gunDriller
9th May 2012, 03:24 AM
Just reading about a 37 year old Greek dude who's supposedly behind the current "Risk Off" crash.
Side note - paper Gold is trading along with paper Silver as a risk asset the last 2 days. gold down 3%, silver down 3% - Gold Silver Ratio not changing much at all.
So, if you were behaving selfishly and could get them to say, "Fvck Austerity, we will leave the EU if necessary", that is Dollar Positive.
For example, "The man behind much of Tuesday’s market selloff is a 37-year-old Greek named Alexi Tsipras, the leader of the Coalition for the Radical Left.
When handed the right to try and form a coalition government in Greece, he told the world that the Greek bailout agreement is “null and void” and should be abandoned."
http://www.cnbc.com/id/47342551
If you wanted to Manipulate Currencies, you would buy the US $ and sell paper Gold and Silver.
Then you would buy Physical Gold & Silver.
Then, in 3 to 6 months, you might whisper in the ear of some other world leader, "PRINT ! PRINT ! PRINT !" And don't just print. "TALK about the printing ! Give it a name - "QE3", "LTRO 1.5", whatever.
Then your Physical Gold & Silver would reflect the increasing worthlessness of the fiat (i.e. rise in fiat-denominated price) - and your financial position would improve relative to the general market.
In any case, it looks like the market manipulators are back to their favorite hobby.
Gold $1580, Silver $28.80. Paper Gold breached the floor at $1610 that China, Russia, Mexico, etc. have been buying at for the last 4 months.
Because investment demand (3000+ tons a year) has now exceeded production (2400- tons a year) for gold, while China is keeping their gold & silver production for themselves, TPTB will have to raid another country's treasury to keep this game going for more than 3 to 6 months.
Spain has 300 tons, maybe they'll be chosen.
Portugal has 200+ tons. Maybe they'll receive Designated Terrorist status.
Italy has over 2000+ tons, but I think we've concluded that it is re-hypothecated & stored in New York City, so it can't be used to stop a default in the delivery of physical gold & silver.
Meanwhile, over in the mining world, these are the headlines -
http://www.miningfeeds.com/
"Balmoral Reports 71% Increase in Vertical Extent of High Grade Martiniere West Gold Zone
May 2, 2012 | Posted by: MiningFeeds.com
NEWS RELEASE.
May 2, 2012: Vancouver, BC - Balmoral Resources Ltd. (Stock Profile - TSXV:BAR) reported results from the first 6 holes of its winter 2012 expansion drill program targeting the high-grade Martiniere West Gold Zone on its Detour Gold Trend Project in Central Quebec. The reported intercepts extend the Martiniere West Gold Zone to a vertical depth of 218 metres, a 45% increase in the vertical dimension of the Zone. Visible gold mineralization has also been observed in association with the projected extension of the West Main Zone in hole MDW-12- 57a, the deepest hole of the current drill program, extending the Zone to a vertical depth of 255 metres - a 71% increase. Results from MDW-12-57a and 7 additional holes testing the West Zone remain pending.
Hole MDW-12-50a, the deepest hole reported, intersected the West Main Zone over a downhole interval of 8.24 metres, averaging 4.15 g/t gold over this interval."
Drill results in the news for current silver exploration has been 2 ounces per ton.
4 grams per ton for Gold and 60 grams per ton for Silver - that's NOTHING. [/b] Only in a depleted world where all the low-hanging mining fruit has been picked would these numbers EVER be allowed into a press release for a mining company. In the 20th Century, miners with these numbers would have shut down.
No wonder the mining stocks are depressed. Their yields suck !
In other words, physical PM production will not "come to the rescue" - i.e., it will not assist in bridging the gap between increasing investment demand, much of it from central banks.
That means a Breakdown or a Shake-down is IMMINENT. or Both. I think Both.
Break-down in the short term will mean more MF Global style hidden defaults - defaults the general public needn't know about. Shake-down will mean Spain or Portugal being offered a chance to escape from their fiscal problems (the Fed will buy up Spanish real estate ?) - in exchange for real assets - Gold, water resources, mineral resources, and more real estate.
