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Fintan
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PostPosted: Fri Jul 16, 2010 9:15 pm    Post subject: Reply with quote

Yep, IT did it again. (see my post above)

Score another for the green




Ok, it's just for fun and I wouldn't read too much into it,
but it's such a chuckle the way gold refuses to fall in
line when all else going downhill.

Do I remember right that there was a time when gold would
be deliberately hammered when stocks took this kind of a hit,
just to put the peasants off switching to the yellow metal?

Wha'zza problem? All the NWO cash tied up elsewhere
plugging the leaks in system?

If they are gonna unhook the stock market in order to
drive money to US Bond Market I'd do it real soon, before
the market gets wind of the odor off T-Bills.

Monday would be good.

Laughing

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Fintan
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PostPosted: Thu Jul 29, 2010 1:01 pm    Post subject: Reply with quote

Quote:

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hawkwind



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PostPosted: Fri Jul 30, 2010 3:13 pm    Post subject: Reply with quote

Just saying ....

Quote:
Gold best performing asset class over 6 months, 1, 3, 5 and 10 years

Over the past ten years gold's annual return has been 14.3% in sterling terms, compared with 5.9% pa from bonds, 1.6% in cash and just 1.2% in real estate. Equity returns were negative.

Author: Rhona O'Connell
Posted: Thursday , 29 Jul 2010

http://www.mineweb.com/mineweb/view/mineweb/en/page31?oid=108861&sn=Detail&pid=31

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hawkwind



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PostPosted: Fri Jul 30, 2010 6:36 pm    Post subject: Reply with quote

Blah Blah Blah ... NWO agenda ... kill somebody, with no justification ... I'm back on the top of the list again ... :comthump Watch what happens next ... Laughing
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Fintan
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PostPosted: Wed Aug 04, 2010 4:26 pm    Post subject: Reply with quote

Cross link to Gold issues discussed by Jim Willie:

http://breakfornews.com/forum/viewtopic.php?p=65727#65727

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Fintan
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PostPosted: Sat Aug 07, 2010 12:22 am    Post subject: Reply with quote

Quote:
The Seven Sins of GLD

Written by Jeff Nielson Tuesday, 06 July 2010 14:45

Given my scathing criticism of most (so-called) “bullion-ETF's”, I frequently
get reader questions about the “prospectus” of one fund or another. I freely
confess to not having read these documents. My (stated) reasons for not
doing so are that I do not, and would not hold such investments, and that I
have already provided enough reasons to doubt the legitimacy of these
investment vehicles that such an analysis would be moot.


However, at the persistent urging of one reader, I finally caved-in and went
through the prospectus of The Mother of all Bullion Scams: GLD....

READ ON: http://www.bullionbullscanada.com/the-seven-sins-of-gld

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Robert



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PostPosted: Thu Aug 12, 2010 8:03 pm    Post subject: Reply with quote

Hinde Capital - 8-12-10 Report

Hellfire, these Scottish Raspberries-this season from Perth-are off the tastemeter of flavour.
Must be that strong winters bring some life back into our food.

Long Raspberries and handheld metals.(though not Lead and Raspberries in the hand at the same time).
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Fintan
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PostPosted: Sun Aug 15, 2010 6:43 pm    Post subject: Reply with quote

Ha, ha! Great report.

Meanwhile.....

The fix* is in (*so to speak Wink )

One of the best graphs I've seen proving price manipulation :

Quote:


The more gold rises over night (blue) in essentially Asian markets
the more it is sold down into the London PM price fix (red), by
representatives of five bullion banks, namely HSBC, Deutsche Bank,
Scotia Mocatta, Societe Generale, and Barclays.


FULL ARTICLE:
https://marketforceanalysis.com/articles/latest_article_081310.html


Notice that the graph trend was predictable from 2001 - 2006.

Then it steepened in 2006 until early 2009.

Since then the fix graph has steepened dramatically
and the divergence has become awesome.

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Fintan
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PostPosted: Thu Aug 19, 2010 8:20 pm    Post subject: Reply with quote

NAILED!

Quote:


See the CNBC anchors wriggle and divert and spin! Laughing

I love this guy's statement in the video:

"Gold in itself has no value."

Now this guy is a gold-bug, but he's not buying
Ron Paul's 'gold as a reserve currency' lunacy.

He says it's just one part of a currency backing.
It's simply a non-inflatable store of value.
And that value is the inverse of fiat debasement.
Simple.

