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Old 02-11-2016, 01:15 AM   #801
Malcolm
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Any-one know what is causing the rapid rise in the price of gold.
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Old 02-11-2016, 07:28 AM   #802
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There has been a rapid rise in the Leprechaun population and that always increases demand.
Climate change is also causing more rainbows.
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Old 02-11-2016, 03:02 PM   #803
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It will be very interesting to see what negative interest rates will do to the price of gold. It has to have a positive impact as people don't want to hide a bunch of cash under their mattresses.
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Old 02-11-2016, 08:15 PM   #804
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As I have an interest in the subject at the moment I found this really nice website to watch the price of gold "live" ................ if any-one is interested.

http://goldprice.org/live-gold-price.html
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Old 02-12-2016, 09:34 AM   #805
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The fact that we find "treasure" tells a lot about the relationship for some in the past to gold.
No doubt the others faired well when the "society" went the way they always do.
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Old 02-13-2016, 01:35 AM   #806
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At the end of this month is gold options expiry but this month
is an active delivery month . Meaning that TPTB have a big
interest in slamming down the gold price at some point , if they can .
Generally preceded by short selling of gold mine stock .
Be careful .

..
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Old 02-13-2016, 09:50 PM   #807
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All news is Bad News.....................

http://www.smh.com.au/business/marke...13-gmtijz.html
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Old 02-22-2016, 08:18 AM   #808
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From the Perth Mint Blog - posted 12 Feb 2016
Quote:
For The Perth Mint trading has been strong all this week, with more interest
in gold than silver – gold sales are up 4 times compared to 2 times for silver,
week-on-week. Our dealing desk says the mood is one of panic buying,
primarily in response to falling stock markets. On the wholesale side, our
German distributors are seeing continuing interest in silver and willing to take
any silver they can get across our range.

Even if gold’s recent move has been too fast and it is due for a breather,
it is clear market psychology towards gold and silver has changed.
Extract source found here .

IMO the message is ..... the surge in demand for gold is real but
be aware that over the next few days TPTB will may drive down price artificially
for options expiry and settlement .


..
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Old 02-23-2016, 12:19 PM   #809
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It appears that TPTB have indeed been trying to slam down the
gold price but are being somewhat thwarted by physical demand
( so far anyway ) .

Source .

IMO negative interest rates or even just talking about them can only drive gold sales
higher . Not so much because of the rates themselves but because of the cash controls
TPTB must put in place to implement such an absurdity .


..
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All paper is a short position on gold . “Gold is money. Everything else is credit.”

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‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche

Last edited by Ross; 02-23-2016 at 12:28 PM.
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Old 02-23-2016, 07:52 PM   #810
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Just in case you are un-aware of "some" of TPTB............
The big gold mines stock-pile the bars they are getting out of the ore if the price is too low for them and dump it later when the price rises,
How do I know........... "Ex miner here"

---------- Post added at 10:52 AM ---------- Previous post was at 10:48 AM ----------

The price has been high for a couple of weeks now so my guess is "that" PTB has run out of stock-pile now.
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Old 02-25-2016, 11:16 AM   #811
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Options expiry dates .
Quote:
for the Comex: Wednesday Feb 24

for OTC and LBMA: Monday, Feb 29.
I expect weekend propaganda of some sort
to manipulate price down .

..
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Old 04-03-2016, 06:20 AM   #812
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Perth Mint sales indicate March gold demand is still quite strong and apparently
significantly above same period sales last year.

Needless to say the banking fraternity are as always hard at work trying to
drive down price so one cannot say with certainty that demand pressure will
prevail in the short term .


Full article here




..

..
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Old 06-02-2016, 08:08 AM   #813
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Words of wisdom from Jim Grant .




..
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All paper is a short position on gold . “Gold is money. Everything else is credit.”

“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
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Old 06-13-2016, 07:06 PM   #814
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Quote:
Gold Miner To Withhold Sales: "Storing It For The Long-term... Makes More Sense At These Prices"
Full article here .

Wow! A few more announcements like that will drive a stake through
the heart of gold price fixing that no amount of corruption will solve .


..
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All paper is a short position on gold . “Gold is money. Everything else is credit.”

“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche

Last edited by Ross; 06-13-2016 at 07:34 PM.
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Old 07-08-2016, 09:01 AM   #815
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Well this is new ( to me anyway ) .

Japanese rushing to buy gold .

Quote:
As Bloomberg reports, in the face of a clear lack of trust in Japanese
leadership,
local investors are buying gold to store in Switzerland. The reason: they are

increasingly worried about confiscation which is why they are storing it half way

around the globe. The number of buyers jumped 62% in the first six months

from the second half of 2015, Atsuko Sato Whitehouse, head of Japanese
markets at the London-based BullionVault investment service, said this week.

The clear action of gold buying comes only months after we reported on the increased demand for safes in Japan.
IMO the gold rush is now officially on . Not necessarily the end of
attempts at gold price fixing though .

