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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (64043)	2/19/2001 4:04:13 PM
From: russwinter	Read Replies (3) \| Respond to of 116945

If these high profile London transfers don't tell you what business is being conducted in physical gold, then where is it being conducted? I doubt if that much gets done in bazaars in Istanbul any more. Maybe in public lavs some where? Over the last seven months it has consistently run about half the levels of two years ago, and I absolutely submit it is an key indicator of physical gold available, and that liquidity has dried up. I think I have the dots more than adequately connected here, and a high proportion of gold being sold today is naked short selling out of thin air. lbma.org.uk

To: ahhaha who wrote (64043)	2/19/2001 5:38:15 PM
From: russwinter	Read Replies (1) \| Respond to of 116945

Just so you know I'm not playing with the numbers, or just revealing certain markets, here is the TOCOM, which functions as a commodity clearing house between member firms. Physical gold trading has dried up there too, and in fact reinforces my point even more. tocom.or.jp In 1999, TOCOM averaged 1,334,250 Kg (35.2 oz/kg)a month.In the last seven months TOCOM cleared only 471,714 Kg./monthly. Physical gold that is available for purchase and sale (i.e: liquidity) has disappeared there too. My guess is that most of the leased CB gold is now in the form of jewelry, etc. In other words if the CB's wanted their leased gold back in physical form, it's gone. Just a paper receivable. How bullion bankers plan on paying back on short notice is a mystery to me. Well, not really a mystery, cause the answer is they can't. This market is set up for a squeeze.