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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Siddhartha Gautama who wrote (98304)	10/5/2008 1:32:55 PM
From: RJA_	6 Recommendations Read Replies (1) \| Respond to of 110194

There is a change in what Tulving is offering -- He is now offering COMEX deliverable kilo gold bars (32.15oz) at 19.95/oz over spot. Also 1000 oz Comex deliverable silver bars at 0.49 per oz over spot. What this means to me: Someone is doing arbitrage between the physical market and the Comex. Someone is taking delivery. If Tulving and others are successful in these sales and If this happens in large enough quantity it will put an end to the manipulation of the gold and silver prices... because taking delivery will reduce Comex inventory and in the event of lack of physical in Comex delivery will either eliminate or greatly reduce the effect of the futures manipulated price on POG or show the Comex price to be a sham -- unbacked by physical. This could be a very important event. Of course, physical gold could still be sold in to markets... but CB's lately might be a little reluctant to do that.

To: Siddhartha Gautama who wrote (98304)	10/5/2008 1:42:51 PM
From: TH	2 Recommendations Read Replies (2) \| Respond to of 110194

Hello Siddhartha, In addition to the large bars that RJA mentioned, Tulving is today offering brand new 08 Eagles. And I might add at a whopping $69 bucks over spot. Let us see how long they last, for there are not supposed to be too many available as new, due to the mint issue with available blanks. I speculate that since there is no <old> bullion available and the impressive $55 bid is still offered, that few have contacted Tulving and made a sale to him. Also interesting. I just finished watching The McLaughlin Group. The last 15 minutes are worth watching, for there was an interesting exchange regarding the availability of physical bullion. I guess FT has a story about this that sparked the debate. I'm going to look for this. BTW, the transcript for today's show is not yet available, but I'm sure it will be. mclaughlin.com It has been my long held opinion that the bullshit paper gold and silver market would only be exposed for what it is when physical demand became newsworthy and a premium over the quoted paper rate. I think we are getting close to this. Some say this is the end game as those late to the party drive it up before the collapse. I think nothing could be further from the truth. The is just the beginning. We will see. GT TH