<< <i>Demand for paper and demand for physical are completely separate and should not be compared or contrasted. >>
When the price of one is the basis for the price of the other, comparison is required.
<< <i>Less money is being spent for both paper and physical products. Demand is not increasing. >>
There you go again, incorrectly measuring demand with dollars and not with product.
"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
It seems to me, many people on here assume it's that the comex must have gold or whatever PM in it's inventory for every short position held and it's the comex's responsibility to deliver said physical if the buyer wants physical delivery.... and if delivery of more physical is requested than the comex has, that will result in default...do I have that right?
<< <i>There's more demand by the government for gold than there is in the private sector. See Langbords for details. A law degree is where the money is. >>
Yep that degree gets u a huge government pension...
<< <i>It seems to me, many people on here assume it's that the comex must have gold or whatever PM in it's inventory for every short position held and it's the comex's responsibility to deliver said physical if the buyer wants physical delivery.... and if delivery of more physical is requested than the comex has, that will result in default...do I have that right? >>
Much, much more paper (futures contracts) are being sold than there is gold to cover it. Most contracts are paid out in cash when they come due. Comex will default (and gold will skyrocket) if a large percentage of contract holders (longs) decide they want the gold on due date instead of the cash. Constant game of musical chairs, a game that eventually leaves some one out.
"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
<< <i>It seems to me, many people on here assume it's that the comex must have gold or whatever PM in it's inventory for every short position held and it's the comex's responsibility to deliver said physical if the buyer wants physical delivery.... and if delivery of more physical is requested than the comex has, that will result in default...do I have that right? >>
Much, much more paper (futures contracts) are being sold than there is gold to cover it. Most contracts are paid out in cash when they come due. Comex will default (and gold will skyrocket) if a large percentage of contract holders (longs) decide they want the gold on due date instead of the cash. Constant game of musical chairs, a game that eventually leaves some one out. >>
What's with the continued fantasy of the comex default??? It's whole premise is based on default, it defaults every day... The gold will skyrocket based on this is more pie in the sky analysis...
<< <i>It seems to me, many people on here assume it's that the comex must have gold or whatever PM in it's inventory for every short position held and it's the comex's responsibility to deliver said physical if the buyer wants physical delivery.... and if delivery of more physical is requested than the comex has, that will result in default...do I have that right? >>
Much, much more paper (futures contracts) are being sold than there is gold to cover it. Most contracts are paid out in cash when they come due. Comex will default (and gold will skyrocket) if a large percentage of contract holders (longs) decide they want the gold on due date instead of the cash. Constant game of musical chairs, a game that eventually leaves some one out. >>
What's with the continued fantasy of the comex default??? It's whole premise is based on default, it defaults every day... The gold will skyrocket based on this is more pie in the sky analysis... >>
RT.. time for you to leave the Gold Conspiracy Advocates, and gold Demigods alone They've been preaching that scenario for a long time along with the assumption that gold would save the world from a financial doomsday scenario. Let them have their nightmares.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>Demand for paper and demand for physical are completely separate and should not be compared or contrasted.
Less money is being spent for both paper and physical products. Demand is not increasing.
Believe otherwise and continue to be in disbelief. >>
I'm happy that price is down on physical gold but I'm not buying a proportionally great amount. Demand in ounces has remained the same for me .
I don't think measuring demand in dollars is particularly valid for most concrete items. If I'm building a house I need so many 2x6's or feet of wire regardless of price . If I'm feeding my family the amount of hamburger depends on the mouths that need to be fed. If any concrete item goes on sale I may get more but many times I will not. It would depend a lot on whether I thought price would continue to drop .
<< <i>What's with the continued fantasy of the comex default??? It's whole premise is based on default, it defaults every day... The gold will skyrocket based on this is more pie in the sky analysis... >>
it's simple: PM price discovery is based on COMEX market action. That market action is based on make believe PMs. No problem as long as COMEX sellers are willing to accept cash in lieu of the metal they purchased. This can continue indefinitely, and it will, until those sellers want the actual undeliverable metal they purchased with a futures contract. All charades continue until they can't.
"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
<< <i>What's with the continued fantasy of the comex default??? It's whole premise is based on default, it defaults every day... The gold will skyrocket based on this is more pie in the sky analysis... >>
it's simple: PM price discovery is based on COMEX market action. That market action is based on make believe PMs. No problem as long as COMEX sellers are willing to accept cash in lieu of the metal they purchased. This can continue indefinitely, and it will, until those sellers want the actual undeliverable metal they purchased with a futures contract. All charades continue until they can't. >>
Lol, it's not a charade, it's how the system was implemented, the "charade" has crushed and will forever crush all comers of "charade" thought...
You walk out on the high wire You're a dancer on thin ice You pay no heed to the danger And less to advice Your footsteps are forbidden But with a knowledge of your sin You throw your love to all the strangers And caution to the wind
And you go dancing through doorways Just to see what you will find Leaving nothing to interfere With the crazy balance of your mind And when you finally reappear At the place where you came in You've thrown your love to all the strangers And caution to the wind
It takes love over gold And mind over matter To do what you do that you must When the things that you hold Can fall and be shattered Or run through your fingers like dust
Some days peanuts, some days shells. Applies to investment assets as well.
