agree with the Thailand destinations, although I live in Far North Queensland and its pretty neat here too.
@Frances – Timbuktu
Yep, ah larned that’un when ah lived in Jawjuh.
uuuh eee uuuh aaah aahh
bing bang walla walla bing bang
uuuh eee uuuh aaah aaah
bing bang walla walla bang
g’nite
Good Tennessee Poetry wins the day:
@Will:
http://users.rcn.com/python/humor/contest.htm
At this point, gold is a hedge against fiat currency. The relative value against other major commodities will not vary plus or minus 10%. This leaves room for bets, take your pick . . . do you feel lucky punk? Well do ya?
@Mike
The masses will forgo beer and rent to buy gold once the mania hits . . . a sure fire “win” just like the NASCAR toy model cars.
“Masses buy Gold”
THEY ARE BROKE, WHY DO YOU THINK THE SYSTEM WAS BOUGHT DOWN!!!!!!
Mike
Dow gold chart 9.01 ounces of gold to buy the dow
http://stockcharts.com/h-sc/ui?s=$INDU:$GOLD&p=D&st=1980-01-01&id=t16189504413&a=13195943&r=5865&cmd=sendchart
201? What the heck . . . lets make a new page.
@Mother Earth
I was thinking the same . . . “it hasn’t really moved yet.” However, I think I will hold for a bit. Jim Willie has a stake in the outcome and although his reasoning has merit, so did every analyst who cried BUY at the top.
basejumper hits tall building
http://www.liveleak.com/view?i=ac7_1257271918
@dan2
Buy gold, it hasn’t really moved yet. When the physical shortages are becoming a problem the real adjustement is expected. Judging from Jim Willies sources that will be pretty soon.
@Thomas
As the USA were to Indians . . . Israel is to ________
The question is, will Israel achieve the same results in the modern era? In the era of communication outside of PTB?
AMERICA – WHERE ARE WE HEADING?
http://www.liveleak.com/view?i=585_1257246501
Especially the beginning is telling tale…..
Go Gold! Go Silver!
————
President Obama utilized Abraham Lincoln and Martin Luther King to win the White House. Lincoln freed the slaves because the law allowing slavery was morally wrong. To do this he had to break some rules whilst ignoring the American Constitution. To Lincoln, freeing the slaves was more important than following the rule of law. To paraphrase philosopher Henry David Thoreau from his essay, On Civil Disobedience, when a law is as morally reprehensible as slavery, then the law must be broken. That is what Lincoln did. Martin Luther King followed Thoreau, as did Mahatma Gandhi. These people believed in civil disobedience to right what is wrong. King sought to eliminate segregation, which amounted to apartheid in America. Obama jumped on their bandwagons, indicating that he will follow those who fought for civil rights.
But Obama continues to follow the rule of law that allows Israel to do what it wants to the Palestinians within its borders. To uphold apartheid within its borders, Israel committed another horrendous massacre of Palestinians. It was carried out until the eve of Obama’s inauguration! This was by design. Does Obama condemn Israel? Does he even reprove Israel? No. Obama wants to negotiate for peace in the Middle East by forcing everyone in the region to recognize Israel’s right to segregate, bully, abuse and slaughter Palestinians. Hence, the rule of law is morally repugnant in this instance!
Israel has clearly demonstrated that it will govern inhumanely towards the Palestinians. The solution to the Israeli civil war is to ostracize the nation and politically disassemble it. Since Israel has failed miserably to honour even the most basic of human needs and rights for its Palestinian citizens, it has forfeited its right to be a nation. It was artificially assembled and it can be disassembled when it no longer works. Thus, Israel should be DISMANTLED.
http://thomaspainereturns.net/posts/apartheid.html
I recall Max saying when the masses clamor for gold . . . it is time to sell. There has been a definite uptick in gold enthusiasts today. Is it time to sell, hold or buy . . . opinions please.
On a side note. Climate change is now a religion. Can I be a non profit Church of Climate Saints? Al Gore can be the prophet who brought us “The Message”.
“And I say unto thee, cast out your demons of energy consumption. It is more difficult for a driver of a Hummer to enter Heaven than a Green Peace activist to mate with a tree.”
@OP
To add, It does not make sense currency exchange rates are preserved in golds movements, not at all. Silver used to be cheaper in Australia, but their bullion export is no longer allowed. It may be a move to make the market less interesting, or to avoid arbitrage of any asset that does not move with gold (i’m talking out of my arse perhaps)
GOLDMAN SACHS GANGSTERS PARADISE (Updated) http://tinyurl.com/yhsajub
@TOP – Where is the best place to buy silver in Canada?
You can get anything you want at RBC branches, from rounds to bars to silver certificates of deposit. There is no commission and no tax (depends on the province, though). There is of course Kitco, too. Other than that, I don’t know. Sometimes you can get pretty good deals even at small coin stores.
@OP
I look at gold buying as buying anything else. When learned mines where closing bcause of the downturn, and mines where selling their gold long before it was mined I thought it would surly be an upwards market. Gold is used and lost, India needs gold like the US needs oil. The stuff will look the same after 2000 years and is sold in need bullion bars. There are places that are required by law to accept and sell gold (because physical gold is not that liquid imho). Then there is the fiat currency universe that seems to be imploding. Buying gold is like taking your money out of the casino. So looking at all these factors as one looks at anything on may buy there is no barrier for gold. So then you buy it. I hope I will be able to barter with what I have because of tax visibility. I simply hate the system of tax enabled civil servants that do not provide any benefit to any benefit in the real economy.
Silver is being used up, so that is also a no brainer from the start.
Now of course if I understood markets and banks better I might be into oil, and I would like to own land in Surinam or Thailand for instance, that would completely rock!
what is the best place to buy silver in Canada?
@Frank … ” If they feel they are part of the establishment then they won’t be as likely to criticize”
Aha .. somebody spotting the significance .. well done.
Why were you not invited ? … they’re looking for “yes men” only !
Hoot-n-Holler all day round here to get heard! I say, Steller? Where’s them oveealls I had’on yesteeday?
Pa! Ma hung um with my-Sunday-goes-to-church dress to dry. Why?
Shoot-n-tarnation! Grannie’s teeth are in them pockets! MA! I just stepped out’n them oveealls and youz gotta hangin on the line! Mights az well hang me in ‘em!
