.....and what sort of a day did Gold have?

[Mega]

http://www.youtube.com/watch?v=IZQ6exF39kI
Mike

[LargoWinch]

Re: .....and what sort of a day did Gold have?

http://www.youtube.com/watch?v=IZQ6exF39kI
Mike

You mean your "Schiff" portfolio Mike?

[thriftyandboringinohio]

Re: .....and what sort of a day did Gold have?

I noticed it, too. An hour ago I kicked back up your old thread "Gold getting KILLED!!!!", I just love that classic headline of yours.

[kartius919]

Re: .....and what sort of a day did Gold have?

Left to its own devise, the global financial system will collapse and the dollar pricing mechanism for all assets will fail. Banks are stuffed to the gills with non-performing loans and more importantly, trillions of derivatives that require the status quo to be maintained. Any sudden rise in interest rates, currency rates, commodity prices, etc. will trigger trillions in derivatives that simply can't be paid off. Now the banks say that its a net 0 sum game, but that is a lie. Failure of one to pay up will cause failure in the entire system.

What we view as the price on the comex is merely a reference price for which physical trade is conducted. Very little commodity, compared to the paper ever crosses hands. The illusion of redeemability keeps the system afloat. This illusion requires solvent financial institutions. They are not solvent. You can pretend they are solvent by guaranteeing a few trillions to cover up the CDO's and bad loans, but what happens when their entire portfolio goes under the water. What happens when they interest rate swaps written can no longer be honored? All paper assets will be liquidated to cover up a black hole. All paper prices will go near zero. Recall what happened to the collapse in the oil price. Did consumption drop/supply diminish by 80% in a matter of months to justify an 80% plunge in its price? Failure is guaranteed regardless of the actions taken by our enlightened ones.

[Mega]

Re: .....and what sort of a day did Gold have?

From what i can tell this was caused by a massive short squeze on the Euro. Suddenly everyone needed Euro's (don't know why, but).

Mike

[LargoWinch]

Re: .....and what sort of a day did Gold have?

From what i can tell this was caused by a massive short squeze on the Euro. Suddenly everyone needed Euro's (don't know why, but).

Mike

From what I can tell Jtabeb needed some fiat for retirement and sold part of his holdings.

[jpatter666]

Re: .....and what sort of a day did Gold have?

From what I can tell Jtabeb needed some fiat for retirement and sold part of his holdings.

That or EJ did the final sell from his holdings to help finance his startup investments!

[ASH]

Re: .....and what sort of a day did Gold have?

From what i can tell this was caused by a massive short squeze on the Euro. Suddenly everyone needed Euro's (don't know why, but).

Mike

If it was the case that suddenly everyone needed Euros, that makes a lot of sense. The ECB's 1-year lending facility just ended. That means a lot of European banks had to come up with Euros to pay back the ECB.

[icm63]

Re: .....and what sort of a day did Gold have?

It is the season to be SAD for gold

http://www.seasonalcharts.com/future_metalle_gold.html

http://www.spectrumcommodities.com/e...charts/gc.html

This CHART is still in play, and is working..

http://www.itulip.com/forums/showthr...304#post162304

[sishya]

Re: .....and what sort of a day did Gold have?

I will buy if it drops to $1175.

[pmmeaney]

Re: .....and what sort of a day did Gold have?

looking for a good entry point for small influx of cash. Is this it?

[metalman]

Re: .....and what sort of a day did Gold have?

[Chris]

Re: .....and what sort of a day did Gold have?

looking for a good entry point for small influx of cash. Is this it?

Don't know but the premium looks good on PHYS.

[shiny!]

Re: .....and what sort of a day did Gold have?

Thank you for these links to the seasonal charts.