"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
<< <i> I don't think measuring demand in dollars is particularly valid for most concrete items
Gold isn't concrete. It is anti-fiat. And folks are less willing to trade fiat for anti-fiat. Demand has not increased for PMs. >>
There's no way of accurately measuring world wide demand for physical gold. And certainly the way it's currently done, is inaccurate. What you see everyday in financial market trading is the demand for paper gold via futures, options, derivatives, and ETF's. There's an unlimited supply of "key strokes" at any time...but a very finite amount of gold. Demand for physical gold could be rising while that of paper gold could be falling. And since paper gold trades at >100X the volume of that of physical, pricing can be quite skewed. The recent addition of $50 BILL in silver derivative's to Citibank's pile, is the same as hedging with 4 years of world silver production. You can't get 4 years of production from anywhere.....except paper promises. JPM outdid Citi by adding $4 TRILL worth in commodity derivatives. And people wonder why commodity prices are still falling....lol.
Marc Faber claims that since he can't short central banks directly gold is the next best thing.
"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
<< <i>Marc Faber claims that since he can't short central banks directly gold is the next best thing. >>
That's interesting, I though central banks were buying gold??? Lol, then he should be shorting(selling gold) to them... >>
Not unusual for a business that knows its end is near to short themselves.
"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
<< <i>That's the great thing about stocks Roadrunner. ..they are businesses. And business adapts, it changes and stands up to challenge. And this is why stock analysts can change their tune. If you look at the chart you will see a 20% decline in AMZN after my comment.
But PMs...they can't adapt, can't change. They just sit there..doing nothing, hoping for other things to change. We are always taught to be proactive, not reactive.
I think cohodk also set up camp for the US dollar at 75, when you said it was going to 50.
I think cohodk nailed a $14 call on silver even with a specific timeframe. I think he said copper 2as going to 2 when it was 4. And to stay away from palladium. And recently said oil would barely get to 60 while others predicted 75.
He even said in march that global interest rates bottomed..I welcome you to chart rates since.
Even some of our farming members were cautioned on agricultural products.
Maybe its better to promote conspiracies since that forces one to prove s negative which is impossible.
Or maybe keep promoting the LIE that China is selling Treasuries. Even an idiot can research that Chinese holdings in May were the same as a year ago and HIGHER than 6 months earlier.
For a group of people who bemoan the feeding of information to the sheeple, some of you are first in line and back for seconds for misinformation. And never do you question it. >>
Record of calls can be corroborated by looking back at old posts; looks like you did say all that stuff
<< <i>people wonder why commodity prices are still falling....lol.
Smoeone on this board expected commodities to be weak way back in 2010. I think he is laughing also.
But now he might be starting to lean the other way. >>
Yeah we know. It was the same guy who said gold and silver (ie commodities) were all done in October 2009. Silver tripled from that level. A number of commodities doubled up. Cotton was up 10X. Meats flew too.
So is the new standard for the forum getting credit for calling turns 1-3 years early??? Anyone here get "credit" for calling the top in Disney back at $53 or $67.....yeah, I didn't think so....as it too doubled up. That was 2-3 years early. Though certainly now taking a beating as the break out gap at $94-$96 looks to be filling.
I know why commodity prices are still falling as I mentioned it back in early July when the OCC derivative's report came out. But, as usual, the fiat bugs labeled it with the C word and then laughed it off. If commodities had any hopes of turning around in mid-2015 it was quickly dashed when an additional $4 TRILL in otc derivatives showed up on JPM's commodity tab (93% of the US market). That was only a 17X increase in the size of that market over the previous 5 years. Everyday stuff, right? And not to be outdone, Citigroup added $50 BILL in otc silver derivatives (3 years of world production). The sheeple won't keep funneling their money into the stock market if commodities are going up. And the fix for that is pretty darn easy as I just showed. But, these temporary road blocks eventually give way to market turns despite the interventions.
<< <i>You said silver was a great buy 10 years ago, it's still the same price today. Kudos to you!!!! >>
You make it sound like it stayed the same price for 10 years. Some of us saw a 300% gain.
"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
<< <i>Roadrunner, I've posted charts of the crb index in a downtrend for years, and you want to blame JPM? Hahahaha haha
You said silver was a great buy 10 years ago, it's still the same price today. Kudos to you!!!! >>
When all else fails, use revisionist fiat booger history and pick specific windows that perfectly fit the story you are trying to tell...exactly what Cohodk continually tells everyone you can't do. Hey, but when you're out of ammo, start tossing bricks from your home's foundation.....lol. Isn't this what the fiateers have been claiming the gold bugs have been doing all along? Et tu Brute? Too funny.
Silver was a great buy 10 years ago. And anyone with any common sense sold at least 1/3 to 1/2 of their purchases during the uptrend into 2011? Did you? I know I did. My net cost in remaining silver is down around $8. I'm comfortable with that. My gold purchases tended to be slabbed MS63-MS65 Saints. And those have held value quite well since the 2003-2007 era when I bought most of them. Can't even believe that Cohodk is making fun of silver for putting in a 10-12 bagger from 2001-2011. The irony is just comical. The stock market can go up 10X and give it all back, but that would be "good" and not subject to critique. The pots are out in force today looking for any kettles they can find...ha ha ha. When the stock market revisits some very deep lows, we will get to play this same game all over again.
Yes, silver was a fabulous buy in 2005. Apparently only 2 fools decided to bail out on it.....Buffet and Cohodk. It's apparent that being so wrong on metals from 2009-2012 still eats at Cohodk. And he thinks that missing most of the 2001-2011 PM rally is somehow minimized by the 4 year drop. I can't imagine a professional stock trader missing a 10 year - 10 bagger bull market and then critiquing others who benefited from it. Only here on the forum will you get such "unbiased" views. The stock market is up a measly 50% since 2000 (at least it used to be) yet from reading Cohodk's posts you'd think everyone missed a 10 bagger. Imagine if stocks had rose 10X from 2000 and someone missed that??? Methinks Cohodk should work for CNBC or Bloomberg news.
