Where have the $650 billion in SDR's gone ?
in the just concluded sale of $41 billion in 10Y paper... it was the internals that were the biggest surprise because with Indirects taking down 77.2%, this was the highest award to foreign buyers on record !
Yields Plunge After Strongest 10Y Auction On Record
Probably just coincidence ?
Nothing else really goes quite as well with a Ponzi Scheme... as a Shell Game ?
No, really... those foreigners just love us... and can't get enough 10 year T notes... if you pay for them...
But, that accounts for only less than 10% of the SDR's ? Where did the rest go ?
How about... using some of that free money to buy gold... since, not only did they give you the money to buy it... they also PAID to put it on sale ?
Gold Price Smash in Paper – But Physical Demand on Fire
However, on the ground in the physical investment gold markets, there is extreme buying of physical gold. Take for example BullionStar’s precious metals order flow over a 5-day period from Friday 5 August to Tuesday 10 August, where buy orders have outweighed sell orders nearly 10.5 to 1, with only 8.6% of orders being sell orders.
Normally, BullionStar’s sell orders would comprise about 35% of total orders. Right now, less than 10% of orders are sell orders. Customers are buying physical precious metals, not selling.
And the paper gold and silver markets on COMEX and in London are in no way reflecting this. Why, because the paper markets are detached from reality and manipulated by the financial powers, with bullion banks dumping paper contracts in thinly traded hours on no macro news so as to pummel the price and make a mockery of what is happening on the ground in the physical investment precious metals markets. Physical demand is on fire but it is not reflected in the gold price, a gold price which is created on trading desks in Wall Street and London.
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