Whats-that-you-say’in? Well, howz I supposs-to-know? Let me look out backen that squash patch…
Good-Lordy! Ma! Dontcha know them teeth might worth’n these days? Ain’t that aright, Stella?
Yep, yessir. I’m areadin that the IMF done sold all its gold, Pa. Seems they got-a-itch allther time. Alway’s asellin somethin.
NOW, DONTCHA WORRY THERE, PA. I DONE FOUND EM IN THE COLLARDS.
I don’t rightly know, Peanut. Should we sell now or wait till theys worth more?
Pa, I’m think’n you puts too much time aworryin bout what you don’t got and not ‘nough time bein thankful for whatz you do. Remember what Pastor Bud toldz us last Sunday?
Well, shoot. Let’me spit on that one. errrrsplatz. I done been thankful, Honey, just settin ready to be more thankful. Gold is as good and honest as that there paster anyoleday. Gimmee them teeth. I just might hold’on to em a bit.
Analysis of Buffet deal.
While he did say he’s betting on America it also seems he is betting on high oil prices and a crumbling US infrastructure to continue into the forseeable future. That sounds like a good reason for investing in rail. Also, because of diluting Berkshire hathaway stock to make the purchase, we commoners will be able to buy into BH for about $63 /share
http://www.cnbc.com/id/15840232?video=1317979167&play=1
Silver, from a comment on ZH:
The more things change, the more they stay the same…
The Gold Rush (from Time, 31-Oct-1960)
more…
@ Will
that is cool! rubber stamping fed assholes. I am going my own way and just stocking up on the important necessary stuff. tools, farm equipment. That was a very interesting post. Either way the dollar has devalued from 1980, so perhaps the only thing that is truly out of sink is the “real” price of gold in USD
Hiddie hoe boys! Hiddie hoe!
well, I can only say that I wish I had the $$$ back when gold was kickin’ around $300+/- luckily I have been picking up silver bullion here and there. i was trying to decide whether solar panels would be more valuable than silver, thinking to myself “could I really part with a few ounces to get the PV panels, I mean really?”or chickens and eggs, could I trade silver for some good layers? HELL yes, if something is really needed value increases. I am about to submerge, check out, go off the grid and get fuck$ng wild! (shit hurling monkeys screeching in the back round; macaws cry out, disturbing the canopy as they take to flight)
Check list:
100K organic heirloom seeds, a generator and some PV panels. We will add chickens, pigs and goats before long.
Propane stove, fridge…ect.
Enough ranting! I guess the point is, value is only as good as the guy who is holding and the guy who is selling, or trading. So, I make my point once again. What is the value of a gold coin if, in thy hunger it is only a fried chickens leg thou’ seek?
have you ever missed a meal? Hunger sucks!
The absolute most valuable thing to man if food, (water and air for another argument).
Sure, a guy could chop up a pretty gold coin into pieces of eight for barter but what would be the point in having gold only to buy into a new currency where gold would be hugely devalued, or trading gold for chicks (not the kind a man might meet in a bar)?
Anyone? Am I freaking mad?!?!?
1,600 are suggested daily for FBI’s list
1 November 2009, by Walter Pincus (The Washington Post)
http://www.washingtonpost.com/wp-dyn/content/article/2009/10/31/AR2009103102141.html
Note that this is a press release, but FWIW:
Author Says G-20 Meeting in Scotland this Week about Dumping U.S. Dollar
Today’s high gold price ($1,089.10 according to Kitco) is only $423.93 in 1980 dollars (I use this year because gold hit its all-time high then). This means we’ve got a long way to go before we make a real new high. More smoke ‘n mirrors, courtesy of your friendly Federal Reserve Bank!
If you’d like to play with the Fed’s claculator yourself, click here. It’s fun to put in your salary today, for example, and then see how much that would have been at some earlier time (note: This is relative, depending on how old you are!)
The Fed – Home of the Rubber Ruler.
@phil
Thanks for the link about the bloggers. This feels significant to me. It means that bloggers have achieved a measure of power. It seems to me that the government is trying to co-opt them like they do the MSM. If they feel they are part of the establishment then they won’t be as likely to criticize. Maybe it is a sort of a clandestine recruiting session ala the way the CIA would recruit an agent.
Very interesting stuff. I think the government and in particular the Treasury Dept is feeling the heat of all the criticism coming its way. Why didn’t they invite me? I have a blog and am critical of Treasury. In fact I’ve been calling for having Geithner fired. Maybe they’re looking for people that are more on the fence.
Timothy Geithner: The Goldman Sachs fink in the White House
Hey Frances, I need one of your hillbilly rante fixes on the gold situation. Please
@anders brile hide them from frances and good luck
I bought a tube of 20 kruger today
@Frances – I am merely exercising my right to use litotes in poetry, which is fair according to UN ruling #546.254 of the NWO. Cheers!
NO, Dante. It means that when things seem too good to be true, they usually are just that. It means the only ones that can play the game now are the ones using the new game board. Old pieces will soon be obsolete. Didn’t anyone tell you that the game boards changed?
Do you think the same group that brought us G20 Pittsburgh riot policestate hegemony will allow you, Dante, to keep your gold at the accelerating “price”?
HAHAHAHAHA
Somebody made a $2000 + bet on intrade.com that ex-Goldman/Sachs gov. Corzine of New Jersey will LOSE the election today.
Can someone say, “hedging”? I.E. if Corzine loses, things might get worse (slightly) for GS insiders, so why not make a little profit if that happens. By the way there is no counterveiling bet the other way to balance this out.
@OP…I don’t know your situation…but I’d break that lump sum up.
Then I’d have a strategy on how I would deploy each chunk of it.
Some gold, some silver, some foreign currency, some foreign equities..etc
@Frances:
Are you going to barter your gold for mustard and share with Dedo?
No…he just said he has 16 tons of hot dogs…he should share with all of us.
Why don’t you barter your gold now?
Because its going higher.
Do you feel a thrill playing the ‘big boy’s game’?
What kind of a question is this…does this mean worldly-wise Frances is feeling a little jammed up always talking gold down when it continues to go up?
@Dante well thats what we have been led to believe is happening. If you had $500K in cash would you have the bollucks to exchange it for gold?
May be a basis for the US$-Index calculation !
How so, Phil? The two operate in separate systems entirely. You THAT good at figures?
IMF is using sdr shenanigans to further empire abroad.
@Will:
NO, Illya would be terse in reverse.