The miserables are in desperate need of company. >>
Misery loves company.
"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
<< <i>That's the great thing about stocks Roadrunner. ..they are businesses. And business adapts, it changes and stands up to challenge. And this is why stock analysts can change their tune. If you look at the chart you will see a 20% decline in AMZN after my comment.
But PMs...they can't adapt, can't change. They just sit there..doing nothing, hoping for other things to change. We are always taught to be proactive, not reactive.
I think cohodk also set up camp for the US dollar at 75, when you said it was going to 50.
I think cohodk nailed a $14 call on silver even with a specific timeframe. I think he said copper 2as going to 2 when it was 4. And to stay away from palladium. And recently said oil would barely get to 60 while others predicted 75.
>>
Record of calls can be corroborated by looking back at old posts; looks like you did say all that stuff
What next?? >>
You forgot this one from March 24.... I wouldnt be surprised to see SP-500 at 1850 by end of year
<< <i>You must be following the wrong stocks roadrunner. Oh well, maybe if you had you could finally move into the 21st century. >>
Seemed like everything you recommended from 2002-2012 was the "wrong stock." GLD, SLV, the Bookstore, Goog, etc. Did you even get Disney right?
1979? Didn't you know we're in the 21st century?
The professional trader couldn't even figure out how to ride a 10 year - 12 bagger in silver and a 7 bagger in gold. What gives? All the stocks you say can't go any higher...always see to go higher. Can you do us all a favor and tell us which ones will be going higher so we don't buy those?
And yes, I did enjoy life much more in 1979. It was far simpler...and much easier. Being 25 is a lot more fun than being 60. But if owning every i-gadget is your quest in life....have at it. You could turn off the internet and all the i-crap tomorrow and I'd be just as happy. Hey, I wouldn't have to listen to you.
<< <i>You must be following the wrong stocks roadrunner. Oh well, maybe if you had you could finally move into the 21st century. >>
Seemed like everything you recommended from 2002-2012 was the "wrong stock." GLD, SLV, the bookstore, goog, etc. Did you even get Disney right? >>
I don't think I recommended any of those. But I believe I did make some positive comments about silver in august 2010. Shall I find that for you?
Or maybe I should find my warning about stocks in march 2008.
But that's boring. Let's discuss derivatives, or manipulation, or the one dumptruck Tanzanian royalty trust you spoke so highly of. Or maybe JPM or the Crimex. So much more exciting!!
<< <i>You must be following the wrong stocks roadrunner. Oh well, maybe if you had you could finally move into the 21st century. >>
Seemed like everything you recommended from 2002-2012 was the "wrong stock." GLD, SLV, the bookstore, goog, etc. Did you even get Disney right? >>
I don't think I recommended any of those. But I believe I did make some positive comments about silver in august 2010. Shall I find that for you?
Or maybe I should find my warning about stocks in march 2008.
But that's boring. Let's discuss derivatives, or manipulation, or the one dumptruck Tanzanian royalty trust you spoke so highly of. Or maybe JPM or the Crimex. So much more exciting!! >>
Of course you didn't recommend any of those stocks. That's the point. The went up, and went up big. Sure take credit for silver in August 2010, that coming after you said gold (and silver) were cooked in fall of 2009. A blind man could see gold and silver accelerating out of August 2010. Did you buy any silver?
You warned us about stocks in March 2008.....5 months AFTER the Oct 2007 peak. Well thanks for that heads up. A blind man could see that stocks were headed for the basement in 2008....on the heels of those pesky and "irrelevant" derivatives you speak so highly of.....lol.
Tanzanian Royalty Trust? Find a post on the forum where I recommended TRX. Then again, even empty holes with a single dump truck can rally hard....we learned that lesson during the Dotcom bubble. We're learning it again during the i-gadget and social media bubble. Even TRX was a 12 bagger in 2005/2006. But apparently you don't like 12 baggers. You'd rather discuss how the stock market is up 50% since 2000. Great return. Crappy gold is only up 350% in that time....silver up 270%. So explain to me how 50% is better than 350%.
I personally wouldn't put a penny into TRX. But, these things have a way of making "experts" look silly. TRX share price is higher than many gold miners with significant P&P/M&I reserves, some of them producers. You just might have to eat those TRX words someday. I doubt Sinclair is keeping the price of TRX elevated by himself.....but who knows, stranger things have happened. If TRX eventually starts to mine gold and turns a profit.....you can bet I'll be serving it up to you. This reminds me of the company that had 4 delivery trucks selling gourmet Taco's or something in the LA area with a market cap of $10 MILL. Now that's a joke. At least Sinclair's mine has a NI-43-101 M&I estimate of 1.1 MILL gold oz. I'll take that over 4 Taco Trucks in LA. Odds are against TRX imo. But I won't count out a junk yard dog like Sinclair.
In the end everything we buy is going to cost twenty bucks. And it will only be worth a dime. That's my 2 cents' worth on the debate. Inflation is the name of the game. Then a bubble bursts and things (stuff : assets, company value, dollar, gas, oil, clothing, health care, etc) goes up in cost but down in value/worth.
One day it will all be worth less and people will still be clamoring for love.