They stopped him pointing out that despite throwing
$20 Trilion at the banks, employment had crashed
by 8 million in the US, public debt has soared and
if the 0% rate was increased to even 1% it would
rip the system apart.

So QE-II will become QE-III and QE-IV.....

Because:

1) Deleveraging / Deflation threatens to wipe
out all the super-wealthy's loan notes, imposed
on Gov's and Joe Public --which is game over.

2) Joe Public is relentlessly pulling liquidity out
of the system which must be replaced with fake
fiat/debt to act as a temporary glue.....

And it's coming unglued.

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Fintan
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PostPosted: Mon Sep 06, 2010 11:33 am    Post subject: Reply with quote

Quote:
Paulson & Co. (Bloomberg: 573991Z US) Inc., a New York-based investment management firm, today announced its retention of Dr. Alan Greenspan, former chairman of the Federal Reserve Board, as a member of its advisory board. Dr. Greenspan will provide ongoing advice to Paulson's investment management team by sharing his perspective on issues affecting the financial markets. This will be an exclusive arrangement, insofar as Dr. Greenspan will not enter into a similar consulting arrangement with any other hedge fund while he is working with Paulson & Co. Inc.

Interesting development reported by Zerohedge:

Quote:
......in discussing the gold research expertise that backs up the [Paulson] fund, we read this most curious disclosure:

Lastly, and perhaps most important, from a monetary policy perspective in developing an ability to forecast the timing and future price of gold we believe we have an unparalleled team. Former Federal Reserve Chairman Alan Greenspan has been extremely helpful to us in undestanding the relationship between the monetary base, the money supply, inflation and gold prices.

This is probably the single most important take home message in this entire post. Basically, Paulson confirms implicitly that the Fed itself (via the man who got us to this woeful economic state), is advocating the purchase of gold, as he is confident that the double whammy of the monetary base and supply will lead to a surge in gold. Whether this means inflation or hyperinflation, and the final playout of the "Gold to $36,000 scenario" is uncertain. But when the world's biggest hedge fund, and the world's greatest economic disaster have sat down, and decided that gold is a buy here, we will certainly not step in their way. Basically the Paulson-Greenspan JV have confirmed what everyone tacitly knows: the Fed has no option but to reflate. And it will stop at nothing, even if it means the forced conversion of gold from its legacy commodity status, to a full-accepted currency. Gold bears beware.

http://www.zerohedge.com/article/exclusive-paulson

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Fintan
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PostPosted: Sat Sep 18, 2010 5:49 pm    Post subject: Reply with quote

Quote:
The Gold Bulls Are Vindicated

September 16th, 2010

SPECIAL GOLD ALL TIME HIGH ISSUE

For the faithful who have crossed the desert and suffered the slings and arrows of critics and the ridicule of non believers, gold’s move today to an all time high of $1,276 delivers the greatest of all vindications.

All it took was some comments by Ben Bernanke about quantitative easing triggering dollar weakness, and it was off to the races. It didn’t hurt that the Indian wedding season, the largest annual purchaser of gold, is just beginning. Actually, it wasn’t much of a desert, maybe more of a Zen rock garden, as the barbarous relic, (yes, Alison, it’s barbarous, not barbaric) sold off for only six weeks, down to $1,155, before it resumed its recent ascent. The Chinese buying I predicted put a floor under the price much higher than traders anticipated, frustrating hoards of buyers lower down (click here for “China’s Insatiable Appetite for Gold”).

So now the question arises of what to do with your bounteous profits, and how much risk does the yellow metal present here. I get asked this question a dozen times a day, by some who have been long since the current move started more than a decade ago at $260, and others who stood on the sidelines and watched in awe as it went to the moon, kicking themselves all the way. Is it too late to get in?

They call the yellow metal the barbarous relic for a reason. Let’s face it. We’ve had a great run. Gold is one of the top performing assets of 2010 by a long shot, soaring 16% YTD to its peak today, when most other asset classes sucked. Investors did even better in the futures, leveraged ETF’s like the (UGL), and gold mining shares or their out of the money calls.

If you are the world’s greatest day trader, and think you can grab something here on the short side, then go ahead and knock yourself out. But you will be going against the long term trend. Obama has not suddenly turned into a paragon of fiscal rectitude, and Ben Bernanke still has the keys to the printing presses. The Fed has yet to even admit its role in the credit bubble of the last decade. Fiat paper currencies are still running a frenzied race to the bottom. Politicians of both parties see the only way to win elections is to inflate.

