2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

Nov 14 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: energyplay who wrote (41023)	10/10/2008 5:11:19 PM
From: TobagoJack	Read Replies (1) of 217772

<<I just saw a line on Bloomberg TV - "Londoners queque on sidewalk to buy gold.">> recommendation: taake the gift, buygold just in in-tray Player #1: (on gold) Seems to me HFs are still deleveraging putting gold under weird pressure.Physical demand at records but futures being sold.Very strange. Player #2: GS traded down to 74 today,now just over 80.Wow.Guess Buffett should have waited. mkt is leaving the futures imo. this tlak of closing mkts doesn't help either. see article minyanville.com Player #3: The drop in open interest tells me that hedge funds are closing long gold positions, yet physical demand continues unabated. Once the hedge funds are finished, I suspect gold begins to move up once again. You'll then see unleveraged demand for gold rather than the leveraged futures punts from hedge funds.... Player #2: most hedge funds using leverage in gold have were blown out from july to august... this we're seeing now is diffferent. guys don't trust that comex is going to be able to come up with gold at the end of the day and they'll be stuck with cash. so they r going to the physical.. hence physical is so hard to buy now Player #3: Also note the huge move in Gold Leasing rates that Chakri pointed out earlier this week. Apparently the Central Banks are no longer lending out their gold. THEY don't trust the banks with their gold either..... So much for confidence in the banking system!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next