I guess the rot runs deep when it comes to our financial markets because in this late July 2013 article (after gold crashed to $1180) the major brokerage analysts that Forbes drummed up ranked TRX as the best gold miner buy out of the 50 choices in the index. This was Forbes, not Zero Hedge or King World News....lol. Time to put up or shut up as they have processed material through the heap leach pads....yet no results of the pour yet.
A study of analyst recommendations at the major brokerages shows that Tanzanian Royalty Exploration Corp (AMEX: TRX) is the #1 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector. The companies listed in the Metals Channel Global Mining Titans Index are not fixed, but instead variable — updating on a continuous basis to reflect the changing market environment with respect to commodity prices, government policy and market volatility.
<< <i>IIRC, RR forecast a slide in the GSR about 2 weeks ago when it was about 73.
It is now about 78.
Oh well. >>
Streeter, you are quite mistaken, and maybe even a liar looking to bag someone during a time when Team Fiat is taking quite the pounding. But read on so I can prove at least one of my contentions.
First, show me where I said that 2 weeks ago (10 trading days). 2-3 weeks ago GSR was finishing up it's drop. On the trading blog I attend daily, I've been saying since the end of July that GSR met conditions for bottoming. By August 12th it was quite extreme with 4 stoch-rsi heads, 4-5 days below or near the lower Boll Band and oscillators bottomed out. And on top of that GSR was 5 weeks into a decline. It typically bottoms after 1-4 weeks, and almost never past 6 weeks. What I probably did say a number of weeks ago while GSR was still descending that it had some gaps at 72 and 70 it might address. And it did that....and found support at the 72 gap. I know for sure that 8-10 days ago GSR had a near perfect bottoming bottom. On the blog, I stated that 9 trading days ago that the GSR bottom was essentially imminent. It took off higher the next day. You should come over to this trading blog...you might learn something other than how to misquote people. Another revisionist member from Club Cohodk. There's always room for more members though. Sign up today.
Here's my exact post from the trading blog I attend. I was warning the other members that a whipsaw reversal was brewing. This is 8/12 at 8:27 am EST....9 trading days ago. I was fearful of the GSR pattern at this point. Streeter.....you're busted brother. Just shtick to calling bottoms which you are much better at.....lol. I'd be more than happy to have an impartial/circle of trust forum member like MJ, Jmski52, etc. to check out this blog to verify my statement. I'll give them my password. They can report back here. I usually start watching GSR for a turn after the 3rd stoch-rsi head forms. This one lingered on for a while and made a rare 4th head.
This is 8/12/2015 at 8:27 am EST:
GSR with 4 distinct stoch-rsi heads. Everything is bottomed out in oscillators....text book action. And this decline at 5 weeks is way long for GSR where 1-4 week declines are the norm. Measured move into the 72 gap is pretty much complete. Note the 2 day Bollinger Band break through. The last 3 major dips had those last 4-5 days before coming back in and rebounding. So that supports the notion of 2-3 days left of this move....a new moon window GSR low. It still may try to overshoot and reach the deeper gap at 70ish. The dollar is about 2 weeks away from an expected daily cycle bottom. If GSR continues to move with it as it has for a year or more, then maybe this rally in PMs can continue until the 2nd OpEx.
There's a 10 week expanded wedge in play on the chart plus a much longer one. But, I'll let Streeter decipher what it all means. ......you were warned.
<< <i>IIRC, RR forecast a slide in the GSR about 2 weeks ago when it was about 73.
It is now about 78.
Oh well. >>
Look at the chart. There's not even a spot at 73 where those conditions were in effect 2 weeks ago....it was a gap down right through 73. And even if it was at 73....it was still dropping down to 72. And the next time at 73 it was rallying. Case closed. Have you ever looked at a GSR chart before? Do you know what GSR means? And no, it doesn't mean "Get Stinkin' Roadrunner." Though, that's exactly what you tried to do. Try again. Next time drop the anvil, you'll run faster......
You guys are failing big time the past few days. I think it's time you brought in some reinforcements. Is it the impending Full Moon or just the stock market crashing that's bringing out this temporary insanity in several fiateers?
Just to humor myself, I looked back 25 days to anytime I mentioned GSR in a thread. The only thing close was on August 10th when I said the GSR blew through the 200 dma....and linked the chart. There was no opinion offered on GSR, just the statement to mention that the 200 dma broke down. If that's Streeter's idea of a "prediction for GSR going down," they have much to learn about analysis, facts, and TA. And this is coming from the guy who nailed the summer gold bottom.........in reverse....lol. When Streeter is in fully bearish PM mode....that's the buy signal.
Fiatbooger analytics at its finest. Even did Streeter's own leg work for him...lol. At this point, I wouldn't trust them to do it alone....who knows what revisionism they come up with next.
Comments
You can make or take delivery.
The physical metals prices follow the futures.
<< <i>Demand for paper and demand for physical are completely separate and should not be compared or contrasted. >>
When the price of one is the basis for the price of the other, comparison is required.
<< <i>Less money is being spent for both paper and physical products. Demand is not increasing. >>
There you go again, incorrectly measuring demand with dollars and not with product.
"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
A law degree is where the money is.
<< <i>There's more demand by the government for gold than there is in the private sector. See Langbords for details.
A law degree is where the money is. >>
Yep that degree gets u a huge government pension...
<< <i>It seems to me, many people on here assume it's that the comex must have gold or whatever PM in it's inventory for every short position held and it's the comex's responsibility to deliver said physical if the buyer wants physical delivery.... and if delivery of more physical is requested than the comex has, that will result in default...do I have that right? >>
Much, much more paper (futures contracts) are being sold than there is gold to cover it. Most contracts are paid out in cash when they come due. Comex will default (and gold will skyrocket) if a large percentage of contract holders (longs) decide they want the gold on due date instead of the cash. Constant game of musical chairs, a game that eventually leaves some one out.
