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My little piece of peace

Discussion in 'Marketplace' started by masalai, Feb 5, 2009.

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  1. Moggy
    Joined: Feb 2011
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    Moggy Senior Member

    Mas,

    The miners are turning buyers as the traded price falls below the cost of production. The thing is that they can now close out hedging (forward sales) at a larger profit as paper cost is under production cost.... they are effectively mining the LBMA and Comex! Now while they may be putting 20% down on contracts at the end of the day they have to deliver real metal SO come the time they will ask for real metal... be it a forward or future... either way the position gets translated to a Comex hedge, long position in this case. We are talking tonnage as the price gets lower from here, this alone will provide a base and most probably a sling shot out of the lows. The short sellers have an objective and, I might say, what looks to be a very elegant plan/setup to cover into "sell in May" liquidation and some final USDX strength.... but the physical market is working out and spoiling for the fight. If there is the slightest miscalculation from the short side regarding the amount of liquidation they can generate into these lows they may have effectively built a giant market driven "potato gun".... we are building pressure.... this US summer could be a whole lot of fun for yours truly :D

    Stay nimble!

    PS> Issue a "please explain" if needed... the Shiraz has been flowing freely :D
     
  2. masalai
    Joined: Oct 2007
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    Location: cruising, Australia

    masalai masalai

    Hi Moggy,
    Good on-yer, Must have been good - but only Shiraz:?: Don't mention the "potato" thing else you may feel pain as collateral damage? I would normally be asleep but woke to what sounded like fireworks - nothing but a glowing half moon to be seen in the western sky...

    http://www.bullionvault.com/gold-price-chart.do around Au$1364/oz (Au$43867/kg) - all this talk of cracking under 1200? I am waiting but not holding my breath as the Chinese and Indians will be buying up big - hopefully the metal and not paper or electronic...
     
  3. Moggy
    Joined: Feb 2011
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    Moggy Senior Member

    1200 appears to be the objective, a number of things support that idea so we can expect another salvo of incoming paper.
     
  4. Moggy
    Joined: Feb 2011
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    Moggy Senior Member

    Rupiah, you will need a currency converter :p
     
  5. masalai
    Joined: Oct 2007
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    masalai masalai

    Hi Moggy,
    No stutter the system was trying to anticipate me - and Hoyt has not seen his King George effort yet....... How is the head ?

    More on why the smash down - and conveniently hidden by a couple of stupid Chechen brothers...

    http://www.caseyresearch.com/cdd/money-wars The Room with David Galland - on - The Money Wars

    http://www.gata.org/node/12475 James Turk: What's next for gold?

    http://www.gata.org/node/12476 Video of CBC's 'The Secret World of Gold' posted at GoldSeek I hope that this time the video link works - a 1 hour 'docco' YES :!: :!: - - So, What is new - disputang (a firecracker without a bang) :eek:

    http://www.gata.org/node/12477 Gold was smashed to hide delivery failure, Sinclair says Does that sound plausible :?: :?: I thought one had to "go down before one goes up" :?: - - - "Sinclair: “What he is saying is that the potential losses are so large, and he is referring to the more than one quadrillion dollars in legacy over-the-counter market for derivatives, that nobody could create that much money. So what’s pending now is so large, and these statements from Stein are confirmation that Cyprus is in fact the blueprint in the United States for coming financial failures.... " “Recent events have also revealed that the paper gold market is in failure right now.”

    http://www.gata.org/node/12478 Has Barry Ritholtz ever questioned a central bank about gold? - If ya gotta ask you know a paid dummy :?: A talking head and nothing to compare with "MaxHeadroom" who had huge intellect comparatively :?:

    http://www.gata.org/node/12479 Gold refiners can't keep up with orders, von Greyerz tells King World News - A SHORTFALL IN SUPPLY headeth our way :D :D :D :p

    http://www.bullionvault.com/gold-price-chart.do Well all quiet till Monday something - UNLESS they declare a BANK HOLIDAY :?: aveagoodweekendanddontforgettheaeroguard....