@Dante:
Are you going to barter your gold for mustard and share with Dedo? Why don’t you barter your gold now? Do you feel a thrill playing the ‘big boy’s game’?
Barney Frank defends his legislation to “regulate” derivatives
http://www.cnbc.com/id/15840232?video=1317871032&play=1
OP so why is it so different now?
What’s different now is that futures are paper derivative based markets. The manipulators use paper supply to control price. Physical demand is behind the wheel now (think India/China/ and anyone looking to protect wealth).
@Phil:
Explain to me how sdr-exchange rates are meaningful seeing as the sdr and currencies are not fungible? The sdr is a basket representing a proportionate whole: dollar, euro, yen, and pound. It is only available to those participating members of the IMF for whom the fund has sdr-allotment accounts.
“Dr. Azizali Mohammed argues that the IMF should be transformed into a world central bank. The rationale of Mohammed’s proposal is to create a responsive capacity in the international monetary system with which to respond to speculative and destabilizing attacks against particular currencies. Current tools available at the national level (through capital controls) or international level (through the limited resources of the IMF) are simply not adequate to counter the enormous speculative flows that private markets can now mobilize. Mohammed suggests that the IMF needs to be able to create liquidity in the international monetary system, rapidly and in large amounts, just as central banks do in domestic systems faced with crisis. A completely fungible Special Drawing Rights (SDR), which private agents would also be able to hold, would be necessary for the IMF to function as a world central bank. Mohammed argues that such a system would avoid the financial constraints and monetary disturbances imposed by bilateral swaps and other cooperative arrangements involving the currencies of other member countries”
http://www.idrc.ca/en/ev-55655-201-1-DO_TOPIC.html
@mother earth
I think you nailed it when you pointed out that the A$ is strong v US$ but gold is raising in both currencies @ the same velocity.
I’m just really nervous about buying into this gold silver thingy, we know that the price has been manipulated for years, so why is it so different now?
Dedo..better ration your dogs b/c if you don’t own gold your going to barely be able to afford the mustard!
@Phil
German Ancestry http://www.nndb.com/lists/644/000044512/
Knights of Malta: http://www.nndb.com/org/433/000053274/
AIG peacock: http://mapper.nndb.com/maps/583/000000583/
Trilateral Commission: http://www.nndb.com/org/247/000043118/
Council on Foreign Relations: http://www.nndb.com/org/505/000042379/
Amusing Secret Service Codenames: http://www.nndb.com/lists/050/000140627/
Barack Obama – Renegade
Michelle Obama – Renaissance
Dick Cheney – Backseat, Angler
Zbigniew Brzezinski – Hawkeye
Joseph Biden – Celtic
Nelson Rockefeller – Sandstorm
Henry Kissinger – Woodcutter
Al Gore – Sawhorse, Sundance
Queen Elizabeth II – Kittyhawk, Redfern
Prince Charles – Daily, Principal, Unicorn
Yeah Ilya and all the gold bugs,..don’t back out now,.buy buy buy,…I’ve got sixteen ton of fricken hot dogs to get rid !
Maybe they can monetize the difference–how many pensions consumed this ponzi?
GE’s $19 Billion (And Increasing) Toxic Asset Sink Hole
What is more troubling, is that even as GECC has been collapsing its balance sheet, with book value of loans dropping from $305 billion to $292 billion from FYE 2009 to Q3 2008, the FMV-Book delta has increased from $12.6 to $18.8 billion. And this is occurring in a time when the credit market is presumably surging? Is there something wrong with this picture? As we pointed out, the $18.8 billion is likely a gross underestimation of the real valuation shortfall, if one were to really mark all of GE’s myriads of illiquid loans to market.
http://www.zerohedge.com/article/ges-19-billion-and-increasing-toxic-asset-sink-hole
How to Write Good for Financial Reporting (AKA advanced techniques for blue sheeting)
From ForsExNews.com: “The key highlight on Wednesday will be the ADP private sector payrolls, which are seen improving to reflect a loss of 188.0k jobs in October from 254.0k jobs a month earlier…”
That means that there were more lesser jobs lost in October than there were of the more fewer lost in September. Which means that the economy is way more better than you think, because we say it isn’t that it’s getting worser, but better. Yeah, do the math! So the dollar is going to go up tomorrow because the US government believes in a strong dollar policy. And you should, too, or you’re probably an unemployed communist.
@Youri … just a thought on Names !
Geithner .. definitely German origin
Blankfein .. definitely German origin
Bern anke .. German origin maybe .
Fuld .. definitely German origin
Coincidence of course !
PS: nothing against the Krauts either !
Maybe gold is just trying to get as far away as it can from this:
CIT Bankruptcy: Taxpayers Stiffed on Company’s Bailout Billions While Execs Reap Bonuses
http://www.opednews.com/articles/CIT-Bankruptcy-Taxpayers-by-Ward-Harkavy-091102-581.html
Obama Protecting the Very Rich at the Expense of the People
http://marketclues.blogspot.com/2009_11_01_archive.html#3313359846219402276
October Personal Bankruptcies Highest Since 2005 Law Changes
http://www.bloomberg.com/apps/news?pid=20601087&sid=a9eOFk1X3uoQ&pos=7
@Phil
Cause they do, they’re hubres bastard smugs! We gotto find a proper tree for them.
An old Russian spy liked to curse,
so immortalized thoughts in this verse:
“Gold’s going to $2K
so buy some today,
fucking fucktards!” (notice: he is not terse).
@Youri ….. BLOOD and GORE LLC
Nice find !
… do they do this on purpose or what ?
David BLOOD and Al GORE. My God. They even have the names of villains.
http://en.wikipedia.org/wiki/Generation_Investment_Management
http://www.chicagoclimatex.com/
Generation Investment Management LLP (GIM) is a London-based investment management firm with an investment style that blends traditional equity research with a focus on sustainability factors, including social and environmental responsibility and corporate governance.
Former U.S. Vice President Al Gore is chairman of Generation, and David Blood — previously chief executive of Goldman Sachs Asset Management — is CEO. The pair has given the company its nickname, “Blood and Gore.”
Generation Investment Management LLP is authorized and regulated by the Financial Services Authority in the UK.
Generation has built a global research platform to integrate sustainability research into fundamental equity analysis. The firm focuses on the economic, environmental, social, and governance risks and opportunities that can materially affect a company’s ability to sustain profitability and deliver returns.
@Nina .. SDR exchange rates!!!!