"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
<< <i>
<< <i>It seems to me, many people on here assume it's that the comex must have gold or whatever PM in it's inventory for every short position held and it's the comex's responsibility to deliver said physical if the buyer wants physical delivery.... and if delivery of more physical is requested than the comex has, that will result in default...do I have that right? >>
Much, much more paper (futures contracts) are being sold than there is gold to cover it. Most contracts are paid out in cash when they come due. Comex will default (and gold will skyrocket) if a large percentage of contract holders (longs) decide they want the gold on due date instead of the cash. Constant game of musical chairs, a game that eventually leaves some one out. >>
What's with the continued fantasy of the comex default??? It's whole premise is based on default, it defaults every day...
The gold will skyrocket based on this is more pie in the sky analysis...
<< <i>
<< <i>
<< <i>It seems to me, many people on here assume it's that the comex must have gold or whatever PM in it's inventory for every short position held and it's the comex's responsibility to deliver said physical if the buyer wants physical delivery.... and if delivery of more physical is requested than the comex has, that will result in default...do I have that right? >>
Much, much more paper (futures contracts) are being sold than there is gold to cover it. Most contracts are paid out in cash when they come due. Comex will default (and gold will skyrocket) if a large percentage of contract holders (longs) decide they want the gold on due date instead of the cash. Constant game of musical chairs, a game that eventually leaves some one out. >>
What's with the continued fantasy of the comex default??? It's whole premise is based on default, it defaults every day...
The gold will skyrocket based on this is more pie in the sky analysis... >>
RT.. time for you to leave the Gold Conspiracy Advocates, and gold Demigods alone
<< <i>Demand for paper and demand for physical are completely separate and should not be compared or contrasted.
Less money is being spent for both paper and physical products. Demand is not increasing.
Believe otherwise and continue to be in disbelief. >>
I'm happy that price is down on physical gold but I'm not buying a proportionally great amount. Demand in ounces has remained the same for me .
I don't think measuring demand in dollars is particularly valid for most concrete items. If I'm building a house I need so many 2x6's or feet of wire regardless of price . If I'm feeding my family the amount of hamburger depends on the mouths that need to be fed. If any concrete item goes on sale I may get more but many times I will not. It would depend a lot on whether I thought price would continue to drop .
<< <i>What's with the continued fantasy of the comex default??? It's whole premise is based on default, it defaults every day...
The gold will skyrocket based on this is more pie in the sky analysis... >>
it's simple: PM price discovery is based on COMEX market action. That market action is based on make believe PMs. No problem as long as COMEX sellers are willing to accept cash in lieu of the metal they purchased. This can continue indefinitely, and it will, until those sellers want the actual undeliverable metal they purchased with a futures contract. All charades continue until they can't.
"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
<< <i>
<< <i>What's with the continued fantasy of the comex default??? It's whole premise is based on default, it defaults every day...
The gold will skyrocket based on this is more pie in the sky analysis... >>
it's simple: PM price discovery is based on COMEX market action. That market action is based on make believe PMs. No problem as long as COMEX sellers are willing to accept cash in lieu of the metal they purchased. This can continue indefinitely, and it will, until those sellers want the actual undeliverable metal they purchased with a futures contract. All charades continue until they can't. >>
Lol, it's not a charade, it's how the system was implemented, the "charade" has crushed and will forever crush all comers of "charade" thought...
You walk out on the high wire
You're a dancer on thin ice
You pay no heed to the danger
And less to advice
Your footsteps are forbidden
But with a knowledge of your sin
You throw your love to all the strangers
And caution to the wind
And you go dancing through doorways
Just to see what you will find
Leaving nothing to interfere
With the crazy balance of your mind
And when you finally reappear
At the place where you came in
You've thrown your love to all the strangers
And caution to the wind
It takes love over gold
And mind over matter
To do what you do that you must
When the things that you hold
Can fall and be shattered
Or run through your fingers like dust
Gold isn't concrete. It is anti-fiat. And folks are less willing to trade fiat for anti-fiat. Demand has not increased for PMs.
Knowledge is the enemy of fear
<< <i> I don't think measuring demand in dollars is particularly valid for most concrete items
Gold isn't concrete. It is anti-fiat. And folks are less willing to trade fiat for anti-fiat. Demand has not increased for PMs. >>
The point is both semantic and esoteric. Ya know what's reality? $1097.20/oz
Liberty: Parent of Science & Industry
"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
<< <i> I don't think measuring demand in dollars is particularly valid for most concrete items
Gold isn't concrete. It is anti-fiat. And folks are less willing to trade fiat for anti-fiat. Demand has not increased for PMs. >>
There's no way of accurately measuring world wide demand for physical gold. And certainly the way it's currently done, is inaccurate. What you see everyday in financial market trading is the demand for paper gold via futures, options, derivatives, and ETF's. There's an unlimited supply of "key strokes" at any time...but a very finite amount of gold. Demand for physical gold could be rising while that of paper gold could be falling. And since paper gold trades at >100X the volume of that of physical, pricing can be quite skewed. The recent addition of $50 BILL in silver derivative's to Citibank's pile, is the same as hedging with 4 years of world silver production. You can't get 4 years of production from anywhere.....except paper promises. JPM outdid Citi by adding $4 TRILL worth in commodity derivatives. And people wonder why commodity prices are still falling....lol.
