tag:blogger.com,1999:blog-502356674750161309.post2459229218973204705..comments2009-06-11T20:52:09.443-07:00Eric deCarbonnelhttp://www.blogger.com/profile/08023745289801416061noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-502356674750161309.post-87018448109585633012009-06-11T20:52:09.443-07:002009-06-11T20:52:09.443-07:00Huge market spike as US markets opened on the 5th. Looked to me like it was Gold related all markets reacted together including all currency charts on my screen I would`nt be suprised if Banks were taking delivery out the back door show them a Law or Rule and they will break it. Look at whats been going on with the DJA it`s run up in the after hours session on light volume then sold off during the days trade thus giving the impression of new daily hi`s some are buying it, take care. Trader.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-60931610476465727192009-06-09T04:12:06.803-07:002009-06-09T04:12:06.803-07:00not that surprising about switzerland and not a fair comparison really. Switzerland is where the wealthy people stash their wealthAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-46469565388392511312009-06-08T21:17:33.528-07:002009-06-08T21:17:33.528-07:00The third comment in this series of comments provides figures for the demand of gold bullion in some European countries. For instance, Switzerland demanded in the first quarter of this year (2009), 39.2 tons of gold bullion - the same amount of gold bullion bought in the US during this time. However, since the US population is 300 million while the population of Switzerland is only 7 million, the Swiss gold demand per capita of population is almost 43 times as high as the demand in the US. If true, that would be really an astonishing fact.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-68060411072541303562009-06-08T17:43:09.435-07:002009-06-08T17:43:09.435-07:00&quot;Pohon Bodhi said... <br />People says silver is less available today than 2 decades ago. But still the Big Boy can manipulate it&#39;s price.<br /><br />If they can do it with silver, they can also do it with gold.<br /><br />The time we witness gold &amp; silver &quot;skyrocket&quot; could be years, if not decades, away....... or couldn&#39;t it?<br />June 8, 2009 3:01 AM <br />Anonymous said... <br />why should we invest in gold/silver if government can manipulate the price like this. Theres no limit to how long they can get the price down because they can print money<br />June 8, 2009 3:09 AM &quot;<br /><br />Pohon they don&#39;t manipulate the price low by giving out physical silver, they manipulate it down by giving out Federal Reserve Notes which are allot more easier to produce than physical silver but at the same time since this enormous $1.4 quadrillion debt is deleveraging, all those existing Fed Notes and all the newly printed one are being drafted to plug holes(stop defaults) and this is why, when gold/silver goes down in price the economy takes a hit in another area(i.e rising treasury bond yields, rising defaults, declining stock market etc.) The govt. has lost control and it is right in front of your eyes. When another large event calls more dollars in to stop defaults(i.e commercial real estate due dates) it will be harder to move those dollars to the gold/silver market to keep the price down. Basically they don&#39;t have enough fingers to plug the holes in the dike. The simple math everyone should know is that the credit contraction can and is taking $100 from the money supply allot faster than the printing presses can print $100. So if you know this, how can you possibly expect your bank accounts or any bonds/trusts/funds/debt to be safe? Hoard your physical gold and silver NOW. And if you still don&#39;t understand that the more defaults there are the more prices of things rises then you need to read my past replies explaining it.Numonicnoreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-3450262500600099812009-06-08T10:15:13.252-07:002009-06-08T10:15:13.252-07:00Couldn&#39;t this be another form of Dark Pool activity?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-65415260978737241392009-06-08T06:11:48.218-07:002009-06-08T06:11:48.218-07:00Also quite readable concerning the bond markets and the gold action: <a rel="nofollow">http://economicedge.blogspot.com/2009/06/horror-bond-traders-are-white-with.html</a><br /><br />The article gives a good feeling regarding the US treasury bond market. I also agree with the article, seeing the gold moves in the last months, that the US government will simply not allow gold above 1000 USD.<br /><br />Evenly interesting is that the ECB plays the role of a european bad-band since 2007. The ECB accepts unmarketable securities from the banks in return for central bank cash. Regarding the total amounts of the transactions no clear numbers are available. It is assumed to be in the mid 3-digit billions. Source (only in german, but with lots of additional sources): <a rel="nofollow">http://www.nachdenkseiten.de/?p=3992#h02</a><br /><br />We will see how log that whole thing is sustainable.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-4536439417493453352009-06-08T05:34:33.067-07:002009-06-08T05:34:33.067-07:00In the last 6 weeks, the spot prices for gold and silver went up a lot. That means lots of buying. However, the premiums for gold/silver bullions at bullion dealers (www.apmex.com etc) went down a lot. That means less buying. Spot price and retail premium were in the opposite direction. What was going on? A big puzzle for me.<br /><br />Kitco and somenone with HSBC New York told me that there was more selling.Jimmynoreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-3755001498359283352009-06-08T04:16:57.279-07:002009-06-08T04:16:57.279-07:00Hello Eric,<br />You gave a comprehensive view of what is happening in the precious metals market, thanks. <br />I want to add some perspective: Gold in euro is more or less flat since may 5th with a range of 671 to 691 eu/oz based on London’s pm fix. The chart of $GOLD:$XEU shows a small move upwards but that could be noise as well. <br />In Germany, Austria and Switzerland is currently a huge demand for gold bullion. In the first quarter of ’09 the bullion demand was with the numbers for first quarter of 2008 in brackets:<br />Germany 59 metric tons (11.8 t)<br />Austria 22.7 metric tons (1.9 t)<br />Switzerland 39.2 metric tons (7.3)<br />For the USA the numbers are 39.2 metric tons (7.3)<br />Source (in German)<br />http://diepresse.com/home/wirtschaft/economist/481082/index.do?_vl_backlink=/home/index.do<br />Gold in yen shows a stronger uptrend then in euro, in the p&amp;f chart even an outbreak from a double top. If the price is manipulated, the manipulators have to stop the trend early before it gathers steam. As far as I know the Japanese calculate in yen per gram; the price is now around 3,000 what might be a point as important as a DJI of 10,000.<br />Moreover, the dollar needs/needed urgent support ad a DX of 78. <br />All this seems to be related but it is not clear what drives and what follows.<br />GuntherAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-92136764627838702962009-06-08T03:09:40.840-07:002009-06-08T03:09:40.840-07:00why should we invest in gold/silver if government can manipulate the price like this. Theres no limit to how long they can get the price down because they can print moneyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-86078234524108208192009-06-08T03:01:46.299-07:002009-06-08T03:01:46.299-07:00People says silver is less available today than 2 decades ago. But still the Big Boy can manipulate it&#39;s price.<br /><br />If they can do it with silver, they can also do it with gold.<br /><br />The time we witness gold &amp; silver &quot;skyrocket&quot; could be years, if not decades, away....... or couldn&#39;t it?Pohon Bodhihttp://pohonbodhi.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-26673772556719516972009-06-08T01:56:31.261-07:002009-06-08T01:56:31.261-07:00I&#39;m taking advantage of these $25-40 swings on the FOREX exchange while the gettin&#39; is good. <br /><br />Routing profits out of USD then getting as much PM&#39;s, foreign currency, food, medical supplies, guns and ammo while I still can. <br /><br />Gonna get nasty here in about 6 months. <br /><br />Fail to plan. Plan to fail. <br /><br />Ed in CAAnonymousnoreply@blogger.com