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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: WalterWhite who wrote (38880)	8/17/2008 11:03:05 AM
From: elmatador	Read Replies (1) \| Respond to of 218146

G) Gimmick to sell more Gold

To: WalterWhite who wrote (38880)	8/17/2008 6:12:09 PM
From: Archie Meeties	Respond to of 218146

Who knows? The only thing you can say is that they reserve the right to delay delivery of gold today that they bought yesterday. Beyond that, I'd open myself up to liability. -g-

To: WalterWhite who wrote (38880)	8/17/2008 6:18:16 PM
From: TobagoJack	Respond to of 218146

the e-mail thread, besides blowing up, is debating: (i) maybe dealers have expensive inventory and unwilling to offload at loss (ii) but GLD etf not having sold physical says otherwise (iii) some e-mail threaders will gather for a meal and a post-meal panda hunt tomorrow, and i am supposed to make sure that the pandas will be available and plentiful, as folks will be carrying mucho cash and wanting quite a load of pandas (iv) returning to hk, and will call dealers. until then, i will hold judgement on whether physical is in short supply.

To: WalterWhite who wrote (38880)	8/18/2008 6:11:40 AM
From: TobagoJack	Read Replies (1) \| Respond to of 218146

progression of strangeness Message 24854772 no gold Message 24855515 no gold Message 24855553 no gold and i just sent out the following message to the e-mail roundtable just conversed with banker now, and he says other clients of his been trying to secure physical from hang seng bank, sub of hsbc that deals in eagles, maples, philharmonics, and koalas - no gold for about a week now bank closed now, suggest we check tomorrow to see first hand the physical situation if so, then suggest buy buy buy and buy more hsbc paper gold trade is at spot, so plenty of paper gold thus issue not because folks are unwilling to take loss on inventory we will see tomorrow

To: WalterWhite who wrote (38880)	8/18/2008 8:43:31 AM
From: TobagoJack	Respond to of 218146

in addition to progression of strangeness noted here Message 24855564 just in in-tray Just as you guys are finding..... from bullion dealer in dublin..... Unprecedented Investment Demand Leads to Supply Issues in Physical Bullion Market The massive disconnect between the physical market and the paper futures market continues. There is now an unprecedented situation where large wholesalers and retailers of physical bullion in the US and internationally are having difficulty keeping up with investment demand. Some are completely out of stock of some of the most popular bullion products such as gold Krugerrands (1 ozt) and gold American Eagles (1 ozt) and silver American Eagles (1 ozt) and silver bars (1 ozt, 10 ozt and 100 ozt). There are similar issues internationally and The Times of India reports: "There is a shortage of the yellow metal in the bullion banks and traders." There are now also significant delays in delivering bullion (usual deliveries of 5 to 10 days are now taking some dealers 4 to 8 weeks to make). Gold Investments is a bullion broker and due to relationships with many of the major wholesalers in the US and EU has not been affected by these supply and delivery issues and can currently offer all bullion products in quantity for delivery internationally within 10 working days. Large government mints and refiners are having difficulty meeting the demand and some are rationing supply to large dealers. Large wholesalers, retailers and institutions such as the Perth Mint are experiencing huge demand and even as spot prices have been falling sharply, there are little or no sellers and buyers are continuing to vastly outnumber sellers. Another indication of the sharp tightness in the bullion market is seen in the fact that premiums are rising very significantly on nearly all bullion coins and bars. Wholesale prices for some bullion coins have risen 2% to 3% in a matter of weeks. This huge demand is not being reflected in the futures market where the speculative hot money of large hedge funds and institutions with short term horizons is leading to materially lower prices. Leveraged margin players who were long have had their heads handed to them on a plate as the shorts are pushing prices as low as possible in order to maximise profits. Clearly, this situation is not sustainable as ultimately the laws of supply and demand of the physical metal will dictate prices and not the speculative and manipulative antics of black box, momentum following traders. Large, smart money is accumulating physical bullion away from the more risky leveraged casino that is the futures market. Thus, this latest of vicious sell offs is set to be another sharp correction in the gold bull market designed to as usual flush out the weak hands. The bounce when it comes will likely be just as dramatic as the shorts attempt to cover en masse. Should some large players decide to stand for delivery of near term futures contracts when they expire, then we could see some real fireworks and gold will be above $1,000/oz in very short order.