Smoeone on this board expected commodities to be weak way back in 2010. I think he is laughing also.
But now he might be starting to lean the other way.
Knowledge is the enemy of fear
"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
<< <i>Marc Faber claims that since he can't short central banks directly gold is the next best thing. >>
That's interesting, I though central banks were buying gold??? Lol, then he should be shorting(selling gold) to them...
<< <i>
<< <i>Marc Faber claims that since he can't short central banks directly gold is the next best thing. >>
That's interesting, I though central banks were buying gold??? Lol, then he should be shorting(selling gold) to them... >>
Not unusual for a business that knows its end is near to short themselves.
"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
<< <i>That's the great thing about stocks Roadrunner. ..they are businesses. And business adapts, it changes and stands up to challenge. And this is why stock analysts can change their tune. If you look at the chart you will see a 20% decline in AMZN after my comment.
But PMs...they can't adapt, can't change. They just sit there..doing nothing, hoping for other things to change. We are always taught to be proactive, not reactive.
I think cohodk also set up camp for the US dollar at 75, when you said it was going to 50.
I think cohodk nailed a $14 call on silver even with a specific timeframe. I think he said copper 2as going to 2 when it was 4. And to stay away from palladium. And recently said oil would barely get to 60 while others predicted 75.
He even said in march that global interest rates bottomed..I welcome you to chart rates since.
Even some of our farming members were cautioned on agricultural products.
Maybe its better to promote conspiracies since that forces one to prove s negative which is impossible.
Or maybe keep promoting the LIE that China is selling Treasuries. Even an idiot can research that Chinese holdings in May were the same as a year ago and HIGHER than 6 months earlier.
For a group of people who bemoan the feeding of information to the sheeple, some of you are first in line and back for seconds for misinformation. And never do you question it. >>
Record of calls can be corroborated by looking back at old posts; looks like you did say all that stuff
What next??
Liberty: Parent of Science & Industry
Record of calls can be corroborated by looking back at old posts; looks like you did say all that stuff
What next??
Snarky remark not immediately forthcoming. Stay tuned.
Knowledge is the enemy of fear
<< <i>people wonder why commodity prices are still falling....lol.
Smoeone on this board expected commodities to be weak way back in 2010. I think he is laughing also.
But now he might be starting to lean the other way.
Yeah we know. It was the same guy who said gold and silver (ie commodities) were all done in October 2009. Silver tripled from that level. A number of commodities doubled up. Cotton was up 10X. Meats flew too.
So is the new standard for the forum getting credit for calling turns 1-3 years early??? Anyone here get "credit" for calling the top in Disney back at $53 or $67.....yeah, I didn't think so....as it too doubled up. That was 2-3 years early. Though certainly now taking a beating as the break out gap at $94-$96 looks to be filling.
I know why commodity prices are still falling as I mentioned it back in early July when the OCC derivative's report came out. But, as usual, the fiat bugs labeled it with the C word and then laughed it off. If commodities had any hopes of turning around in mid-2015 it was quickly dashed when an additional $4 TRILL in otc derivatives showed up on JPM's commodity tab (93% of the US market). That was only a 17X increase in the size of that market over the previous 5 years. Everyday stuff, right? And not to be outdone, Citigroup added $50 BILL in otc silver derivatives (3 years of world production). The sheeple won't keep funneling their money into the stock market if commodities are going up. And the fix for that is pretty darn easy as I just showed. But, these temporary road blocks eventually give way to market turns despite the interventions.
You said silver was a great buy 10 years ago, it's still the same price today. Kudos to you!!!!
Knowledge is the enemy of fear
<< <i>You said silver was a great buy 10 years ago, it's still the same price today. Kudos to you!!!! >>
You make it sound like it stayed the same price for 10 years. Some of us saw a 300% gain.
"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
<< <i>Roadrunner, I've posted charts of the crb index in a downtrend for years, and you want to blame JPM? Hahahaha haha
You said silver was a great buy 10 years ago, it's still the same price today. Kudos to you!!!! >>
When all else fails, use revisionist fiat booger history and pick specific windows that perfectly fit the story you are trying to tell...exactly what Cohodk continually tells everyone you can't do. Hey, but when you're out of ammo, start tossing bricks from your home's foundation.....lol. Isn't this what the fiateers have been claiming the gold bugs have been doing all along? Et tu Brute? Too funny.
Silver was a great buy 10 years ago. And anyone with any common sense sold at least 1/3 to 1/2 of their purchases during the uptrend into 2011? Did you? I know I did. My net cost in remaining silver is down around $8. I'm comfortable with that. My gold purchases tended to be slabbed MS63-MS65 Saints. And those have held value quite well since the 2003-2007 era when I bought most of them. Can't even believe that Cohodk is making fun of silver for putting in a 10-12 bagger from 2001-2011. The irony is just comical. The stock market can go up 10X and give it all back, but that would be "good" and not subject to critique. The pots are out in force today looking for any kettles they can find...ha ha ha. When the stock market revisits some very deep lows, we will get to play this same game all over again.
Yes, silver was a fabulous buy in 2005. Apparently only 2 fools decided to bail out on it.....Buffet and Cohodk. It's apparent that being so wrong on metals from 2009-2012 still eats at Cohodk. And he thinks that missing most of the 2001-2011 PM rally is somehow minimized by the 4 year drop. I can't imagine a professional stock trader missing a 10 year - 10 bagger bull market and then critiquing others who benefited from it. Only here on the forum will you get such "unbiased" views. The stock market is up a measly 50% since 2000 (at least it used to be) yet from reading Cohodk's posts you'd think everyone missed a 10 bagger. Imagine if stocks had rose 10X from 2000 and someone missed that??? Methinks Cohodk should work for CNBC or Bloomberg news.
