Gold

[Valuegrowth]

http://www.forbes.com/sites/kitconew...ect-50-rogers/

Gold Prices Could Still Correct 50%: Rogers

[elZorro]

MW: the headline is a bit inaccurate, the 50% drop prediction was from the $1900 high, not the current gold price.

As JB has been saying all along, the US appears to be having a bit of trouble in getting hold of enough gold to send back to the rightful owners, Germany. http://www.cnbc.com/id/100382718

Net longs in gold are now higher than net shorts, especially in the US.

http://campaign.r20.constantcontact....1cNNTW4oKNA%3D

Of course it's just a coincidence that when Germany asked for the gold to be repatriated, mid January 2013, gold was stable and trading within limits of $1600 to $1800 an ounce. It has been shorted down to $1200 and lower, since. Most of the shorting steps were brutal, a sign of massive selling power that triggered other trades based on stop-losses.

Germany is asking for 300 tonnes of gold to be sent back, and it's meant to be held in a Federal Bank in NYC. Its value is around $13.8 billion, but the tricky thing might be getting hold of that amount of gold bars, considering it's over 10Moz, or the entire contents of a very big gold mine.

More background on the USA's record of gold stockpiling. http://nsnbc.me/2013/04/18/federal-r...-u-s-vaults-2/

300 tonnes of gold is over 10% of annual worldwide production of gold, and the costs of that extraction at that level is relatively high, and not reducing. If some of the higher cost mines get mothballed, that would reduce the average cost of gold production, but gold output would be slashed.

http://www.miningfeeds.com/2013/04/2...oduction-2013/

[Skol]

http://finance.yahoo.com/news/histor...123653573.html

[elZorro]

Comment on the INO website:

Anonymole says: July 15, 2013 at 8:19 pm
Two points:
1) QE "should" have inflated the US$. It hasn't for another two reasons: a) two $trillion of the three $trillion QE that has been injected into the US "economy" has gone directly onto the central banks balance sheets. Central banks are just sitting on it (see ZeroHedge). This has kept the rate of inflation way down suppressing the price of gold. b) Foreign currency central banks have also been easing which has propped up the dollar and its index and again, suppressing the price of gold.
2) Gold has undoubtedly been manipulated over the last 4 months (since April). There is no way to beat the Fed's central bank partners when it comes to playing funny money with gold. Gold WILL go back up, but only after the central banks have pressured it as low as they think it will go without triggering scandal.

[winner69]

This guy got some charts too

http://www.mauldineconomics.com/ttmygh/what-if

[elZorro]

This guy got some charts too

http://www.mauldineconomics.com/ttmygh/what-if

Thanks for that W69, it lines up too. I hadn't seen that article, full of good info. Maybe my gold investments aren't such dead ducks after all. They just appear to be so.

Asking to have your physical gold returned is not the same as taking a loss on it, and once more investors start to realise that this is what's going on, the price should recover. In the meanwhile, the banks are foregoing some of their bullion leasing profits and concentrating on putting the word out that gold is in a downwards trend. Just so they can buy that gold back at an acceptable price.

Like a swan, all calm looking on top, paddling furiously under the water.

[Skol]

A break below $1260 has a downside target of $1000.

http://www.cnbc.com/id/100888334

[JBmurc]

[QUOTE=karlos;417107]No stress Daytr, it was the flippin fire water again

As an apology, I present a superfast overview of last couple of years, got the idea from Phaedrus
Attachment 4651
If the masses are correct then I suppose we could see $5000

"The one who laughs last laughs best"

the Gold Silver story is far from over just as the US/UK/Euro fiat woes are also far from over

Skol was dead wrong from $1000 to $1900

I've been bullish Gold/silver from mid 2000's aka $500oz au $6oz silver ....

I stand but my statement Gold/silver hasn't seen a true Parabolic move to match the 80's

[Skol]

Parabolic enough to resign gold and silver as dog investments for the next 20 years. There are too many walking wounded for precious metals to recover, maybe the next generation might find something interesting in them.

[JBmurc]

Parabolic enough to resign gold and silver as dog investments for the next 20 years. There are too many walking wounded for precious metals to recover, maybe the next generation might find something interesting in them.

Wow that comment is going look very stupid in years to come ....
walking wounded yes I agree on the production side of Gold/silver if the price does stay at these levels it's going smashed production worldwide reserves /exploration that only much higher prices will fix..S.A gold production looks likely to hit the wall very soon

World population gowth ..approx. 1%pa
World gold production...approx. 1%pa
World fiat production..... ?