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Gold easing down
Topic Started: 11 Sep 2014, 09:57 PM (11,440 Views)
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szokolay
9 Oct 2014, 07:38 AM
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$1381

Your in Australia now, we don't use US dollars.

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newjez
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b_b
4 Oct 2014, 08:36 PM
Fortunately, your analogy has no relationship whatsoever with QE.

Most institutions that own bonds don't rush down to the corner store with cash to buy lollies or clothes. And even if they did, QE does not help them anyway, because bonds are a very liquid asset class, and they can go to the corner store any time.

The evidence is in. QE does FA. Do yourself a favour and read the link below.

http://pragcap.com/why-the-inaccurate-inflation-predictions-matter
What do the institutions that own bonds or rather their directors, partners and traders buy? And have these items been inflated? I haven't checked, but it wouldn't surprise me if the price of luxury cars, yachts and multi million dollar houses have gone up over the past five years. What happens when this stops?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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The feds naked short selling of gold etf was in full swing last night to surpress the gold price.

Just look at last nights gold graph, could not be clearer. This bs always goes on when the US market is open.

Just flushing out all the chicken littles, so everyone else can buy cheap, the indians and chinese must be laughing their heads off.

Seeing as the fed have no real gold left to manipulate the market with, they mess around with the etf gold fund by selling etf amounts they dont actually have. It allows them to sell amounts of ten times what is actually held in the gold fund. But slowly this fund is being eroded.

Count , do you have the latest stats on gold supplies in the etf fund, and how are they looking now ?

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Sydneyite
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9 Oct 2014, 08:50 AM
The feds naked short selling of gold etf was in full swing last night to surpress the gold price.

Just look at last nights gold graph, could not be clearer. This bs always goes on when the US market is open.

Just flushing out all the chicken littles, so everyone else can buy cheap, the indians and chinese must be laughing their heads off.

Seeing as the fed have no real gold left to manipulate the market with, they mess around with the etf gold fund by selling etf amounts they dont actually have. It allows them to sell amounts of ten times what is actually held in the gold fund. But slowly this fund is being eroded.

Count , do you have the latest stats on gold supplies in the etf fund, and how are they looking now ?

Simply clueless.

Even *if* the Fed did want to influence the gold price, why the hell would they short sell the GLD ETF??? This makes no sense? For a start, you generally can't short sell ETFs, unless you have someone to "borrow" existing ETF units from. But even given this, it makes no sense, when you can just sell the CME gold futures contract to your hearts content, with no need for stuffing around with covered shorts in the ETF market etc..... :re:

PS: the SPDR GLD ETF continues to have it's holdings sold down - at the end of 2012 it had about 1250 tonnes of the shiny metal - it's now down to 762 odd tonnes. That's a *lot* of net selling of physical ETF units over 1.5-2 years.....
Edited by Sydneyite, 9 Oct 2014, 09:22 AM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Stan
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9 Oct 2014, 08:50 AM
The feds naked short selling of gold etf was in full swing last night to surpress the gold price.

Just look at last nights gold graph, could not be clearer. This bs always goes on when the US market is open.

Just flushing out all the chicken littles, so everyone else can buy cheap, the indians and chinese must be laughing their heads off.

Seeing as the fed have no real gold left to manipulate the market with, they mess around with the etf gold fund by selling etf amounts they dont actually have. It allows them to sell amounts of ten times what is actually held in the gold fund. But slowly this fund is being eroded.

Count , do you have the latest stats on gold supplies in the etf fund, and how are they looking now ?

Many commodities use futures/etf - but for some reason it's a conspiracy when they are applied to gold and silver.
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b_b
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newjez
9 Oct 2014, 08:29 AM
What do the institutions that own bonds or rather their directors, partners and traders buy? And have these items been inflated? I haven't checked, but it wouldn't surprise me if the price of luxury cars, yachts and multi million dollar houses have gone up over the past five years. What happens when this stops?
Did you read the link? What did you think?
(S – I) + (T - G) + (M - X) = 0
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zaph
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9 Oct 2014, 07:51 AM
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Your(sic) in Australia now, we don't use US dollars.
LOL!!!!!!
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Sydneyite
9 Oct 2014, 09:16 AM
Simply clueless.