The miserables are in desperate need of company.
Knowledge is the enemy of fear
<< <i>Said the King of Revisionists.
The miserables are in desperate need of company. >>
Misery loves company.
"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
I think you're a little off with silver being the same price ten years ago. I'm looking at august 2005 chart.
Knowledge is the enemy of fear
<< <i>
<< <i>That's the great thing about stocks Roadrunner. ..they are businesses. And business adapts, it changes and stands up to challenge. And this is why stock analysts can change their tune. If you look at the chart you will see a 20% decline in AMZN after my comment.
But PMs...they can't adapt, can't change. They just sit there..doing nothing, hoping for other things to change. We are always taught to be proactive, not reactive.
I think cohodk also set up camp for the US dollar at 75, when you said it was going to 50.
I think cohodk nailed a $14 call on silver even with a specific timeframe. I think he said copper 2as going to 2 when it was 4. And to stay away from palladium. And recently said oil would barely get to 60 while others predicted 75.
>>
Record of calls can be corroborated by looking back at old posts; looks like you did say all that stuff
What next?? >>
You forgot this one from March 24.... I wouldnt be surprised to see SP-500 at 1850 by end of year
1867 today. Was about 2070 then. Where's WRM?
Knowledge is the enemy of fear
<< <i>Said the King of Revisionists.
The miserables are in desperate need of company. >>
You've finally named your title. Le Revisionniste or Les Miserables. Either one fits to a tee. Why not Les Revisionniste Miserable?
Knowledge is the enemy of fear
<< <i>
<< <i>Said the King of Revisionists.
The miserables are in desperate need of company. >>
You've finally named your title. Le Revisionniste or Les Miserables. Either one fits to a tee. Why not Les Revisionniste Miserable? >>
Still trying to project yourself on others. I love the conviction. Lol
Did you know that silver has gone up 4 fold since 1995. Dang, that's pretty good. And that stupid "i" gadget company went from 50 cents to $100.
Life was so much easier in 1979, wasn't it? Lol
Knowledge is the enemy of fear
<< <i>You must be following the wrong stocks roadrunner. Oh well, maybe if you had you could finally move into the 21st century. >>
Seemed like everything you recommended from 2002-2012 was the "wrong stock." GLD, SLV, the Bookstore, Goog, etc. Did you even get Disney right?
1979? Didn't you know we're in the 21st century?
The professional trader couldn't even figure out how to ride a 10 year - 12 bagger in silver and a 7 bagger in gold. What gives? All the stocks you say can't go any higher...always see to go higher. Can you do us all a favor and tell us which ones will be going higher so we don't buy those?
And yes, I did enjoy life much more in 1979. It was far simpler...and much easier. Being 25 is a lot more fun than being 60. But if owning every i-gadget is your quest in life....have at it. You could turn off the internet and all the i-crap tomorrow and I'd be just as happy. Hey, I wouldn't have to listen to you.
<< <i>
<< <i>You must be following the wrong stocks roadrunner. Oh well, maybe if you had you could finally move into the 21st century. >>
Seemed like everything you recommended from 2002-2012 was the "wrong stock." GLD, SLV, the bookstore, goog, etc. Did you even get Disney right? >>
I don't think I recommended any of those. But I believe I did make some positive comments about silver in august 2010. Shall I find that for you?
Or maybe I should find my warning about stocks in march 2008.
But that's boring. Let's discuss derivatives, or manipulation, or the one dumptruck Tanzanian royalty trust you spoke so highly of. Or maybe JPM or the Crimex. So much more exciting!!
Knowledge is the enemy of fear
I do know you don't own an air conditioner.
What was this thread about? Oh, yeah. Dont marry your investments, unless you plan to die with them.
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>You must be following the wrong stocks roadrunner. Oh well, maybe if you had you could finally move into the 21st century. >>
Seemed like everything you recommended from 2002-2012 was the "wrong stock." GLD, SLV, the bookstore, goog, etc. Did you even get Disney right? >>
I don't think I recommended any of those. But I believe I did make some positive comments about silver in august 2010. Shall I find that for you?
Or maybe I should find my warning about stocks in march 2008.
But that's boring. Let's discuss derivatives, or manipulation, or the one dumptruck Tanzanian royalty trust you spoke so highly of. Or maybe JPM or the Crimex. So much more exciting!! >>
Of course you didn't recommend any of those stocks. That's the point. The went up, and went up big. Sure take credit for silver in August 2010, that coming after you said gold (and silver) were cooked in fall of 2009. A blind man could see gold and silver accelerating out of August 2010. Did you buy any silver?
You warned us about stocks in March 2008.....5 months AFTER the Oct 2007 peak. Well thanks for that heads up. A blind man could see that stocks were headed for the basement in 2008....on the heels of those pesky and "irrelevant" derivatives you speak so highly of.....lol.
Tanzanian Royalty Trust? Find a post on the forum where I recommended TRX. Then again, even empty holes with a single dump truck can rally hard....we learned that lesson during the Dotcom bubble. We're learning it again during the i-gadget and social media bubble. Even TRX was a 12 bagger in 2005/2006. But apparently you don't like 12 baggers. You'd rather discuss how the stock market is up 50% since 2000. Great return. Crappy gold is only up 350% in that time....silver up 270%. So explain to me how 50% is better than 350%.