May be a basis for the US$-Index calculation !
http://quotes.ino.com/chart/?s=NYBOT_DX&v=d3
Pity there’s no older data
@Black Douglas – You are more than welcome – it is my pleasure to help a fellow Keiserite spread the gold news…
@Illya Kuryakin … Gold could “blast through” $2K, not next year, but next fucking week.
ROTFLMAO … Nice !
MUST SEE THIS!
SDR exchange rates!!!!
http://www.imf.org/external/np/fin/data/rms_five.aspx
uhuh, directly from Neil – I’m A Dual-Citizen – Weinberg.
What the fuck is it going to take for you pinheads to wake the fuck up?
Gold could “blast through” $2K, not next year, but next fucking week.
SEC Lets Execs In Fraud Settlement Go Free
Neil Weinberg, 11.03.09, 02:13 PM EST
Bisys scandal boss promotes self as fraud expert.
Evidence of how easy it remains for corporate bosses to walk away from the scene of financial scandals and go on with their lives arrived in a recent e-mail pitch from a publicist for an outfit called Daylight Forensic & Advisory.
The New York City firm is one of dozens aiming to cash in on the white-collar crime wave by claiming it can battle financial wrongdoing. For its part, Daylight sees itself as expert in “the Madoff investigations, Wall Street collapse and the calls for financial reforms.”
..
..
..
http://www.forbes.com/2009/11/03/bisys-scandal-personal-finance-corporate-fraud.html?partner=alerts
At least they’re now getting MSM headlines these days .
Thanks WIll. I got it from the code on this page.
Appreciated!
RECAP: Citigroup says gold could rise above $2,000 next year as world unravels By Ambrose Evans-Pritchard, 27 Nov 2008 http://tinyurl.com/6glve3
Gold is poised for a dramatic surge and could blast through $2,000 an ounce by the end of next year as central banks flood the world’s monetary system with liquidity, according to an internal client note from the US bank Citigroup.
@Dante .. OK … I misinterpreted !
Please. Pretty please. With cheese on top.
Thanks.
@phil…not you but in general…they want to mold how the masses think about gold…
@Youri – Dutch banks no longer count…
Banks no longer count. They are like chickens with their heads cut off. They are still running around flapping their wings for a while longer, but all you can really do is watch and stay out of the way.
@Youri Carma … Dutch banks no longer count
Probably a good thing !
Do you remember the involvement of that Dutch Bank with respect to the Naked Short Selling that was done on OverStock ?
…In 2005, the SEC notified Refco of intent to file an enforcement action against the securities unit of Refco for securities trading violations concerning the shorting of Sedona stock. The SEC sought information related to two former Refco brokers who handled the account of a client, Amro International, which shorted Sedona’s stock.[61] No charges had been filed by 2007….
http://en.wikipedia.org/wiki/Naked_short_selling
OK, you are all correct: don’t buy gold. Please, don’t buy gold. While you’re at it don’t buy silver either.
GOLD EXPLODES 1,084!
JAVA http://www.goldprice.org/live-gold-price.html
THe individual will listen carefully,
@MotherEarth:
You forgot the bit about: gain confidence first. Oh, and: don’t bore the individual to tears. And never forget: some people are too stupid and should be clunked over the head and led by the nose by force. Perforce: may truth prevail.
Strike on Iran is not only likely… IT WILL HAPPEN within the coming months!
But hey… it’s good for business and the economy … right?
Click here for Dan’s commentary & TA on today’s action. The comments finish with this:
@Mother … ” perhaps it was more or less an attempt to influence the bloggers. ”
I doubt it very much.
They just wanted to know where they ( the Treasury ) stand , in the eyes of the Bloggers – i.e. how far and whether the Bloggers – and / or to what extent – have “sussed out” their game plan.
Seems the Bloggers were to docile to ask the right questions.
They should have taken Max along !
Dutch banks no longer count http://tinyurl.com/yklg7zy
Commentary from Tader Dan at JSMineset.com:
more…
@Dante … …that’s what they would like you to believe but in reality its because they are devaluing all currencies
I do not believe anything .. just asking whether anyone has considered it !
e.g. a war would conveniently take people’s eyes off the dollar ( & fiat ) problem. … as has been done in the past.
States Are Pondering Fraud Suits Against Banks
“We tried to use the tool to be persuasive with the banks,” Arizona’s attorney general, Terry Goddard, said in an interview. “But their waterfall of excuses, the abysmal numbers of modifications, tells us persuasion is not working.”
As a result, he said, “we’re moving much closer to litigation.”
While statutes vary, those of every state prohibit fraud in consumer lending. The attorneys general are considering the theory that the banks essentially perpetrated a vast fraud on consumers by marketing exotic loans that would prove impossible to pay back.
http://www.nytimes.com/2009/11/03/business/03suits.html
@Black Douglas – Kitco Charts
With your browser pointed at the Kitco page you want the chart from, look at “View->Source” then find the HTML for that chart, which should be pretty easy by searching for surrounding text. Then use that same HTML on the blog you wish to post to. Clear?
@Phil
If you want someone to adopt ideas a good way is to let the individual ask questions, and then simply talk about your ideas.(irrespective of the question). THe individual will listen carefully, wonder about it and then let go, at which point your insertion of an idea has succeeded. The key is repetition. Only if the ideas can be objected to consciously every time their future effect can be avoided. so perhaps it was more or less an attempt to influence the bloggers.
Another thing: Why is gold behaving the same in all currencies? Australia anounced a rate hike today, making its coin stornger compared to the USD, so gold should not be equally attractive in both currencies.
@phil…that’s what they would like you to believe but in reality its because they are devaluing all currencies.
Khamenei rejects talks if outcome fixed by US, marks embassy hostage anniversary
http://www2.debka.com/headline.php?hid=6356
Hamas successfully tests new Iran-made Silkworm that can reach Tel Aviv
http://www2.debka.com/headline.php?hid=6354
US and Israel reiterate to Moscow: Military option is on the table
http://www2.debka.com/headline.php?hid=6350
Anyone know how to put those Kitco charts on a blog?
I can’t find an explanation..
Has anyone considered that Gold may be rising due to the possibility of a strike on Iran ?
It’s so fun to give you cancer via Vaccin – ahaaaaah! – Dr. confesses Cancer found in Vaccin
Dr. confesses Cancer & other Viruses is found in Vaccines
http://www.youtube.com/watch?v=vgBBwOnmy3w
I’ve been keeping tabs on the price of gold for several hours since around 07:00/08:00 LA time and I can’t believe I am seeing this.
