just out from send tray
From: J
Sent: Thu, July 7, 2011 12:40:45 PM
Subject: Re: Comments - Week of July 4 - silver
for adrenalin this day and thrills going forward, have massively bought 1/3 of eventual paper silver position via bank of china system, to lubricate the new china silver n gold exchange in alignment with ruling party policy, and front run the chinese masses, washed and otherwise, all eventually wishing to engage with monetary freedom and escape paper inferno.
the fact that pboc [edit: peoples bank of china] is raising rate is irrelevant. the truth that interest rate is negative and expectation on real estate capital gain is zero on the mainland are cogent points
the remaining 2/3 wager would be implemented between now and x-day, either in new york via slv and/or in london via whatever still to be identified (anton, heinz, recommendations appreciated), to create the necessary and almost 24/6 platform so as to better sell, off-load, and otherwise escape, and enabling mineralizing the expected surplus.
yes, silver can go down to 20, but if so, so much the cheaper and better.
let's see if capitol hill can do us a favor and create a crisis, and as much as able we must engage with all flavors of gold, that be rich man's gold strategic platinum, poor fellow's gold antiseptic silver, and noble and just gold itself.
questions: how many rmb need to seek salvation? what is the worth of rmb redemption in terms of troy ounces ?
answer: my minds eye see below photo indicative of chinese adulation for silver and gold when truly dire per barbarians at the gate and communists at the door ft.com
From: B
Sent: Wed, July 6, 2011 10:36:39 PM
Subject: Re: Comments - Week of July 4
Remainder of McGuire piece:
“The impact on the price of silver will be even more pronounced.
Silver is a much smaller market and already in tight supply. If just 1% of Agricultural Bank of China customers buy 500 ounces of silver, that would require 1.6 billion ounces of silver! I believe the leveraged and naked existing short side concentration in silver will be blind-sided by this. In my opinion it will create a massive short
squeeze.
None of this potential new physical demand has been factored in by analysts and I expect a large and unanticipated drawdown of physical gold and silver over the next few months, ahead of the international contracts going ‘live.’
One of the key points here Eric is that many of these shorts are naked and heavily leveraged. Thus for every physical ounce of gold and silver taken out of the physical market and into this new exchange in China, it will force many multiples of that to be covered in the paper market.”
On Wednesday, July 6, 2011, B wrote:
Andrew Maguire this AM:
kingworldnews.com
This morning London whistleblower Andrew Maguire told King World News that the launch of the new gold and silver exchange in China will destroy the remaining gold and silver shorts. Maguire stated, “The launch of this new gold and silver exchange has flown under the radar, but certainly has my attention. I firmly believe we are marking a pivotal point that will in very short order affect current precious metals price discovery dynamics. We now have an additional factor to be vended into the supply demand equation. This factor will ultimately destroy the remaining short positions in both gold and silver.”
Maguire continues:
>
“China is keen to diversify their cash holdings and is also encouraging citizens to make investments in gold and silver. The Pan Asia Gold Exchange is another step in this direction by opening up ease of access to physical gold and silver to their bank customers.
This physical backed exchange is going to be a big game-changer.
Just look at the scale of this to get an idea of how massive this game-changer will be, The Agricultural Bank of China has over 320 million retail customers and 2.7 million corporate customers and has integrated its customer account information system with this platform.
By creating the first ever rolling spot contract, Chinese bank customers will for the first time have ease of access to 10 ounce gold contracts in Renminbi directly from their bank accounts and with the click of a mouse. To give a further idea of scale, if just 1% of their customers bought a single 10 ounce contract, that would equate to 1,000 tons of physical gold being drawn down.... |