    Bix Weir reminds us that 1 May is a day of infamy for the bullion manipulators :D http://youtu.be/QGZ5f1G1Ep0
    227480
     
  6. Moggy
    Joined: Feb 2011
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    Moggy Senior Member

    Head is fine! Shiraz 2 years old or better is kind :)
     
  7. Moggy
    Joined: Feb 2011
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    Moggy Senior Member

    Jim Sinclair - 50K Gold!!!!! - systemic failure in progress - US will be "Cyprussed".

    To be frank it sounds nuts.

    The last time I heard Jim amp up the volume like this (not these sorts of calls!) was just prior to 2008 and we came damn close having a systemic religious experience then. His track record is checkered when it comes to calls, but he is not that bad over all.

    I'm really a little gobsmacked, Jim is a little eccentric but not totally nuts. 50K Gold means there is no system left, that is Mad Max crap, I mean.... WTF?

    If what he says is true and it is underway now you will see a bank holiday in the US one weekend soon. That will be the first thing that people know about it, surprise is a must when these sorts of stunts are pulled.

    ???????????

    Maybe they just altered his meds.

    I hope so.

    If not could you get them to alter my meds! :D
     
  8. masalai
    Joined: Oct 2007
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    masalai masalai

    Hi Moggy,
    but good fun and may spook the punters into a bit more entertainment ? - Who knows there seem to be delays? - - waiting for the right psychological moment to kick off again :?: Either way breathe deeply and hyperventilate until you feel giddy then take one last deep breath and burst out insanely laughing, It will sound plausible and no one will worry... When asked say someone left a leaking bottle of helium... - It turned out to be one hell of a gass (joke) :eek:

    Classical Gas - - http://www.youtube.com/watch?v=TQJ1k2HMoRU by a master..........

    http://www.moneymorning.com.au/20130419/the-big-crash-and-what-investors-can-do-about-it.html The Big Crash and What Investors Can Do About It - - Very interesting, says he, whilst rubbing his jaw, and turning to face Shultz...

    http://www.moneymorning.com.au/20130420/the-x-factor-for-hard-asset-investors.html Velocity: The X Factor for Hard Asset Investors Uncle Ben has some "fixing" to do - will he succeed or fail again...

    http://www.moneymorning.com.au/20130420/money-weekend-digest-13-april-2013-2.html Money Weekend Digest: 13 April 2013
    227497
     
  9. masalai
    Joined: Oct 2007
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    masalai masalai

    http://asopa.typepad.com/ Keith Jackson & Friends: PNG ATTITUDE Interesting stories of the present and times long ago by writers from and with an interest in Papua New Guinea...
     
  10. masalai
    Joined: Oct 2007
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    Location: cruising, Australia

    masalai masalai

  11. masalai
    Joined: Oct 2007
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    Location: cruising, Australia

    masalai masalai

    http://www.youtube.com/watch?v=FvAD4RjsHSc&feature=em-uploademail $300 - $500 SILVER? - BrotherJohnF & Chris Duane - - - Not sure if this has value or credence...... for the headline..

    Of value is Ed Steers G&S daily here http://www.caseyresearch.com/gsd/ed...-bear-market...or-physical-gold-discount-sale

    http://www.youtube.com/watch?v=Z6-L-JA3qQ8 sometimes good and sometimes ?

    Very quiet even for a Sunday - nothing to "aggregate" maybe everyone is praying for safety and peace... Thanks for those ideals for peace and freedom.
    227754
     
  12. masalai
    Joined: Oct 2007
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    Location: cruising, Australia

    masalai masalai

    228193
    http://news.yahoo.com/slovenia-insists-not-next-cyprus-063544054.html Slovenia insists it's not the next Cyprus Once the Banksters have "declared" it is likely a foregone conclusion regardless of monetary soundness or denial if a run is induced - the perception based on fear is enough in these times of mistrust and fraud...

    http://www.wealthwire.com/?r=1 Wealth Wire is becoming The Outsider Club Quite a few interesting titles on the essays may please more than a few...

    stefan molyneux has this Women on Pedestals Can Only Fall... Stefan Molyneux of Freedomain Radio http://www.youtube.com/watch?v=KChSU1lDtJQ&feature=em-uploademail
     
  13. masalai
    Joined: Oct 2007
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    Location: cruising, Australia

    masalai masalai

    228219
    http://www.dailyreckoning.com.au/the-cracks-in-solidarity-at-the-recent-g20-gabfest/2013/04/22/ The Cracks in Solidarity at the Recent G20 Gabfest but I prefer "The Canary Gets Blasted"

