gold bug-dom comes in flavors and degrees, just like folks practicing yoga and karate
i may be a moderate and modulated bug
i rather be a gold bug than a paper worm
in the mean time, just in in-tray
From: J
Sent: Wednesday, April 17, 2013 2:37 PM
Subject: Re: Comments - Week of April 15 - beijing stores out of gold
(i) gold market should give us an explanation w/i a few dayz, and
(ii) if not, something horrific approaching us, and whatever that terror may be, it must necessarily not be bad gold, but horrifying for everything other than gold.
(iii) the thermometer up the behinds of central bankers and monitoring the temperature of the planet's monetary condition suddenly drops temperature from 38 to 30, no, the thermometer remains just fine, it is the patient that would be needing care, and in case of care, good bullish
(iv) as long as gold did not drop due to economic strength, social mood recovery, or geo political tranquility across the universe, we buy the dip and keep buying
gold shall forgive us for even thinking about asking her for explanations.
we stand w/ gold, whatever other explanations could be as long as it is not economic strength, just as we would cherish a beautiful but volatile temptress, as long as she returns, we need no explanations.
(v) besides, i watch the news only to the extent i look at the gold price each day, that single number sums up all that is known, knowable, unknown, and unknowable, and then i understand all.
gold price went down because overwhelming paper gold sales crushed steady physical buys.
(vi) on that terrible day whenever the paper gold market finally implodes, what do we expect the gold pricing action to be? rise or fall, and which of the many derivative markets vs the one essential and noble physical exchange?
(vii) to know gold we must be one w/ gold.
amen :0)
From: d
Sent: Wednesday, April 17, 2013 1:57 PM
Subject: Re: Comments - Week of April 15 - beijing stores out of gold
A few more days below 1385 and gold will get more declarations its back has been broken and psychologically this what many may have in back of their minds -- unless clear reasoning and evidence comes thru explaining the downside vol. No?
From: K
Date: Wed, 17 Apr 2013 13:20:20 +0800
Subject: Re: Comments - Week of April 15 - beijing stores out of gold
a macro strategist at a US bank based in NY has been writing this over the past few months :
1) first he wrote that Platinum moved above Gold (few months back) and it showed strength in recovery and monetary concerns were receding ! within weeks Plat slumped...
2) then he wrote Copper moving favourably as compared to Gold, so global recovery is getting 'entrenched' (verbatim)
Huh !!! copper has gone from 8300 to 7300
I sent email responses to both above points, no reply from him
3) now he writes that Gold fell in the past few days as investors are choosing risk assets over Gold and that investors see labour market improving !
Abracadabra...... helicop magic wand is waved and all are employed !!
Lets party !
On Wed, Apr 17, 2013 at 1:09 PM, H wrote:
That is probably the most ridiculous 'explanation' yet, but I've noticed it's being peddled by a number of bank analysts. Also read today about 'Morgan Stanley's four pillars of the gold bull market that are now crumbling'. Interestingly, not one of them has anything to do with how the gold price forms.
It is absolutely amazing how much nonsense about gold is suddenly pouring forth from all corners (media, sell-side analysts, even academia).
On Tue, Apr 16, 2013 at 11:36 AM, J wrote:
a moment of silent reflection, comrades
today we are told by the wastrels at bloomberg and the waste products at cnbc that gold tanked because china economy is growing at 7.99% as opposed to 8.01%
just now i saw on cctv news report re beijing gold stores had been mobbed starting this past saturday w/ folks buying gold, and
the stores are mobbed today in the am and are out of gold
one fair-sized store reported selling rmb 6odd million at opening time and ran out of inventory, w/ would-be customers leaving buy-orders to fill
the largest single customer took in ~rmb 1m of precious goodness
recommendation: getgold, humanely if possible, but getgold at all cost |