Curious Meeting at Treasury Department
…The Treasury invited a small group of bloggers for a “discussion” with senior officials on Monday. Initially, the meeting was to be background, which is a sort of journalistic “FYI but you can’t use it” but we were told at the meeting that we could discuss the meeting as long as remarks were not attributed to particular individuals.
None of us knew in advance how many attendees there would be; there were eight of us at a two-hour session, Interfluidity, Marginal Revolution, Kid Dynamite’s World, Across the Curve, Financial Armageddon, Accrued Interest, and Aleph (and of course, others may have been invited who had scheduling conflicts). There was a place card for Megan McArdle as well….
…
…
… But my feeling, and it seemed to be shared, was that we bloggers and the government officials kept talking past each other, in that one of us would ask a question, the reply would leave the questioner or someone in the audience unsatisfied, there might be a follow up question (either same person or someone interested), get another responsive-sounding but not really answer, and then another person would get the floor. The fact that the social convention of no individual hogging air time meant that no one could follow a particular line of inquiry very far….
…
http://www.nakedcapitalism.com/2009/11/curious-meeting-at-treasury-department.html
Nothing to write home about … but interesting all the same !
IN praise of Bloopberp (er, Bloomberg)
Bloopberp my mind in your keep
Prolongs my attention so deep
Ne’r err is my song
With your rhetoric long
In gold my investments shall creep!
@ frances snoot
Where the crabslove to snore
Rolled over and and sifted sand-steep.
thats where the banksters are suckin our bones dry cause we have no blood the day we start a revolution will be the day we start are freedom n get these Lunatics of are backs Like Henry Kissinger
Al Gore CO2 Parasite – Millionaire accoring to NYT http://tinyurl.com/ygryb2a
If this guy can be knighted:
Tax Cheat Charlie Rangel Knighted
http://supportyourlocalgunfighter.com/2009/11/tax-cheat-charlie-rangel-knighted/
“Are they high?”
http://comments.americanthinker.com/read.php?1,466404,466422,quote=1
Gold can go to $5000
I think I might go to the Comex and see this for myself.
What happened so suddenly to pump up the gold price like this? Do the traders on the floor literally just send out text messages telling their buddies what the prices target is?
Gold-bug-under-rug
The monkey was dancing in tune
The day gold did shoot to the moon
While men of great sway
Did the poor lead away
Under cover of garrulous swoon
Oh thankee my master yes-sire
You gave my gold bar more by hour
I don’t mind a shank
If you pull a smart prank
As long as the gold makes my power
The noise of all it is dismay
To the rousting old Earl of Hay
He sniffed a great snaff
Snapped up a long gaff
And slept through the bright of the day
The night comes when no man might sleep
The money has gone to the deep
Of the oceans’ lone floor
Where the crabslove to snore
Rolled over and and sifted sand-steep.
Howz my Limeriks people
dont say bad i’ll get depressed
@Bonn
Naked lemon fling my flighty, AWGTHTGTATA real estate haiku barn door! Laughing u permanent hair color (NTIMM) might frog lift anti-depressant gerbil borscht, but ham and sphincter RGDR blotcher bulldoo. FWIW!
FED meeting tomorrow …
The BoAustralia raised rates a few days ago IIRC.
Wonder if there’ll be a Gold take-down … as usual !
As GOLD continue to climb the $DXY is FALLEN could GOLD BE THE CATALYST FOR A DOLLAR COLLAPSE!!!!!!!
The Trillion Dollar Question
I say this orderly drop in the $DXY is going to turn into free fall
The SECOND part of this financial crisis
Interesting idea of Max’s to essentially impose a tax on speculation. I wonder how the spread betting fraternity would enjoy that….
@Will ……
And deliver not unfortunate gain.
Gold will always be a myth sold by guy called Smith tellin u its the filth of the filthy richest n if fall for it u the pest in a mess of ….. hmmm lost ROFL Didnt know how to carry on all the way too Babylon named after LON den the finacial hub where all the hands share a scam to con the people who are honest posses a question who TF runin this SCAM
A poster who looked like Mark Twain,
bought gold bars again and again.
Said he “It’s so clear,
that gold, although dear,
if purchased will ease all our pain.”
@ Dedo
priceless thought HA!
@justgetitright,…..make sure you stock up on hot dogs,.just to piss the gold bugs off! : )
Man from U.N.C.L.E.
do talk so salty, is for the bar-rooms dude.
Gold will double from today’s price by the end of January. Silver will probably quadruple.
ALL because the US will FAKE the Christmas spending numbers.
8-12 weeks from fucking doomsday.
@Will ….
Or a goat
Although it doesn’t stay afloat
Kick his ass and it will run bloat
@ Will
You got me in stiches ROFL PMSL
Nice one
We maybe headed towards a-new re-defined monetary system where gold or wealth will not matter, & all will be given or attained, by “a life’s credit-system”,.. with the hopes that you are productive to the new world-collective-worth-system ??,…Hmmmm ?
“Star-Trek” hear we come ??….LOL
Gold up 2.38% – woohoo!
There once was a trader with billions,
Who decided to trade cash for the real thin’,
He said to the IMF
Just give me your best
And now in his vaults there is bullion.
Reality comes home to roost in markets
Quote from Oct 28 – Reality comes home to roost in markets
[Yes, it's true that gold is also down from its peak. Am I worried? No, because the Plunge Protection Team led by the traders at Goldman Sachs can only keep prices out of whack for so long before they revert back to their natural state. Recently we have seen the dollar rise which has caused the price of gold to go down. But in just a matter of days I fully expect that there will be a resurgence in gold.]
@Will ………..
So you don’t have to bet.
Cause that would be sad.
Bonn and Frances typed away,
peed their pants and watched gold play!
When the market closed up twenty
They both comment, “Hey, that’s plenty!”
Next day quants said “No resistance!
Buy some more, it’s just a pittance!”
Bonn and Frances rolled on the floor,
typed and laughed and peed some more.
So if you see Fran or Bonn,
grab your gold and start to run!
Gold as we know doesn’t float.
When near those two, get a boat!
