N.Y. Markets overwhelemed by physical demand for metals

[Large Sarge]

http://www.mineweb.com/mineweb/content/en//mineweb-fast-news?oid=191935&sn=Detail

[Spectrism]

http://www.mineweb.com/mineweb/content/en//mineweb-fast-news?oid=191935&sn=Detail

There you go again. Blind link. So I go to the link. What is the message? I sure get nothing out of it. What was so important about that message that you had to post a new thread with a blind link.... again?

[Large Sarge]

Gold & Silver – Physical demand reached the point last week where it was overwhelming the New York markets slowly but surely. In summary, the gold market is seeing sales from the SPDR gold ETF which have persisted for nearly three months now. The total held in the SPDR fund is expected to fall below 1,000 tonnes this week if the sales continue as before. We do believe there is a core of holders keeping their gold for the very long term, such as Paulson’s funds. What proportion of the fund these comprise is not certain, but we must be getting close to the point where the selling stops. When it does the robust demand, particularly from China, will quickly absorb all available gold. The timing of that event is impossible to say.

But what is becoming more visible is the lack of certainty of equity markets the world over. In 2007 when global financial markets nearly collapsed, confidence fell like a stone, but was restored by the hopes that QE infused into the markets preventing them from collapsing. Since then, aided by a persistently positive media, we have all been waiting for the developed world economies to recover to former levels. But here we are six years on and still struggling to be convinced that the recovery has gained traction. More to the point in markets where QE has been a feature, rising volatility is becoming a feature. This confirms that confidence is falling and the fears that deflation is closer than makes us comfortable. The falls we are seeing in Tokyo are symptomatic of this. Unless really convincing evidence comes soon, we can be sure that the fall in confidence will spread outwards from Japan.

Meanwhile gold has started the week with a positive tone as it sees record short positions in the U.S. and on COMEX. The big question is, “At what price will cover their short positions?”

[EE_]

http://www.youtube.com/watch?v=wVxZUlzWa7o&feature=player_embedded

[madfranks]

Honestly, the disparity between physical metal and the paper spot price is so unreal. I know they can't keep the game going forever, but they're keeping it going longer than I thought they could.

[EE_]

Honestly, the disparity between physical metal and the paper spot price is so unreal. I know they can't keep the game going forever, but they're keeping it going longer than I thought they could.

You're really going to be amazed how long they can keep the stock market rising.
You can't find a soul <--(oxymoron, the Jews don't have souls) on Wall Street, that thinks the market is not going higher.

[gunDriller]

You're really going to be amazed how long they can keep the stock market rising.
You can't find a soul <--(oxymoron, the Jews don't have souls) on Wall Street, that thinks the market is not going higher.

i don't understand how half-rational people can not see the opportunity - to sell their stocks and to buy Silver (and a little Gold) at bargain prices.

except for one little thing called Capital Gains taxes. hard to avoid on a stock sale.

[Ponce]

To me this is like going to the stadium to watch a beisball game..........you will have innings, stolen bases, outs and so on,
ball that I care about is the end of the 9th inning for the final score........I feel confident and relax because I know the final score = Ponce "Silver Island".....Obama = out on the street.......and a lot more that I won't say.

First stupid post of the day............good morning to one and all.

V

[Twisted Titan]

i don't understand how half-rational people can not see the opportunity - to sell their stocks and to buy Silver (and a little Gold) at bargain prices.

except for one little thing called Capital Gains taxes. hard to avoid on a stock sale.



Over 99% of folks believe the garbage that is spewed on dumbo vision.

Im.not talking about your average joe.

Im talking about highly intelegent people that can do independant research.

The power of delusions is stronger then any of us was able to calculate

[Spectrism]

Intelligent people.... LOL. I occasionally test people I know to see how aware they are. It is amazing that MOST are oblivious to what is going on. They won't believe things until CNN tells them. This is the stranglehold on the sheople that the media have.


