Gold

**JBmurc** · 21-12-2011, 08:35 PM

Gold currently 1628 up $243 ^ 17% for the year overall good results for the bullish gold investors..

The PIGS selling Gold I'm sure many other Central banks will be happy to print up some more Fiat for it..

**drillfix** · 21-12-2011, 09:54 PM

JB,

What concerns me is that Gold should be falling when markets are climbing, not climbing in unison, and vice versa.

It is like is has coupled to equities and the safe refuge theme has turned to convergence rather than divergence so everything now seems out of wack.

I believe all the previous QE1&2 and artificial stimulus to the markets plus fabrication has coupled the commodity with all others for whatever reason. Yet it should decouple from equities, or at least producers one would think.

**Skol** · 22-12-2011, 06:59 AM

Yeah, isn't it hilarious? The despised and hated USD is actually the safehaven, something the goldbugs will find extremely hard to swallow and it'll be something they won't own.

**JBmurc** · 22-12-2011, 08:47 AM

Originally Posted by drillfix

JB,

What concerns me is that Gold should be falling when markets are climbing, not climbing in unison, and vice versa.

It is like is has coupled to equities and the safe refuge theme has turned to convergence rather than divergence so everything now seems out of wack.

I believe all the previous QE1&2 and artificial stimulus to the markets plus fabrication has coupled the commodity with all others for whatever reason. Yet it should decouple from equities, or at least producers one would think.

Yes many paper gold investments are getting treated like equities ,when a insto,hedge fund covers a margin call or want's to increase cash holdings their Gold like equities get hit esp now with many more investors holding paper gold...it's all about leverage most big days more paper Gold?siver trades that physical is produced international over the entire year,, when you think how many of these paper gold investment have little to no real gold backing it's really just a big pozi scam of safety which as we seen with MFG...where investors that even held gold bullion with them lost out along with all the others..

Here in NZ Gold/silver Bullion hasn't really moved much over the year with the USD strengthening

IMHO 2012 will be the year that many Gold/silver equities will be priced closer to their underlining value to the metal prices

**skid** · 22-12-2011, 09:15 AM

Heres an interesting thought--If you just bought Gold and Silver,where would you be sitting on the 2011 share picking comp.

**JBmurc** · 22-12-2011, 11:47 AM

Originally Posted by skid

Heres an interesting thought--If you just bought Gold and Silver,where would you be sitting on the 2011 share picking comp.

your'd be near the top that for sure..

London Trader - There are Tremendous Silver Shortages(also relates to Gold)

http://kingworldnews.com/kingworldne...Shortages.html

So using as little ammunition (physical gold) as possible, and in thinly traded markets, they take out these pivots. They smash the price, but leave just enough physical gold for going into the fixes because the smart buyers are saying, ‘I’ll take it at this price.’ So, as we go into the fix, they’ve provided just enough physical to satisfy as many of those buyers as they can. They then smash it right after the fix, again, with paper.

That’s what’s happened with gold and it’s the reason it has been manipulated down to these levels. It’s the only way they could do it, and it’s a sign of absolute desperation when central banks are willing to risk giving bullion banks gold they will never, ever receive back.

You don’t think the Chinese aren’t sitting here taking every single ounce of that leased gold? Of course they are. There were actually three enormous physical buy areas that they pierced, where, literally, there was tonnage ordered. I estimate well over 100 tons of physical gold was taken between the first pivot they broke, where these guys loaded up with discounted gold, and this stuff disappears from the West to the East.

These central banks had to be in desperation to allow this borrowed gold to be absorbed by foreign entities. They needed to raise dollars in a hurry and they are extremely afraid of gold going through the roof. I was very, very surprised they got as far as they did (driving gold lower). They had to use an awful lot of gold to do it.”