@ frances snoot
What makes you think i aint invested in gold too.
if i see a Scam i will make money too, i aint dumb. but i sure as well know when to run to the hills with lock stock and barrel
Anyone ever tried investing directly in a company to avoid banksters, brokers?
i found that Organic Valley, for example is offering Preferred stock and it pays a 6% dividend that is paid quarterly. Min investment is $5000. They are composed of family farmers and they don’t use chemicals.
http://www.organicvalley.coop/our-story/invest/
@ilya
So right. Get rid of the bankers!
may I stroke your golden nugget
This ain’t Lavalife, dude.
@justgetitright,..yeah,.it’ll be serve the federation, but make sure you don’t use up all your carbon allowance,..and may I stroke your golden nugget,..pleeeease!
@ frances snoot
OOOh i wouldnt trust any politician Like i said we could get some smart people with smart idea’s about Governence of a country common people we in 21st century this Democracy crap aint workin the Ultra rich scum bags buy both sides so we as general public always loose there has to be an alternate sane Solution which must be pritty easy if we put our heads together
Think “Star Trek”
@ youri
They really just put Schiff on to try and discredit him. It’s like they are letting the crazy uncle out of the attic once in a while to make fun of him.
@Frances,…I don’t give a fk what the IMF do,..Super and I have our supply of hotdogs,..and you can all shove your gold up your arses, I want some carbon credits, bollocks to the lotto ya!
As the Bonn-guy continued to wet,
the gold market flew like a jet,
there’s no correlation,
but before the inflation,
buy some so you’ll not have to fret.
@Bonn:
I was under the stunning assumption that if we target the right lunatics, then the outcome might be a bit more favorable for the common man. But, who am I to stand in the way of the Lemming Olympics Plunge Team.
It’s gotten so us-and-themy. And soon we will hear the BRAVE words of ENCOURAGEMENT and SACRIFICE necessary to see us through theft, rape, deprivation, disease, and forced migration. The next icons to be pulled out of the old icon-sack will include Winston Churchill and Roosevelt. That is after the expiration date is up on Jefferson and Franklin.
I don’t know why I even bother.
After the collapse of capitalism – in a few short years – the ONLY currencies that will matter will be backed by gold, silver, etc. Countries that possess neither will have to barter for goods and services – NOT a bad thing! That CREATES equilibrium.
The KEY for the new economic systems’ survival is the complete and utter eradication of BANKERS and USURY.
Because, once that happens, wealth distribution will, by force of nature, approach equality in an egalitarian system where people perform the function they are actually good at and want to do, rather than being pawns moved around the feudal Plutocracy’s chessboard of expendable non-human slave labour.
IF the human species is going to survive and become a worthwhile entity in the multiverse, then it needs to shed the worst aspects of it’s supremo-religious, avaricious and envious id. It needs to cast off faerie tales and slavery belief systems.
You need to open your motherfucking minds to new paradigms of co-existence – otherwise THEY will do it for you. And you will not fucking like that.
Socialism is the next evolutionary step. Accept it, or die in a fucking FEMA camp. Or worse.
@Will …….
Than I won’t wet my pants while listening to Jakob Ludwig Felix Mendels-sohn
@ frances snoot
Who cares Frances the shit is gonna hit the fan now all we can do is sit an watch the mind boggleing numbers involved are too crazy i am All for Lynching these lunatics
@ Will
ROFL PMSL
Isn’t anyone else the least itty-bitty-bit worried about the IMF sdr-game? I mean, they had their sleeves rolled up last time I peeked in, and the grins on their faces made my heart to patter-pitter.
@ Nina
Buffet talks to CNBC regarding the deal. he comes in at about 4minutes:
http://www.cnbc.com/id/15840232?video=1317645849&play=1
He also had to offer stock which he says he hates to do so he was pretty determined to see the deal go through. He does claim that the purchase is a vote for the future strength of the US economy.
I think he realizes bubble consumer economy is over. Many fewer are going to be buying/shipping via internet/FEdex which is very inefficient and wasteful.
@marietta
On the other hand Santilli has his voice on the MSM just like Schiff. We, at least have some true voice out there. CNBC dupes think that everybody is on their side while in reality the agree with Santelli. Same with this smug Kneale vs Denninger.
CNBC Host Launches Into Anti-Blogger Rant about Economic Pessimism http://www.youtube.com/watch?v=iPseiqyfrLk
CNBC Tells Peter Schiff Falling Dollar Is A Good Thing
http://www.youtube.com/watch?v=8ukH7QRH5uU
CNBC Viewership Plunges 50% In October http://www.zerohedge.com/article/cnbc-viewership-plunges-50-october
@Will
ROFL PMSL
Thanks marietta.
A nameless laugher named Bonn,
preferred not to keep his shorts on,
“If I pee myself silly
but can’t see my willy
I’m afraid that I’ll not hit the john!”
@ frances snoot
Yup nice n high
GOLD GOLD.. I LOVE GOLD.. GOLD IS GOOD. YA YA YA.
@Bonn:
If you’re drunk: I’m an atheist.
‘INDIA BUYS GOLD – UK BUYS BANKS’
India, like China, understands the virtues of gold. This is why they have
snapped up 200 tons of gold from the IMF at around $1,045 per ounce or $6.7
billion. The UK does not understand gold, that is why Gordon Brown sold most
of the nation’s gold in 1999 at virtually the low of $250.
Instead [...]
http://goldswitzerland.com/index.php/india-buys-gold-uk-buys-banks/
I am not so sure if I must be happy with Central Banks buying gold.
Why should they do this? The only reason I can think of is to intervene in the gold price once their fiat currency is under pressure.
And then there is the BS story of savings, yeah….ight!
@y’all
“Hot Dogs For Gold”… c’mon get em while they are Hot…Hot Dogs For Gold… hey no pushing!!!
@Will …….
then we’ll harvest their wealth with collusions!”
That’s why Ron Paul came up with other sollutions.
@Rushdoony – scripture quotes
“Partying with friends gets me laughing, and a good buzz makes me really happy, but money is the answer to everything.” — Solomon, writing in Ecclesiastes 10:19 (my translation ;^)
@ Youri
That Steve Liquidshitforbrains that is arguing with Santelli is always defending the fed and waxing poetic about how all the crooks are doing such a great job.
I think Santelli should quit CNBC and go where his heart tells him. He should be the US beat reporter On the Edge!
@snoot
At least you have sunshine..
Somthing to listen to while watching the gold price go up..
http://sounds.mercurytheatre.info/mercury/381106.mp3
@MotherEarth:
I live in Florida, Mother. If the carbon cycle disruption will lead to an ocean sea-level rise, then I will be IN the ocean no matter what state of passivity I am inclined to own.