    From the effervescent quill of Bill Bonner in USA Why The Most Important Thing You’ll Read This Year Won’t Be in the News http://www.dailyreckoning.com.au/wh...ead-this-year-wont-be-in-the-news/2013/04/22/

    How Central Planners are Committed to Ruining the Economy http://www.dailyreckoning.com.au/ho...-committed-to-ruining-the-economy/2013/04/22/
     
  14. masalai
    Joined: Oct 2007
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    Location: cruising, Australia

    masalai masalai

    Macroeconomics study is no longer fun - it is like watching pitch drip (Queensland University has had an experiment running for :?:more than 50 years:?: and as few as 5 drops so far.) - THAT IS SLOW... - ADD to the equation that most markets are manipulated, (unintended consequences and deliberate), so do not hold your breath waiting for true market sentiment or honest value... All I am waiting for is the punters to realise that the casino is rigged, and they will never win consistently, Yes they are mostly a really dumb lot addicted to gambling, - or - have an inside run...

    So who is on a short winning streak, has insider run or plain lucky for the present, briefly playing the direction of the movements... Of the prognosticators who points to the needed changes turning points?

    Bix Weir is away with a countdown - at 21 days at present (free or paying email service only)...

    Casey Research - Doug is not convinced, Bud Conrad is moved, Ed Steer http://www.caseyresearch.com/gsd seems to be convinced...

    'GATA' http://www.gata.org/taxonomy/term/2 is satisfied with their research, as is 'Gerald Celente', http://www.geraldcelente.com/2013/04 'Le Metropole Cafe' and others

    PPP ('Daily Reckoning' http://www.dailyreckoning.com.au/ and 'Money Morning' http://www.moneymorning.com.au/ ), seem ambivalent and libertarians at heart...

    I suppose I will probably continue to post links mainly during times/periods of potentially significant interest

    http://www.bullionvault.com/gold-price-chart.do for bullion prices live in several key currencies. seems to be slowly crawling upwards for the present...
    http://www.shadowstats.com/ for John Williams statistical analysis of USA
    https://www.youtube.com/PeterSchiff
    http://rt.com/shows/keiser-report/ -

    - Stay informed and look at all blogs and discern what you feel is rubbish and follow that which seems reasoned and plausible. Any reasoned links that you find, please post that link - Rabid nut cases are a dime a dozen and are of no real interest to anyone...
    228354
     

  15. masalai
    Joined: Oct 2007
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    Location: cruising, Australia

    masalai masalai

    http://www.mauldineconomics.com/ttmygh/bulls-hit Things That Make You Go Hmmm... - Bulls Hit

    http://www.gata.org/node/12490 Gold futures default under-way and Fed will reimburse bullion banks, Maguire says HERE IT COMES - does this imply that the FED has NO GOLD BULLION EITHER - BABY YOU WILL BE SCREWED - bank run yet :?: get in first or miss out...
    http://www.moneymorning.com.au/2013...ession-rally-in-resource-stocks-take-two.html Stand By for the Recession Rally: Take Two

    http://www.moneymorning.com.au/20130423/coming-soon-the-cottage-industrial-revolution.html Coming Soon: The Next Industrial Revolution

    http://us2.campaign-archive1.com/?u=9a24310bd94e6be4b59cd3da4&id=850caa39ef&e=2c25cd1ee1 MacroBusiness links an aggregation service - some are for the talking heads some are excellent and insightful...

    When it happens it will happen in a flash... :?: WHEN:?: FIIK :!: Ready to watch the show?

    - - - I am ready anyone to join me - or - BOAT IS FOR SALE (an excellent escape machine), 2000+ mile range on less than a tonne of fuel for 6kg gold bullion ready for you at Cairns - serious counter-offers considered...

    - - - I have a beautiful spot on 15 acres bordering wet tropical rainforest, 3 bedroom 2 story cottage with mains power (Aust 240V ac), land-line for telephone & 'reasonable' broadband mobile coverage... WIWO... PM me "attention Pam" with a sensible offer...
     
    Last edited: Apr 23, 2013
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