Almost all short term money market alternatives globally are yielding close to zero, meaning that the opportunity cost of owning the gold is nil. It turns out that they aren’t making gold any more. The output of gold has fallen by 12% annually for the past decade, compared to a doubling of production costs to $500/ounce. Reserves everywhere are playing out, and top producer Barrick Gold (ABX) isn’t opening a new mine at 15,000 feet in the Andes because it likes the fresh air. The upcoming slugfest in Congress over whether to extend tax cuts for 97% of the populace, or the whole 100%, will almost certainly cause many investors to just throw up their hands in despair and start shopping for American gold eagles at Amazon (click here for that link).

Now that we have broken out to a new high, many traders think the yellow metal won’t pause to catch its breath until we hit $1,300. I still think my long term target of $2,300 is a chip shot, but it might take three years to get there. There are higher predictions of $5,000, $10,000, and $50,000 based on ratios of gold to broadening definitions of monetary assets, but I won’t bother with those here (click here for “The Ultra Bull Case for Gold”). First things first.

Below are the downside support points on the charts, with my comments.

$1,212 -50 day moving average, probably holds, but a break signals a more serious pull back.

$1,166 – 200 day moving average held last time, should work again. Unlikely to get there, but the world is a big buyer if it does.

$1,050- The 2010 low, the old multi year high, and the place where the Reserve Bank of India kicked off the current love fest with its surprise 200 tonne purchase 11 months ago. Unlikely to get there, but the world is a big buyer if it does. Bet the ranch here.

$680 – The 2008 low- In you dreams. We aren’t going to get a full blown flight to liquidity we saw in that dreadful year. Relegated to the history books for good.

Use any serious dips to accumulate low cost, growing, gold miners with decent valuations, which are enjoying escalating operating leverage the higher the barbaric relic runs. Some new names you might entertain are Royal Gold (RGLD), Agnico-Eagle Mines (AEM), and Great Basin Gold (GBG).

http://www.madhedgefundtrader.com/september-16-2010.html

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Fintan
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PostPosted: Wed Sep 22, 2010 7:47 pm    Post subject: Reply with quote

Quote:
With BIS gold swap, central banks throw the kitchen sink at gold

7:30p ET Tuesday, July 6, 2010

Western central banks have begun throwing the kitchen sink at gold, as
word broke today of a monster gold swap undertaken by the [b]Bank for
International Settlements
, which, as GATA noted the other day, long
has been a center of surreptitious gold market intervention...[/b]

(see http://www.gata.org/node/8773)

....and indeed was the lead defendant in GATA consultant Reg Howe's
gold price manipulation lawsuit in U.S. District Court in Boston in 2000
(see http://www.goldensextant.com/). The BIS gold swap appears to
involve 380 tonnes that likely were sold into the market immediately.
A report about it can be found at Jesse's Cafe Americain here:

http://jessescrossroadscafe.blogspot.com/2010/07/imf-engaged-in-gold-swap

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


More background links below, but first here's Jim Willie with Max Keiser
discussing the alleged deep story behind the 380 Ton BIS Gold Swap:


Their story speaks of a concerted attempt by a dozen billionaires
demanding physical delivery of gold in order to get their money back
-believing their gold is actually gone.

Financial records in Building 7 also get a mention at end of Part 3.

You decide, as always Wink

Quote:

Quote:

Quote:


Quote:
Mysterious BIS gold swaps are likely a bullion bank bailout

BIS In 380 Tonnes of Gold Swaps;
Organized Looting of Sovereign Wealth; No Confidence


James Turk: Deciphering the BIS gold swap

The Official version of the story:

BIS gold swaps mystery is unravelled


Quote:
Gold swap mystery deepens as BIS
gets correction from Wall Street Journal


10:47p ET Wednesday, July 7, 2010

The Wall Street Journal this evening updated and corrected its report about the gold swaps undertaken by the Bank for International Settlements, disclosing an e-mailed statement from the BIS stating that the swaps were with commercial banks, not central banks as the newspaper first reported.

The updated story suggests that some puzzlement continues about the swaps:

"The enormous amount of gold involved, nearly tripling what the BIS itself owns, left many market participants wondering about the nature of the deals. The BIS declined to identify the commercial banks involved. ... It isn't clear what prompted the banks to borrow from the BIS instead of their central banks." ..... MORE

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