I personally wouldn't put a penny into TRX. But, these things have a way of making "experts" look silly. TRX share price is higher than many gold miners with significant P&P/M&I reserves, some of them producers. You just might have to eat those TRX words someday. I doubt Sinclair is keeping the price of TRX elevated by himself.....but who knows, stranger things have happened. If TRX eventually starts to mine gold and turns a profit.....you can bet I'll be serving it up to you.
Well, I sold silver to lots of forum members in 2011, so I must have owned some.
I apologize for being 5 months late....imagine if I was perfect
DI'd you sell stocks on 2008, anybody coukd see they were going lower, right?
Question for you....what would you rather have 0 or -70? Or +350 or +2000?
Knowledge is the enemy of fear
<< <i>POO >>
Practice practice practice. ...
Knowledge is the enemy of fear
POO
MOO
Inflation is the name of the game. Then a bubble bursts and things (stuff : assets, company value, dollar, gas, oil, clothing, health care, etc) goes up in cost but down in value/worth.
One day it will all be worth less and people will still be clamoring for love.
Now, let's kiss and make up , you guys.
It's Two for Two's Day.
Forbes' top analysts
A study of analyst recommendations at the major brokerages shows that Tanzanian Royalty Exploration Corp (AMEX: TRX) is the #1 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector. The companies listed in the Metals Channel Global Mining Titans Index are not fixed, but instead variable — updating on a continuous basis to reflect the changing market environment with respect to commodity prices, government policy and market volatility.
<< <i>Just because cows have an utter, doesn't mean they utter anything worthwhile.
POO
MOO >>
I can see this isn't going to be easy. The first letter is B.
Lol
Knowledge is the enemy of fear
RR forecast a slide in the GSR about 2 weeks ago when it was about 73.
It is now about 78.
Oh well.
<< <i>IIRC,
RR forecast a slide in the GSR about 2 weeks ago when it was about 73.
It is now about 78.
Oh well.
Streeter, you are quite mistaken, and maybe even a liar looking to bag someone during a time when Team Fiat is taking quite the pounding. But read on so I can prove at least one of my contentions.
First, show me where I said that 2 weeks ago (10 trading days). 2-3 weeks ago GSR was finishing up it's drop. On the trading blog I attend daily, I've been saying since the end of July that GSR met conditions for bottoming. By August 12th it was quite extreme with 4 stoch-rsi heads, 4-5 days below or near the lower Boll Band and oscillators bottomed out. And on top of that GSR was 5 weeks into a decline. It typically bottoms after 1-4 weeks, and almost never past 6 weeks. What I probably did say a number of weeks ago while GSR was still descending that it had some gaps at 72 and 70 it might address. And it did that....and found support at the 72 gap. I know for sure that 8-10 days ago GSR had a near perfect bottoming bottom. On the blog, I stated that 9 trading days ago that the GSR bottom was essentially imminent. It took off higher the next day. You should come over to this trading blog...you might learn something other than how to misquote people. Another revisionist member from Club Cohodk. There's always room for more members though. Sign up today.
The GSR chart I typically use
Here's my exact post from the trading blog I attend. I was warning the other members that a whipsaw reversal was brewing. This is 8/12 at 8:27 am EST....9 trading days ago. I was fearful of the GSR pattern at this point. Streeter.....you're busted brother. Just shtick to calling bottoms which you are much better at.....lol. I'd be more than happy to have an impartial/circle of trust forum member like MJ, Jmski52, etc. to check out this blog to verify my statement. I'll give them my password. They can report back here. I usually start watching GSR for a turn after the 3rd stoch-rsi head forms. This one lingered on for a while and made a rare 4th head.
This is 8/12/2015 at 8:27 am EST:
GSR with 4 distinct stoch-rsi heads. Everything is bottomed out in oscillators....text book action. And this decline at 5 weeks is way long for GSR where 1-4 week declines are the norm. Measured move into the 72 gap is pretty much complete. Note the 2 day Bollinger Band break through. The last 3 major dips had those last 4-5 days before coming back in and rebounding. So that supports the notion of 2-3 days left of this move....a new moon window GSR low. It still may try to overshoot and reach the deeper gap at 70ish. The dollar is about 2 weeks away from an expected daily cycle bottom. If GSR continues to move with it as it has for a year or more, then maybe this rally in PMs can continue until the 2nd OpEx.
There's a 10 week expanded wedge in play on the chart plus a much longer one. But, I'll let Streeter decipher what it all means.
<< <i>IIRC,
RR forecast a slide in the GSR about 2 weeks ago when it was about 73.
It is now about 78.
Oh well.
Look at the chart. There's not even a spot at 73 where those conditions were in effect 2 weeks ago....it was a gap down right through 73. And even if it was at 73....it was still dropping down to 72. And the next time at 73 it was rallying. Case closed. Have you ever looked at a GSR chart before? Do you know what GSR means? And no, it doesn't mean "Get Stinkin' Roadrunner." Though, that's exactly what you tried to do. Try again. Next time drop the anvil, you'll run faster......
Chart
You guys are failing big time the past few days. I think it's time you brought in some reinforcements. Is it the impending Full Moon or just the stock market crashing that's bringing out this temporary insanity in several fiateers?
----
Fiatbooger analytics at its finest. Even did Streeter's own leg work for him...lol. At this point, I wouldn't trust them to do it alone....who knows what revisionism they come up with next.