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Short sqeeeze coming for gold?

bidaskbidask Posts: 14,017 ✭✭✭✭✭
in Precious Metals
1270 pivitol?
I manage money. I earn money. I save money .
I give away money. I collect money.
I don’t love money . I do love the Lord God.




Comments

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I think that is anyone really knew what would happen in the gold market, they would not be talking.... Cheers, RickO
  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    lots of bets that taper will occur this week.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • bronco2078bronco2078 Posts: 10,226 ✭✭✭✭✭


    << <i>lots of bets that taper will occur this week. >>




    It's too late to taper this month image

    the FED already bought 37.4 billion in MBS through the 22nd of January.
  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    an announcement for further taper is expected this week

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • C0INB0YC0INB0Y Posts: 627 ✭✭


    << <i>1270 pivitol? >>



    Bidask, with all due respect there is only the Paper Price and guessing it short or long term is simply a waste of time.

    As Germany found out in December when they only got 37.5 Tons back, there is no Gold.

    Thus, despite that the Central Banksters have all declared 'gold as a relic of the past', someone *forgot* to send the Memo out to us peasants.

    China isn't playing along, either.

    I 'predict' the CME will in the near future, be forced to declare they can not deliver ANY Gold.

    Then the price explodes up. Caveat: I think at that time you had also better be long Ammo and MRE's
    I was ‘COINB0Y' with 4812 posts and ‘Expert Collector’ ranking (Joined in 2006).
  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    I think that for the market to turn around, this level needs to be held for a few weeks or more. I have been noticing more buyers than sellers in my shop lately. That is a small but good indication.
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • jmski52jmski52 Posts: 22,862 ✭✭✭✭✭
    I think that for the market to turn around, this level needs to be held for a few weeks or more. I have been noticing more buyers than sellers in my shop lately. That is a small but good indication.

    They say that the US only accounts for about 10% of world demand. That's not because there isn't money in the US. It's because they've done a pretty good job of diminishing gold's potential as an alternative to fiat. If any sizeable percentage of the population in the US decides that physical gold is safer than a government promise, all bets are off. To Rick's point, and as Coinboy already suggested - when gold can't be delivered on the CME it's very likely that the price will seek equilibrium in real time.

    I'd rather be long than short in physical metals right now.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,137 ✭✭✭✭✭


    << <i>I think that for the market to turn around, this level needs to be held for a few weeks or more. I have been noticing more buyers than sellers in my shop lately. That is a small but good indication.

    They say that the US only accounts for about 10% of world demand. That's not because there isn't money in the US. It's because they've done a pretty good job of diminishing gold's potential as an alternative to fiat. If any sizeable percentage of the population in the US decides that physical gold is safer than a government promise, all bets are off. To Rick's point, and as Coinboy already suggested - when gold can't be delivered on the CME it's very likely that the price will seek equilibrium in real time.

    I'd rather be long than short in physical metals right now. >>




    You said the same thing 3 years ago. imageimageimage
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,862 ✭✭✭✭✭
    You said the same thing 3 years ago.imageimageimage

    There's a reason for that. And I'll be consistant by saying it again.

    Nothing's been fixed.

    I'd rather be long than short in physical metals right now.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭


    << <i>1270 pivitol? >>

    hey the short squeeze materialized

    Probably good for a move to 1350-1400.
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • derrybderryb Posts: 36,824 ✭✭✭✭✭


    << <i>

    << <i>1270 pivitol? >>

    hey the short squeeze materialized

    Probably good for a move to 1350-1400. >>


    The 1270 materialized. Look for a hit back below 1250. The bullion banks aren't ready to get squozed yet.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jmski52jmski52 Posts: 22,862 ✭✭✭✭✭
    News Flash! Congress has just announced that there is NO debt ceiling. Henceforth, all spending will be waved on through without adieu. Without so much as a passing glance.

    Taper - Off! That's my prediction.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭
    Another good day for gold......the squeeze is on!
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




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