Hi Mike, Message 16898478
<<as AC Flyer is probably not willing to>>
Chugs, Jay
P.S. Travelling to Hangzhou and then Jiaxing today until Friday. Sold off another power plant, and now for the final Board meeting ad parting of ways party. The buyer and seller are both happy. The entirety of the company's bonus will be used to purchase physical monetary gold. The money is otherwise not needed and not earning anything. Gold going to USD 250 now would be perfectly acceptable, and in fact desired. USD 150/Oz would cause me to hold a neighborhood walk-in party.
<<The sale price was $296.50, off 10 cents from the London morning fixing, though the highest of any of the BoE's 17 gold sales. The auction was over-subscribed by 3.7 times compared with 1.4 times at the prior auction in January>>
To point out the intuitively obvious, polite disinterest at 3.7 oversubscription and highest price of 17 previous sales is a trend worth noting, just as a horribly disinterested response at 0.7 under-subscription at the lowest price of 17 previous sales would be equally note worthy.
Another obvious point to the casual, disinterested and unwilling observer is that the Germans want to sell because they have to. Just as the Thais, Koreans, Argentines, Turks, Indonesians, ... had to before.
Gold proves to be both money and wealth store, once more and yet again, useable to buy paper currency and balance budget with.
Big Al had also mentioned within the past 24 months that the FED stands ready to sell gold. Thus the Germans having to do so now points to the FED eventually having to as well. Very bullish, no?! |