Re- OP... I see no numbers to validate the "enormous gold demand" and the inability to supply it. Intuitively, that is what I think, that the supply will be stripped out. But is anyone publishing actual numbers? Is anyone reporting how much cash pay-outs are covering gold (silver) contracts?

[Spectrism]

When I look at the stock market, I see a rise based on two things: devalued dollar and money being pumped into the paper market. The second causes the first, so let's ignore the first for now.

Money that previously was going into the bond market is being cut short by the fed buying the Treasury bonds. That money will seek some other paper asset that can produce a short term capital gain. Stocks. This printing of money would be felt by the general populace quickly if it was being flooded into the marketplace/ i.e. the main street marketplace. But, this is not happening directly. Its indirect effect is slow. It is not enough to push all prices up rapidly, but they are going up.

So how are metals going down? Surely there is a paper manipulation happening. Metals are a long play. Players today are looking for the quick moves. The get rich quick mentallity is viciously prevalent. Fast moves require paper/ digital trades. Milliseconds are too slow for the big boys and minute trades are typical of the small day traders. AS stocks are pumped, some of that money overflows and reaches the street.

But who is making the money in stocks? I would love to see a graphic on this, but I suspect the largest gainers (on paper) are banks and retirement funds. Not real bullish for physical metals.

[JohnQPublic]

When I look at the stock market, I see a rise based on two things: devalued dollar and money being pumped into the paper market...

Remember Zimbabwe. Hottest tock market in the world (as their currency went exponential).

[Silver Rocket Bitches!]

To me this is like going to the stadium to watch a beisball game..........you will have innings, stolen bases, outs and so on,
ball that I care about is the end of the 9th inning for the final score........I feel confident and relax because I know the final score = Ponce "Silver Island".....Obama = out on the street.......and a lot more that I won't say.

First stupid post of the day............good morning to one and all.

V

I like your baseball analogy but in this case, it's more like a rigged baseball game.


4946

[Blink]

except for one little thing called Capital Gains taxes. hard to avoid on a stock sale.


Gold and silver are a hedge against declining currencies (value), so, the "gains" you make on them is really just an adjustment for inflation that preserves your wealth. If the government charges you tax on appreciation due to inflation, how is that considered a "gain". Tax the "profits" (inflation adjustment) and you still end up losing out to said inflation. Am I wrong in this assumption? Sounds all f*cked up to me..........

[Serpo]

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/5/28_This_Is_Stunning,_I_Havent_Seen_Anything_Like_T his_In_50_Years.html



Its a stampede...........
http://2.bp.blogspot.com/-pHneOZTuq9Y/Ti9ySgiKtBI/AAAAAAAAI8o/LgNkY7ZD6dE/s400/StampedeMentality.jpg (http://www.google.com.au/url?sa=i&source=images&cd=&docid=u7aNjJSKLOePVM&tbnid=HOoCexXsSPRCiM:&ved=&url=http%3A%2F%2Fsipseystreetirregulars.blogspot.c om%2F2011%2F07%2Ffibbies-start-to-play-leak-game-lat-fbi.html&ei=hS-lUfSHBMmviQfvmYGABA&psig=AFQjCNE4WdFxqnmuYc51i7I6XisIi4Ww2g&ust=1369866501110309)http://suckmytrend.com/wp-content/uploads/2012/12/duck_stampede.jpg (http://www.google.com.au/url?sa=i&source=images&cd=&docid=YXUde5y9Y5CCIM&tbnid=PZMnB_1x1Rsz_M:&ved=&url=http%3A%2F%2Fsuckmytrend.com%2F353%2Fits-a-stampede-of-ducks%2F&ei=7y-lUZiyAoWXiAf0xoCABQ&psig=AFQjCNF0PO1xwAAgYgdEZKo66PUauupswA&ust=1369866607080200)

[Sparky]

Checking out the online retailers, the availability shortage and premium premium prices for silver has not yet matched what was seen in 2008.