Who is shorting Gold?

[ronin]

Re: Who is shorting Gold?

How does a mining speculator like McCoach obtain information about BSC with regard to its positioning in gold and 10-year bonds?

Is he such a special person that he can obtain such information when, to my knowledge, it hasn't been reported in the mainstreammedia misinformation.

This is out of Bear's 10-Q - 3 months ended 2/29/08 (http://secfilings.nasdaq.com/)
There was not a direct reference to gold positions. There was an increase in the commodity exposure.

Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES
ABOUT MARKET RISK
The table below illustrates the high, low and average VaR for each component of market risk and aggregate market risk during the quarters ended February 29, 2008 and November 30, 2007:
Quarter Ended February 29, 2008 Quarter Ended November 30, 2007
-----------------------------------------------------------------------------------------------------------------------------------
(in	millions)	High	Low	Average	High	Low	Average
-----------------------------------------------------------------------------------------------------------------------------------
MARKET	RISK
	Interest rate	74.8	43.8	56.9	72.4	31.5	47.2
	Currency	7.4	0.6	2.7	2.4	0.6	1.4
	Equity	12.6	3.7	7.5	7.4	4	5.8
	Commodity/Energy	28.4	6.4	14.5	20.3	1.6	6
	Aggregate VAR	72.5	49.5	59.2	69.3	31	45.5
-----------------------------------------------------------------------------------------------------------------------------------

[waysouth]

Re: Who is shorting Gold?

thks,would appreciate that

Re: Who is shorting Gold?

damn...didn't qualify for omniscience when i joined up..so where do you get that?

Waysouth - sorry, I'm still at work right now. Putting in a long day, so I can't dig this up just yet. Will try to retrieve for you in a day or two as I'm going to be really frazzled when I get home.

I got sucked into posting a comment here when I should be working -because the name "PAUL CRAIG ROBERTS" appeared in my peripheral vision, and "everything just sort of faded into blurry shades of black and red" as I slid into a paroxysm of dislike for the little rat.

I'd like a dart board with that punks face painted on it. That would be fun. Sorry, wandering a bit here ... :eek:

[waysouth]

Re: Who is shorting Gold?

damn...didn't qualify for omniscience when i joined up..so where do you get that?

Re: Who is shorting Gold?

We had this discussion a few days ago on another thread.

[waysouth]

Re: Who is shorting Gold?

looking past correction..?

unless you are Merlin how would you tell a correction from a reversal in advance?

Re: Who is shorting Gold?

Analysis of the gold chart suggests a move to $750 is in the making

Already factored in. We're looking out past the next 3-6 month correction.

[waysouth]

Re: Who is shorting Gold?

You dont need conspiracy theories to see a lower gold target here based on market action

In particular gold stocks are very weak relative to the gold price

A strong possibility is they are forecasting a significantly lower gold price going forward

Analysis of the gold chart suggests a move to $750 is in the making

Re: Who is shorting Gold?

Inflation is such a problem, against such a robust global infrastructure build-out (that just won't quit) as background, that base metals may well remain in a bull market through the next two-three years. Think how many endless reams of pages we've read in the past year, all categorically and ominously predicting the gawd-almighty crash in base metals as the US economy imploded.

(With one or two exceptions) Wurz da big bada-boom base metals crash at guys? US has been presumably in recession since late last year! So wurz da crash at?

The flat to down metals in this list are Copper, Nickel and Uranium, and they were all three the biggest high-flyers, so are expected to show more subdued action. Overall, this set of metals puts the lie to base metals declines, and it puts the lie to a global recession too.









I'm seeing various calls for $1200 gold by year-end (30% upside. What? Not again!? Whew!). Where does that put fleet-footed Rodney-Dangerfield Silver? Meanwhile John Williams at Shadowstats is sounding a little more apoplectic about inflation with every passing week ... fasten yer seatbelts.

[rabot10]

Re: Who is shorting Gold?

C1ue -

With respect, you are omitting the larger parentheses in your observation. All of this highly effective shorting, which you posit has a stranglehold on the precious metal, has been waging a quite evident rearguard action against the price for the past seven years. What do you prove about the overwhelming power of shorting if it's been losing massive ground to the spot price for so many years in a row?

I never do understand why you take up these admittedly highly articulate and wonkish arguments, buttressed by apparently unassailable data but so often build arguments from the short term data. When the larger premise (soaring silver price) negates any theory of effective price-capping, even if your short term data seems to overwhelmingly support the validity of shorts controlling the price, it's in fact easy enough to observe that they don't merely by dialing your observation out a few years, no? The price capping you are talking about is short term, within a longer term trend of evident failure of price manipulation. Any ten year chart reveals it at a glance. Isn't this evident?

Ya what he said!!

[nathanhulick]

Re: Who is shorting Gold?

Not me - I dig conspiracy theories.

Blue Horseshoe *loves* GLD @ 75. I repeat: Blue Horseshoe *loves* GLD @ 75. ;)

-Ant

John has a long mustache! John has a long mustache!

[jimmygu3]

Re: Who is shorting Gold?

We've heard a rumor of gold to $800 from several sources. Anyone else heard this?

Fred, any update from your sources on the $800 gold rumors?

Re: Who is shorting Gold?

Methinks you continue to hide behind the skirts of others.

You can have it your way C1ue, I'm not worried to be clutching onto any Mamas apron strings. As long as Mama's smart, and heading in the right direction, I'm happy. ;)

[Nervous Drake]

Re: Who is shorting Gold?

.

[c1ue]

Re: Who is shorting Gold?

Central banks and the hedges have had seven years during which time they've strenuously exercised themselves to exert an influence upon the gold price sufficient to protect their interests (beat back serious challenges to their FIAT money's acceptance in the world). Their interests have taken a beating in the process - yet you maintain they have not yet really tried?

Methinks you need better arguments.

Until we see legislation specifically targeting the price of gold, or confiscation, I completely disagree that CBs and the government have failed to attack gold as a disagreeable countersign to dollar devaluation.

As for hedgies, again you betray a complete loss of memory.

Why would a hedge fund plonk around with gold in 2000 with the Internet going strong?

Or in 2003 as the commercial/residential real estate bubble swelled?

Or in 2005 as LBOs exploded?

And where is the game to play now?

Methinks you continue to hide behind the skirts of others.