Theme Song of the Bally Banksters
“The crowds are so hooked on delusions,
fed by media froth and confusions;
If we feed them more slop,
they’ll work ’til they drop,
then we’ll harvest their wealth with collusions!”
WARREN BUFFETT JUST GOT RID OF BIG BIG SUM OF MONEY!!!
IT’S A SIGN!!!
Nov. 3 (Bloomberg) — Warren Buffett put together the biggest deal in his 44-year career at Berkshire Hathaway Inc. in 10 days.
Berkshire will pay $26 billion, or $100 in cash and stock. Including Buffett’s previous investment and the assumption of debt, the deal’s value is about $44 billion, Berkshire said in a statement.
http://www.bloomberg.com/apps/news?pid=20601109&sid=a5EyL_HXE9Jo&pos=10
@Will ……..
“When the sun shines, ya gotta make hay!”
“Yep will! That makes me gay”
“That is “liquidity”. Anyone who tells you gold/silver/palladium/platinum is not “liquid” needs to have their fucking neckbolts tightened.”
The metals are now liquid meaning the metals may be sold for currency and the currency used to buy the “crap”. The question of liquidity for metals in the new international monetary system has not been addressed by this forum. The sdrs are not fungible for metal exchange, unless India did indeed draw on IMF gold for the “sale”. One must make the assumption that the IMF considers gold to be a valuable commodity at this juncture and that the IMF indeed possessed the gold.
http://www.answers.com/topic/fungibility
@ josh
More about apmex
Located in Edmond OK
I bought silver bullion coins at $14.86/oz plus $1 over spot on 8/31/09. Got 155oz and shipping and insurance was $24.95. The spot price is locked in upon ordering. You can send a check but it must arrive within a certain number of days (5 days I think) once you order or the new spot price will be in effect.
Cancellations are subject to fees.
here is their FAQ
http://www.apmex.com/FAQ/Default.aspx
I don’t know if this is the cheapest place you can get bullion but I am a novice and I was more concerned about getting ripped off. I checked these guys out before hand at the Better Business Bureau and they had one of the higest ratings.
@snoot
No, but she did provide the best paper there was..
Why do you ask? You want in on Ocean 200?
@ Chalcedonite
Once u turn athiest i’ll talk to u
I like gold, own it, but…
Proverbs 16:16
How much better is it to get wisdom than gold! and to get understanding rather to be chosen than silver!
Proverbs 20:15
There is gold, and a multitude of rubies: but the lips of knowledge are a precious jewel.
…and then there is this
Isaiah 13:12
I will make a man more precious than fine gold; even a man than the golden wedge of Ophir.
LOL man thats cool i hope people made a lotta money
Alright, here’s the scenario: I walk into Your store wanting to buy whatever crap you happen to be selling. It costs $500. I pull out a few coins and say “you want gold or silver instead?” What are you gonna say, fucking NO???
Perhaps some of you would say no…but if Mr X walked into MY office and offered me gold for a $500K security system, I wouldn’t think fucking twice about it.
And do you think I would actually declare that and pay tax on it? Puhleez.
That is “liquidity”. Anyone who tells you gold/silver/palladium/platinum is not “liquid” needs to have their fucking neckbolts tightened.
@marietta
Now CNBC is trying to sell the idea that a declining dollar is a good thing? They are all delusional or bought and pay for to say silly things. Maybe later they say it’s a good thing to have massive unemployment and people living in tents.
Gold PLUS $30.00 AND STILL CLIMBING
CFR forecasts declining dollar and pushes for a global currency system.
http://www.foreignaffairs.com/articles/65475/c-fred-bergsten/the-dollar-and-the-deficits
The buyers who missed the gold play,
noticed silver was under delay.
They looked at the COT,
then bought the whole lot -
“When the sun shines, ya gotta make hay!”
“Now who will rob that gold as it transits from the IMF vaults to India? That will be a great target and impressive convoy I suspect..”
@MotherEarth:
Didn’t your mother warn you not to believe everything you read in the newspapers?
Gold took a long breather then popped,
and the shorted-out players were stopped.
Having lost all their money,
they all looked so funny:
Their hair-cuts were bald, not cropped.
this journalist dude has some balls: http://www.washingtonpost.com/wp-dyn/content/article/2008/05/09/AR2008050902544.html
@josh
I used APMEX.com. Got good service. Easy to use web site.
@Josh .. I found this one ..
http://www.carolinabullion.com/index.html
Looks like they only ship per post !
Don’t know whether you can trust the of course …
Rick santelli is now worried about value of the dollar for Joe 6 pack. cnbc must be worried about ratings to loosen his choke chain. The rant starts at 4:20
http://www.cnbc.com/id/15840232?video=1317748284&play=1
From what I read if gold can exceed a 2% price gain on the day(which has been its upside band for months)..things could really get going…
@Dante
That’s true….feelin gay
Got inpirated by Will’s Limericks too
@Youri Carma…between your polar bear comment(very funny) and your new poem “Gold”, your in rare form today!
Guess the gold price is rising because there is no demand.
Nadler was right.
@Mike/L .. short interest
Putting it simply, they are positions betting on the price going down.
AFAIK, the Commercial (Bullion) banks are short on silver & gold. … probably JPM and GS on the US side …
On the European side, the data shows IIRC 10 banks ( e.g. DB; RBS, HSBC etc. )
Speculators are supposedly betting on higher prices.
Random: A favourite litterature qoute about London..
“And this also,” said Marlow suddenly, “has been one of the dark places of the earth.”..
Yesss Gold!!!!!
It’s not my Fold
Everybody has to buy Gold
We’ve been Sold
By Goldman Sachs Mold
So, I am Told
@Digital options
These are typically naked or unhedged contracts, so the counterparty risk can be enormous given the situation today. When I read the fine print on a couple of these turds, I was amazed at a) how hard it was to understand what would in fact happen under varying circumstances, and b) why someone who would consider putting their money into them didn’t just go gamble in a casino or buy los of lottery tickets. Definitely not an investment, and really not even a hedge. If this is a typical derivative, then we may see a new type of fireworks display as they start to blow up inside those who swallowed them, whichever side of the deal they were on.
Phil
What do you mean by “Short intrest?”
Mike
America. North Carolina.
@Josh Fulton .. your approx. location ?
Guess we went through so called digital option…from last week this was posted….