Source article .
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Old 10-31-2016, 08:02 AM   #816
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Harvey Organ reports gold passing through the Comex is
''Skyrocketing'' .
Interestingly the price is not , one wonders why .
Reduced Chinese demand due to currency controls ???


Quote:
total for the 10 months; 183.392 tonnes
average 18.39 tonnes per month vs last yr 51 tonnes total for 12 months
or 4.25 tonnes average per month.

From May 2016 until Oct 2016 we have had:
160.16 tonnes per the 6 months or 26.694 tonnes per month (which includes the non delivery months of May, June and Sept).

In essence the demand for gold is skyrocketing.

Something big is going on inside the gold Comex.
Extract found here.

..
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Old 10-31-2016, 10:49 AM   #817
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I think one group is seeing the sky falling - the other group is seeing more future stability - hence more movement in goods but no increase in overall demand (by definition).
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Old 11-27-2016, 04:05 PM   #818
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Shanghai is out bidding the West for Gold .

The Western price is set twice daily by a group of banks .
Interestingly the Bank of China is now a member of that group .

The Shanghai price is set by the Shanghai gold exchange ( SGE ) .

Price difference currently amounts to roughly $25 per Troy Ounce .



Source of Chart

Due to the Indian move towards a cashless society ( high value currency notes now redundant )
the impact on gold consumption is unknown ( to me anyway ) so I suggest great
caution is appropriate until the fog clears .

..
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All paper is a short position on gold . “Gold is money. Everything else is credit.”

“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche

Last edited by Ross; 11-27-2016 at 06:08 PM.
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Old 03-09-2017, 03:13 AM   #819
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Gold sales ... Perth Mint .



I have been waiting to see the effect of Indian government and Chinese
government gold purchase impediments now that we are past the Christmas
and New Year periods . Perhaps the effect is starting to now show ( hard to say ).

I think it is necessary to wait at least another month and
preferably two , to get a better handle on the effect .

The price of some Australian gold mines have declined heavily in the last
few weeks but I have not had time to research why . I suspect it is
because they have little hedging in place ( not sure ) .

..

..
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All paper is a short position on gold . “Gold is money. Everything else is credit.”

“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche

Last edited by Ross; 03-09-2017 at 06:32 AM.
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Old 04-12-2017, 08:42 PM   #820
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Gold has now been steadily rising for almost 30 days yet
theoretically demand should be falling . Interesting !



..
Attached Images
File Type: jpg 2017 04 13 Kitco gold chart at 10 35 am.jpg (72.2 KB, 48 views)
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‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
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Old 04-12-2017, 08:48 PM   #821
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Gold has now been steadily rising for almost 30 days yet
theoretically demand should be falling . Interesting !



..
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All paper is a short position on gold . “Gold is money. Everything else is credit.”

“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
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Old 06-01-2017, 06:35 PM   #822
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What is gold actually worth ?

Deutsche Bank has done a calculation for you ( even if a little dubiously ) .
Quote:
If the rate at which fiat currencies have been printed exceeds that rate at which gold has been mined, then ceteris paribus, gold should become scarcer and rerate versus fiat currencies. Since 2005, central bank balance sheets have expanded nearly fourfold. In contrast the global above ground stocks of gold have expanded a mere 20%. The gold price has rerated accordingly, but not enough to keep the value of gold at parity with the global (big four central banks to be precise) money stock. The average ratio since 2005 between global money stocks and the value of global gold stocks is c.1.8x. In order for gold to get back to this level, the price should appreciate to USD1,648/oz, nearly USD300/oz above the current spot price.
Extracted from here .

If you accept the above reasoning then consider this .
If global deflation unfolds ( normal in a depression ) then it will
become impossible for governments to fund their social commitments
without printing vast amounts of money ( and stay popular ) .
Therefore the price of gold should change accordingly ( as per the above argument ) .

The interesting counter argument being that if deflation does occur then
for a short period of time your money will be worth more and you could
buy and hold other hard assets ( rather than gold ) .

..
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“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
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Old 06-01-2017, 06:41 PM   #823
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A better read: DB has a long gold position (i.e., they buy gold and then loudly announce gold is underpriced).

It's the oldest trick on Wall St., and a sad but legal form of price manipulation. Buy aluminum! screams Goldman. Why? Altriusm? A sense of intellectual honesty? Nah. It's cuz they hold a few thousand tons worth of aluminum claims. Buy Tesla! Same deal.

Then, when they feel ready, they sell off. And a day later they loudly announce that Tesla/Aluminum/gold is no longer a bargain. Welcome to the shark tank.
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Old 06-01-2017, 07:35 PM   #824
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I always assume self-interest influences the argument .
It is a given .

..
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Old 06-01-2017, 07:40 PM   #825
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Supply and demand, it's as simple as that. Some folks keep gold as a financial assets; others use it for industrial applications or jewelry. What it is not (and has not been since the early 1970s) is a backer of currencies. That took a huge amount of demand out of the equation. OTOH, the electronics industry and other industrial applications have increased demand quite a bit. World population has increased as well, particularly in countries like China and India that use gold for presents, doweries, jewelry, etc.
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