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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Siddhartha Gautama who wrote (98304)10/5/2008 1:32:55 PM
From: RJA_6 Recommendations  Read Replies (1) of 110194
 
There is a change in what Tulving is offering --

He is now offering COMEX deliverable kilo gold bars (32.15oz) at 19.95/oz over spot.

Also 1000 oz Comex deliverable silver bars at 0.49 per oz over spot.

What this means to me:

Someone is doing arbitrage between the physical market and the Comex.

Someone is taking delivery.

If Tulving and others are successful in these sales and If this happens in large enough quantity it will put an end to the manipulation of the gold and silver prices... because taking delivery will reduce Comex inventory and in the event of lack of physical in Comex delivery will either eliminate or greatly reduce the effect of the futures manipulated price on POG or show the Comex price to be a sham -- unbacked by physical.

This could be a very important event.

Of course, physical gold could still be sold in to markets... but CB's lately might be a little reluctant to do that.
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