“More useful input just came in from a highly regarded bullion dealer,
which also confirms why gold can’t get through $1070. There is a
massive “digital option” (whatever that is), which expires next
Wednesday. It so large the thinking is that it is a central bank. This
why all rallies toward that price level continue to fail … FOR NOW.”
clarify what this digital option at $1070 is all about…
Digital Option
What Does Digital Option Mean?
An option whose payout is fixed after the underlying stock exceeds the
predetermined threshold or strike price.
Also referred to as “binary” or “all-or-nothing option.”
Investopedia explains Digital Option
The value of the payout is determined at the onset of the contract and
doesn’t depend on the magnitude by which the price of the underlying
moves. So, whether you are in the money by $1 or $5, the amount that
you receive will be the same.
Now we will find out what this meant.
Collapso . My bad
Yo,
What’s the best way to buy gold and silver? I went to gold money, but it’s taking a long time, and just seems to be complicated to me (although it might not be relative to other ways.)
Anyone have any suggestions?
When Miss Au forced the short guys to cover
the whole world started to love her;
they noticed that gold
felt so good to hold:
“For money, there’s nothing above her!”
Good series of charts at Golddrivers.com:
http://www.golddrivers.com/chartsmember.aspx
http://stockcharts.com/h-sc/ui?s=$GOLD&p=M&b=5&g=0&id=p68616833438&a=182333562&listNum=2&listNum=2
Gold Silver Short Interest !
http://www.cftc.gov/dea/bank/deaoct09f.htm
Especially silver !
10/06/09 CMX SILVER U.S. 2 38 0.0 38,375 29.1 131,801
NON U.S. 10 2,174 1.6 2,400 1.8
—- ——— —- ——— —-
12 2,212 1.7 40,775 30.9
10/06/09 CMX GOLD U.S. 2 10 0.0 116,790 24.1 484,307
NON U.S. 17 8,596 1.8 35,874 7.4
—- ——— —- ——— —-
19 8,606 1.8 152,664 31.5
UK still not quite ‘getting it’ according to my google gold trend monitor
http://www.google.com/trends?q=%22buy+gold%22%2C+%22sell+gold%22%2C+%22buy+euros%22&ctab=0&geo=all&date=mtd&sort=0
When the Kitco graph got a woody,
an equity boy got all moody,
Said “Why didn’t I buy
when it wasn’t so high?”
knew he’d shot himself in the footy.
Bot some gld calls on the breakout over the high from 10/14
@Collpaso – or is that supposed to be Collapso? Cash is King.
I think India has set the cat amongst the pigeons. Chinese will surely bid up prices and other asian governments will follow suit. Wonder what happens with the Saudis join the fray with all those petro us$$..interesting times…eh
US dollar also up today
Back o’ the net
WOWzers! I just bought more gold last weekend.. had some extra paper cash.. Good thing i did!!
@dedo
You got it..Ocean 200
@Mother,..Fancy putting a team together ?,..I’ve got a good strategy for the next transfer,.schedules and everyfing!
Is that what the US navy ship with the twin tower metal is doing in NY?
200 ton = Ten 40 foot containers?
Financial Cryptography has an interesting post titled, “Gold bullion market set to implode?”
The author (iang) argues that the when a gold bar goes into the system, it is analysed at the point of entry and then not until it is bailed from the system.
Some gold bars are turning up that have been scraped (and worse). It is thought that the LBMA system has been plundered and when people start trying to bail out their gold the system will collapse.
Read the article (the author presents a better discussion).
Now who will rob that gold as it transits from the IMF vaults to India? That will be a great target and impressive convoy I suspect..
There is a story behind the story. This is part of the Great Game to shift power from the West to the East. What secret closed door deals were done at the IMF as part of this gold sale? China and India will gain more power in IMF as a result.
There was a report in April that China and India were pushing for the IMF to sell all 3,217 tonnes of gold that it held. Could this just be the start?
This is also related to the push away from the US dollar as the world’s main reserve currency. Read more.
China wins Gold and Silver and Bronze
@y’all
when I suggested a separate part of the site for gold bugs… I think I was joking… oooh… fort knox, canyon del oro???… this reminds me of a dream I once had… I’m getting worried… I’m too scared click on the gold link!!!
India Buys 403 Tonnes of IMF Gold
…The news that India has bought 200 tonnes of a potential 403.3 tonnes of gold from the IMF is very bullish. The sales occurred over two weeks prior to October 30th when gold was trading between $1,030/oz and $1,070/oz showing that physical demand for gold is very robust at these levels (reports that an IMF official said that the sale was concluded at an average price of about $1,045 an ounce and that the transaction would be paid in dollars and not in IMF Special Drawing Rights).
The Chinese are on record as wanting to increase their gold reserves significantly as their gold constitutes less than 2% of their foreign exchange reserves (compared to over 60% for most major European countries and nearly 79% of US foreign exchange reserves). Chinese and other large US creditor nations foreign exchange diversification is likely a primary reason for the robust performance of gold in recent weeks.
Smart money internationally, including central banks and the more astute hedge funds, are buying on the dips in anticipation of much higher prices. $1,200/oz remains a possibly target by year end and contrary to some simplistic analysis the recent rally in prices is sustainable….
http://www.marketoracle.co.uk/Article14736.html?
The beauty of fiat currencies is the ability to destroy wealth. If gold breaks out to a serious level do you believe they will allow the gold hoders to become idioticaly wealthy?
When they come for YOUR gold maybe then youll start organising YOUR revolution. Unfortunatley youve already demonstrated what you think of us peasents.
@prescence
It was said that when everything goes down, all easily entered into financial assets, time’s up for the US.
Gold, damn! Wa-appen?
Merkel addressing US Congress right now – looking for her gold back again??
@Airin – as Greenspan said, we are at the very beginning of a move out of paper currencies . . . his polite way of saying a ‘monetary crisis’ . . . so that’s why big moves are important to watch out for; it’s not a trade in and out thing like a tech stock . . . more than an issue of profit or not, any huge breakout could be the beginning of a tsunami of crisis
wtf is going on, usd hammered, equities down, hmph
Maybe the Chinese couldnt get all of the 400 tonnes of gold IMF wanted to sell because half it went to India.
I love it when gold gets its morning erection!
boooooing
Wow, didn’t expect this break out to be honest. Gotta love being in gold. CIT news probably on with the spike, I thought the dollar would bounce. The dollar might fall like chris farley jumping to earth from a space balloon.