Gold......safe or sorry?

[wattie]

"Manipulated, off the scale bad....cos when u print money by the trillions and falsify stats and artificially keep interest rates at all time lows, you become part of the problem Mr Bernanke!!!"

Today, Dallas Fed head Richard Fisher-

"we cannot live in fear that gee whiz the market is going to be unhappy that we are not giving them more monetary cocaine,"

Nuff said, let the rout begin,

Cheers Wattie

[wattie]

[quote="Stew Bartley"]
"The information in this report is taken from sources believed to be reliable; however, the Commodity Exchange, Inc. disclaims all liability whatsoever with regard to its accuracy or completeness.

That's not an admission that they know different then....or even think that figures may not be anywhere near accurate.

Should have just said :- "we could tell you the figures but we don't have a chart big enough - unless we draw it up and pin it to the moon - then we could analyse it using The Hubble telescope" 

Even then things wont be any clearer.

Should just shrug shoulders and say - who knows, or make up a really big number with a minus before it and your somewhere close

Just when will the poo hit the fan? And will anyone be held responsible....probably not

Stew
[/quote]

http://www.zerohedge.com/news/2013-06-11/jpm-vault-gold-drops-284-overnight-slides-fresh-record-low-withdrawals-accelerate

Not too long now before the

Cheers wattie

[meladdo]

[quote="wattie"]
[quote="Stew Bartley"]
"The information in this report is taken from sources believed to be reliable; however, the Commodity Exchange, Inc. disclaims all liability whatsoever with regard to its accuracy or completeness.

That's not an admission that they know different then....or even think that figures may not be anywhere near accurate.

Should have just said :- "we could tell you the figures but we don't have a chart big enough - unless we draw it up and pin it to the moon - then we could analyse it using The Hubble telescope" 

Even then things wont be any clearer.

Should just shrug shoulders and say - who knows, or make up a really big number with a minus before it and your somewhere close

Just when will the poo hit the fan? And will anyone be held responsible....probably not

Stew
[/quote]

http://www.zerohedge.com/news/2013-06-11/jpm-vault-gold-drops-284-overnight-slides-fresh-record-low-withdrawals-accelerate

Not too long now before the

Cheers wattie
[/quote]


All sounds very bad - but what can we do to prevent our money from disappearing into the black hole....
Some solid advise would be good...

After a chat with an IFA they are peddling the same old same old and I am not convinced - I still think bricks and Mortar is the way to go...

[wattie]

Think you're right to be doubtful.....

Bricks and mortar is a hard asset....I'd borrow someone else's money to buy tho.....as mentioned previously.

Buy some PHYSICAL metals...if you don't already have any...diversification is good..do as central banks (banks) do, not as they say.

http://bullmarketthinking.com/us-bank-long-positions-in-gold-explode-at-highest-rate-on-record-short-positions-collapse/

Watch and wait.

Cheers wattie

[wattie]

[quote="wattie"]
[quote="wattie"]
Politicians said that the deposit levy for Cyprus would be a one off.

Really.....why do this in Spain then......??

http://www.zerohedge.com/news/2013-03-19/spain-preparing-its-own-deposit-levy

Cheers Wattie
[/quote]
One off...my arse....

Deisel- boom lit the touch paper.......took him less than a week to cock up.

http://www.telegraph.co.uk/finance/financialcrisis/9952979/Cyprus-bail-out-savers-will-be-raided-to-save-euro-in-future-crises-says-eurozone-chief.html

Depositors beware.

Cheers


Wattie


Cyprus "bail in template" hits the uk.......the Co-op!!!

http://www.zerohedge.com/news/2013-06-17/european-bail-ins-will-continue-until-morale-improves

Japan at it too.....soon!

http://www.zerohedge.com/news/2013-06-11/land-rising-bail-deposit-confiscation-coming-japan-next

How long before the  realization that deposits (or their mutual equivalent) are nothing more than loans to highly levered institutions will begin to dawn on a European (or in fact global) depositor base???


Cheers Wattie

[wattie]

Wow, what a week!


European stocks down  5 weeks in a row...worst in 13 months!

http://www.zerohedge.com/news/2013-06-21/european-stocks-plunge-worst-week-13-months

Us treasury's worst since 2008!

http://www.zerohedge.com/news/2013-06-21/10y-treauries-hit-250-highest-debt-ceiling-crisis

fact, on the mere hint that the Fed may reduce (not even stop!) printing billions out of thin air, the worlds greatest reacted

http://www.zerohedge.com/news/2013-06-21/treasuries-worst-week-50-years-stocks-worst-week-2013

50 f******years!!!! Us is losing control of interest rates.

Not only that, the worlds greatest, the fed, couldn't even make up a story!

http://www.zerohedge.com/news/2013-06-21/fed-misses-investigation-deadline-inadvertent-release-march-minutes

Oh and Japan, Down worst in 43 months!!,

With all this happening  AND THIS EXCLUDES THE EUROPEAN  FIASCO it makes complete sense that Gold ( historically a safety net) is now down at 2010 levels (paper gold that is, physical I would suggest is a lot higher)

http://www.zerohedge.com/news/2013-06-21/guest-post-what-lies-ahead-gold

Incredible, unless you're incredibly stupid AND BELIEVE MAINSTREAM MEDIA THAT ALL IS WELL.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/21_Maguire_-_World_Just_Witnessed_Massive_Shift_In_Physical_Gold.html

Great time to buy some if you haven't already...