I say BUY @ $1580 & $28.80 ! :)
Side note - paper Gold is trading along with paper Silver as a risk asset the last 2 days. gold down 3%, silver down 3% - Gold Silver Ratio not changing much at all.
So, if you were behaving selfishly and could get them to say, "Fvck Austerity, we will leave the EU if necessary", that is Dollar Positive.
For example, "The man behind much of Tuesday’s market selloff is a 37-year-old Greek named Alexi Tsipras, the leader of the Coalition for the Radical Left.
When handed the right to try and form a coalition government in Greece, he told the world that the Greek bailout agreement is “null and void” and should be abandoned."
http://www.cnbc.com/id/47342551
If you wanted to Manipulate Currencies, you would buy the US $ and sell paper Gold and Silver.
Then you would buy Physical Gold & Silver.
Then, in 3 to 6 months, you might whisper in the ear of some other world leader, "PRINT ! PRINT ! PRINT !" And don't just print. "TALK about the printing ! Give it a name - "QE3", "LTRO 1.5", whatever.
Then your Physical Gold & Silver would reflect the increasing worthlessness of the fiat (i.e. rise in fiat-denominated price) - and your financial position would improve relative to the general market.
In any case, it looks like the market manipulators are back to their favorite hobby.
Gold $1580, Silver $28.80. Paper Gold breached the floor at $1610 that China, Russia, Mexico, etc. have been buying at for the last 4 months.
Because investment demand (3000+ tons a year) has now exceeded production (2400- tons a year) for gold, while China is keeping their gold & silver production for themselves, TPTB will have to raid another country's treasury to keep this game going for more than 3 to 6 months.
Spain has 300 tons, maybe they'll be chosen.
Portugal has 200+ tons. Maybe they'll receive Designated Terrorist status.
Italy has over 2000+ tons, but I think we've concluded that it is re-hypothecated & stored in New York City, so it can't be used to stop a default in the delivery of physical gold & silver.
Meanwhile, over in the mining world, these are the headlines -
http://www.miningfeeds.com/
"Balmoral Reports 71% Increase in Vertical Extent of High Grade Martiniere West Gold Zone
May 2, 2012 | Posted by: MiningFeeds.com
NEWS RELEASE.
May 2, 2012: Vancouver, BC - Balmoral Resources Ltd. (Stock Profile - TSXV:BAR) reported results from the first 6 holes of its winter 2012 expansion drill program targeting the high-grade Martiniere West Gold Zone on its Detour Gold Trend Project in Central Quebec. The reported intercepts extend the Martiniere West Gold Zone to a vertical depth of 218 metres, a 45% increase in the vertical dimension of the Zone. Visible gold mineralization has also been observed in association with the projected extension of the West Main Zone in hole MDW-12- 57a, the deepest hole of the current drill program, extending the Zone to a vertical depth of 255 metres - a 71% increase. Results from MDW-12-57a and 7 additional holes testing the West Zone remain pending.
Hole MDW-12-50a, the deepest hole reported, intersected the West Main Zone over a downhole interval of 8.24 metres, averaging 4.15 g/t gold over this interval."
Drill results in the news for current silver exploration has been 2 ounces per ton.
4 grams per ton for Gold and 60 grams per ton for Silver - that's NOTHING. [/b] Only in a depleted world where all the low-hanging mining fruit has been picked would these numbers EVER be allowed into a press release for a mining company. In the 20th Century, miners with these numbers would have shut down.
No wonder the mining stocks are depressed. Their yields suck !
In other words, physical PM production will not "come to the rescue" - i.e., it will not assist in bridging the gap between increasing investment demand, much of it from central banks.
That means a Breakdown or a Shake-down is IMMINENT. or Both. I think Both.
Break-down in the short term will mean more MF Global style hidden defaults - defaults the general public needn't know about. Shake-down will mean Spain or Portugal being offered a chance to escape from their fiscal problems (the Fed will buy up Spanish real estate ?) - in exchange for real assets - Gold, water resources, mineral resources, and more real estate.
I say BUY @ $1580 & $28.80 ! :)