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


To: carranza2 who wrote (64324)6/21/2010 6:07:01 PM
From: onlygold11 Recommendation  Respond to of 217617
 
"The Chinese news is perceived as bullish for all metals (copper was due 12 cents per pound higher) and for our stock markets (the DOW was called 85 higher), as it will give a lift to our exports down the road and the move will gradually help our competitiveness vis-à-vis the Chinese.

Gold spurted up $5 as soon as the markets opened in Asia, but the price was quickly put in its place. However, it rose back up to $1265 when the cabal forces in London entered the gold selling arena with one of their patented PLAN A attacks at around 3 AM NY time. As veteran Café members all know, the more bullish the public news is for gold, the more The Gold Cartel is ready to sit on the price. Not long after Comex opened, gold was down $3 and was pushed further down to $1251 as the Comex trading progressed. There is absolutely no sign the arrogant Gold Cartel is doing anything differently than they have always done … which is why the open interest in gold and silver is rising so much.

The gold open interest rose 5712 contracts to 603,094. The rise in the silver open interest is just as dramatic. It went up a steep 3216 contracts to 139,210. WHO ARE THOSE GUYS who keep selling, and selling, and selling? Well, of course, we KNOW who they are.

The AM gold Fix was $1259.50, the PM Fix: $1254.50. The silver Fix was $19.37.

And then The Gold Cartel graduated from their patented PLAN A to their patented PLAN B (smother gold following the PM Fix). Gold and silver were slaughtered in minutes."

"RG:

Bill,..
Can't help but feel this aggressive attack on the PM sector today is yet again Option Expiry motivated!.. Things had got a little too hot under the proverbial collar for the Option Writers by the end of last week especially with gold well above $1230 and silver firmly over the $19!..

Silver's not so far being butchered to any greater degree than it's Yellow friend which is encouraging, but then as my Option analysis pointed out last week, the silver position offers less of a financial threat to the option writers at these levels than it's golden cousin!..

From memory of my analysis (now on hols and without access to it) there seemed little major financial incentive to see silver much below $18.50 level, whilst it appeared very much in the option writers interest to see gold down below $1210-$1220 by expiry,..

Frustrating though this all is, I still think a mega move in the pm sector is on the way!.. So ignition takes another week courtesy of the Banksters and the Sleeping CFTC Policemen!..
Best,..
Rich (Live from 'The Scarborough Bullion Desk')"

No matter, Larry Summers instructed The Gold Cartel to stop their dinkying around and get the job done on the downside … Gold Cartel 1, Free Market 0.



To: carranza2 who wrote (64324)6/21/2010 7:14:56 PM
From: TobagoJack  Read Replies (1) | Respond to of 217617
 
hang tough

there is a beijing put on gold at 1000

and at anything south of 1100, take the gift



To: carranza2 who wrote (64324)6/22/2010 1:13:26 AM
From: elmatador  Read Replies (1) | Respond to of 217617
 
G20 is the key. RMB action shows chinese getting ready for next meeting.



To: carranza2 who wrote (64324)6/22/2010 4:32:51 AM
From: TobagoJack  Respond to of 217617
 
just in in-tray, a 'good' idea ;0/

tampabay.com

Florida rolls the dice with chunk of pension funds

Chasing bigger investment returns, the agency that manages Florida's $113.8 billion public pension fund wants to make far riskier investment bets.

The state wants to reduce the pension fund's holdings in publicly traded stocks and bonds and triple its allocation to hedge funds and other private investments that are less liquid and harder to value.

......