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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.35+0.7%Nov 18 4:00 PM EST

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To: carranza2 who wrote (41081)10/11/2008 1:01:10 AM
From: TobagoJack  Read Replies (1) of 217865
 
just in in-tray

Dear all,

please see the attached charts which are :

GIP14 : intraday GOLD chart for the past 14days

GIP_zoom2409 : intraday chart of GOLD for 24/09/08

GIP_zoom2509 : intraday chart of GOLD for 25/09/08

GIP_zoom1010 : intraday chart of GOLD for 10/10/08

GOFO_101008 : GOLD lease rates 1month from 1998

on 24 & 25 Sept when GOLD sold off substantially intra-day, every comment/reason for it was that it was de-leveraging by hedge funds blah blah... WRONG : SNB sold 113 tons on those 2 days !

also please notice that everytime sell-off happens only after closure of LBMA which is 10pm HKT....this is not once, but it happens with consistent frequency and the only time it does not happen after 10pm HKT is when it happens after 11pm HKT which is winter time/clock change !!!

look at intraday chart of yesterday 10 October... same
pattern co-incidentally, the day before October 9, there was an increase of some 11k or 12k contracts in open interest on comex....so to me hedge fund deleverging story looks rather incredulous....a de-leveraging if it was happens throughout market time and does not begin every single day at a particular time!!

the lease rates chart (weekly) from 1998 would be of interest to all..

yesterday GLD added 5tons... Swiss p.b. are executing orders for clients for sizes of 500kg each...I need not delve further into the fact of how great physical demand it.....I had pointed this out on this chat 2months back when Gold was being hit everyday but physical orders were surging..

as you mentioned yesterday Bill, very strange..... indeed very very very strange .......the math does not add up....this is definitely more than wierd pressure on GOLD !

comments most welcome

rgds
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