Cheers Watt

[wattie]

http://www.zerohedge.com/news/2013-07-06/jp-morgan-vault-gold-drops-new-record-low-brinks-gold-plunges-24-one-day?page=2

It keeps disappearing........

http://www.telegraph.co.uk/finance/personalfinance/comment/10163015/The-smart-money-is-quietly-buying-more-gold.html


cheers Wattie
ps Sterling dropped below $1.50 last week and is expected to lose another 10% plus of it's value over the next few months....................

[wattie]

Unusual........

http://www.zerohedge.com/news/2013-07-08/historic-inversion-gold-gofo-rates-turn-negative-first-time-lehman?page=3

Cheers Wattie

[wattie]

[quote="wattie"]
Unusual........

http://www.zerohedge.com/news/2013-07-08/historic-inversion-gold-gofo-rates-turn-negative-first-time-lehman?page=3

Cheers Wattie
[/quote]

http://www.zerohedge.com/news/2013-07-10/gold-borrowing-costs-hit-post-lehman-high-hong-kong-jewellers-and-banks-face-supply-

No Physical supply.....loadsa demand..........!!!!

Cheers Wattie

[wattie]

Worth a read if you're interested.


http://www.zerohedge.com/news/2013-07-16/things-make-you-go-hmmm-gold

http://www.zerohedge.com/news/2013-07-16/gold-tale-two-markets


Uk inflation

The government's preferred measure, the Consumer Price Index, rose 2.9% last month from June 2012. That was below analysts forecasts of 3.0% ( like they ever get anything right!!!!) but up from 2.7% in May. Interest rates in contrast have been stuck at 0.5%. So savers have continued paying for the excesses of the credit bubble, subsidizing both the banking sector and government by literally losing money in cash.

This coming September will mark only five years since inflation overtook interest rates on the CPI measure, delivering a net loss to cash savers every month since.

The upshot for UK savers?

Every £1,000 held at Bank Rate since the financial crash a half-decade ago is now worth £903 in real terms. At least it's, umm, safe. 

That same £1,000 in gold on the other hand – vaulted securely or stuffed into your sock drawer as you fancy – would now hold £1,494 of purchasing power. Of course, that gain is sharply down from the peak of summer 2011. Your £1,000 in gold was then worth a massive £2,223 at the end of August, up by 122% inside three years in real terms.

Rumours are that having assassinated the price, the Bullion banks are net long.....again

Cheers Wattie

Latest, manipulation
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10183837/Bankers-tried-to-manipulate-QE-says-BoEs-Paul-Fisher.html

[wattie]

If you ain't got some, you'd better get some.......

http://www.zerohedge.com/news/2013-07-19/jpm-eligible-gold-plummets-66-one-day-total-gold-fresh-all-time-low

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/07/JPM%20Eligible%20Gold%207.19.jpg

Those who believe there is a connection between the ongoing run on JPM's vault gold, the suppressed price of the metal, the redemption of Bundesbank gold, and the fact that 3M GOFO has now been negative for 10 straight days or the longest period in history it has been below zero, and indicating an unprecedented gold collateral shortage.........you are correct.

Cheers Wattie

[wattie]

[quote="wattie"]
If you ain't got some, you'd better get some.......

http://www.zerohedge.com/news/2013-07-19/jpm-eligible-gold-plummets-66-one-day-total-gold-fresh-all-time-low

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/07/JPM%20Eligible%20Gold%207.19.jpg

Those who believe there is a connection between the ongoing run on JPM's vault gold, the suppressed price of the metal, the redemption of Bundesbank gold, and the fact that 3M GOFO has now been negative for 10 straight days or the longest period in history it has been below zero, and indicating an unprecedented gold collateral shortage.........you are correct.

Cheers Wattie
[/quote]

http://www.zerohedge.com/news/2013-07-21/gold-breaks-above-1300-shorts-cover-most-4-months

Shorts are getting squeezed......probably naked most of em given there's a shortage of physical.....this could get very interesting.

Cheers Wattie

[wattie]

Goldman manipulating again.......no shock there then!

http://www.ibtimes.co.uk/articles/493839/20130723/aluminium-storage-goldman-sachs-glencore-xstrata-ctfc.htm

cheers Wattie

[wattie]

[quote="wattie"]
If you ain't got some, you'd better get some.......

http://www.zerohedge.com/news/2013-07-19/jpm-eligible-gold-plummets-66-one-day-total-gold-fresh-all-time-low

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/07/JPM%20Eligible%20Gold%207.19.jpg

Those who believe there is a connection between the ongoing run on JPM's vault gold, the suppressed price of the metal, the redemption of Bundesbank gold, and the fact that 3M GOFO has now been negative for 10 straight days or the longest period in history it has been below zero, and indicating an unprecedented gold collateral shortage.........you are correct.

Cheers Wattie
[/quote]

Gofo now negative over 20 days!!!
panic on at JPM
http://www.zerohedge.com/news/2013-08-08/hello-scotia-mocatta-jpmorgan-we-urgently-need-some-your-gold

cheers wattie

[wattie]

http://www.zerohedge.com/news/2013-08-12/gold-shorts-cover-fastest-pace-13-years

cheers Wattie