Even *if* the Fed did want to influence the gold price, why the hell would they short sell the GLD ETF??? This makes no sense? For a start, you generally can't short sell ETFs, unless you have someone to "borrow" existing ETF units from. But even given this, it makes no sense, when you can just sell the CME gold futures contract to your hearts content, with no need for stuffing around with covered shorts in the ETF market etc..... :re:

PS: the SPDR GLD ETF continues to have it's holdings sold down - at the end of 2012 it had about 1250 tonnes of the shiny metal - it's now down to 762 odd tonnes. That's a *lot* of net selling of physical ETF units over 1.5-2 years.....
Would seem you are.

The futures market is usually influenced by the gold prices at the current levels, where the futures prices will float around dictated by how prices are running at the present, even though your futures purchases could be for october next year or the year after.

The only way to dictate the futures prices is to dictate the currrent gold price levels. How can you influence the futures market, if the gold price is rising ? You cant....because the futures will keep rising and its such a broad market spaced out over years it would be too hard to influence. Its not only much easier to influence the gold price directly, which THEN influences the futures prices. Have a fckn think before you claim I am clueless.....Idiot....

They dump naked etfs to draw the price down. They usually do this when gold becomes a threat at the wrong time or starts rising to much. You see it on graphs during US trading hours, often near the open. Last night was a blatant example . Its threatening to push up and they attempt to surpress it .
They dump an absolute shitload at or near the open, when things become threatening, then a whole lot of people shit themselves and places sell orders below that by the ton, then they go and place that massive sell order below them all again, it then has another little shit. But with the gold running out of the etf fund, as you showed us in your post,which can sell ten times what it holds, there influencing power must be slowly diminishing.
With this tappering over, the stock market will soon head backwards. If it collapsed ,our dollar and gold will take a hit initially as their dollar would surge. But they would probably jump in with another QE. They won't be raising rates their, they can't. Another QE will arrive before any Interest rates rises, unless of course they are finally prepared to let the market correct.....
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Sydneyite
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9 Oct 2014, 10:30 PM
Would seem you are.

The futures market is usually influenced by the gold prices at the current levels, where the futures prices will float around dictated by how prices are running at the present, even though your futures purchases could be for october next year or the year after.

The only way to dictate the futures prices is to dictate the currrent gold price levels. How can you influence the futures market, if the gold price is rising ? You cant....because the futures will keep rising and its such a broad market spaced out over years it would be too hard to influence. Its not only much easier to influence the gold price directly, which THEN influences the futures prices. Have a fckn think before you claim I am clueless.....Idiot....

They dump naked etfs to draw the price down. They usually do this when gold becomes a threat at the wrong time or starts rising to much. You see it on graphs during US trading hours, often near the open. Last night was a blatant example . Its threatening to push up and they attempt to surpress it .
They dump an absolute shitload at or near the open, when things become threatening, then a whole lot of people shit themselves and places sell orders below that by the ton, then they go and place that massive sell order below them all again, it then has another little shit. But with the gold running out of the etf fund, as you showed us in your post,which can sell ten times what it holds, there influencing power must be slowly diminishing.
With this tappering over, the stock market will soon head backwards. If it collapsed ,our dollar and gold will take a hit initially as their dollar would surge. But they would probably jump in with another QE. They won't be raising rates their, they can't. Another QE will arrive before any Interest rates rises, unless of course they are finally prepared to let the market correct.....
No, you have still demonstrated that you are completely clueless - you clearly don't understand how the futures market for gold works at all, nor how the ETF market operates.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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szokolay
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It's been proven that the gold market is rigged, countless times, debating it is like debating whether politicians are corrupt.

if you believe in the political system and stand by it like many Australians do you will believe nearly all politicians are lilly white. If you look at the facts though, The perks and incredable retirement packages they gave themselves, not to mention the cush high paid jobs they are given by corporate friends after they retire from public life, you cannot help but see them all as being basically corrupt at some level.

Around 98% of the gold trade on the planet is in paper form, with no available gold backing it up. And this system is controlled by only a handful of money centre banks. It's a cartel in the true sense. Trying to pretend it's all market controlled just makes you look like a naive noob in financial affairs. It's obviously manipulated, just like Australian interest rates are manipulated.

In the case of bank rates the majority of people believe they are being lowered to "Help out" the aussie economy so we can all keep our homes and not go broke, but the reality is they are being lowered so as to maintain credit issuance and bank profits. The fact that we appear to benefit is inconsequential to the corporate leaders. Their bottom like always comes first, it's why they are sacking millions of highly paid workers across the globe, why Australian banks have sacked thousands of workers even as they post record profits. Why would they do this if they cared for the public?
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