Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: abuelita who wrote (76098)	7/7/2011 1:24:59 PM
From: Cactus Jack	Read Replies (1) \| Respond to of 219644

my sister thought i was nuts You were nuts, just as all visionaries are. <G> Buying silver at $10 will be the buy of our lifetimes. jpg

To: abuelita who wrote (76098)	7/7/2011 3:31:13 PM
From: Mannie	Read Replies (1) \| Respond to of 219644

Jim Willie's latest piece on silver news.silverseek.com this is his summary of his own piece (sent in a note) the extreme signal of the Commitment of Traders commercial shorts/long ratio is flashing the signal is BUY BUY BUY for silver, but also gold the last two such Buy signals resulted in 50% gains in late 2007, but also 4-fold silver gains in the last 2-1/2 years, with 2-fold gold gains in the last 2-1/2 years the signal is reliable and significant in its profit implications this article does not delve deeply into details, facts, and data let the pictures of the COT Ratio and Silver chart and Gold chart tell the story numerous factors have lined up though, which stress the already crisis-driven financial situation

To: abuelita who wrote (76098)	7/7/2011 10:00:37 PM
From: TobagoJack	Read Replies (2) \| Respond to of 219644

you would appreciate the photo collection magnumphotos.com of the classic shanghai 1948 barbarians at the gate gold bank run just cleared from e-mail tray From: J Sent: Fri, July 8, 2011 9:38:27 AM Subject: Re: Comments - Week of July 4 - bank run in progress thanks for this link magnumphotos.com , a keeper visual images of what so little gold meant to too many people reminds me of the below pic licensed for mom's book, a classic "last person out" am always enthusiastic for history lessons and they say picture worth a thousand words - so true From: T Sent: Fri, July 8, 2011 9:21:13 AM Subject: RE: Comments - Week of July 4 - bank run in progress I love that photograph J – it’s one of my favourites and one of Cartier-Bresson’s very best! (for anyone interested in his work, there’s a great Magnum slideshow HERE magnumphotos.com ) People just can’t imagine that things like the subject of this photograph could happen ‘in this day and age’ when the truth is it happens in EVERY day and age. The fact that something HASN’T happened in a while absolutely does NOT mean that it WON’T… From: J Sent: Friday, July 08, 2011 8:51 AM Subject: Re: Comments - Week of July 4 - bank run in progress we listen to warning by history that fear is a survival trait, and panic is rational panic is best done when early enough to make a difference for losing everything is a lot Henri Cartier-Bresson - Shanghai (Run on Gold Bank) From: G Sent: Fri, July 8, 2011 8:37:24 AM Subject: Re: Comments - Week of July 4 - bank run in progress I am guessing. A lot of regime are realizing that 1. Better to have gold outside of such multinational org, that may or may not give it to you when you want to steal it from your own people or fight a civil war. 2. Fractional reserve systems are not kind to the last man standing. Ie get yours while you know that there is some to get Best regards G ----- Original Message ----- From: J Sent: Fri Jul 08 08:33:26 2011 Subject: Re: Comments - Week of July 4 - bank run in progress heads up, bank run in progress ft.com July 7, 2011 7:03 pm Central banks pull most gold in a decade from BIS By Jack Farchy in London Central banks have pulled 635 tonnes of gold from the Bank for International Settlements in the past year, the largest withdrawal in more than a decade. The move, disclosed in the BIS’s annual report, marks a sharp reversal from the previous year when central banks added to deposits of gold at the so-called “bank for central banks” rather than lending it directly to the private sector amid growing concerns over counterparty risk. Central banks and other official institutions collectively hold about 30,000 tonnes of bullion in their reserves, and many seek to earn an income on their gold by lending it out, just as any other currency. However, demand to borrow gold has fallen sharply in the past decade, driving interest rates on gold lending to record lows. Hedging by gold miners, which is typically structured to involve borrowing gold, was traditionally the largest source of demand. But since miners have cut back their hedging programmes to almost zero, the gold lending market, which is mediated by large bullion-dealing banks, has dwindled. Lending gold for six months earned a rate of 0.1 per cent on Thursday, according to benchmark market assessments published by the London Bullion Market Association. In response to e-mailed questions, the BIS confirmed that the fall in the value of gold deposits disclosed in its annual report represented “a shift in customer gold holdings away from the BIS”. “The Bank’s gold deposit liabilities declined by around 635 tonnes between 31 March 2010 and 31 March 2011,” it added. Comparison with previous annual reports showed the withdrawal was the largest in at least 10 years. Traders said the move of gold holdings away from the BIS probably reflected a combination of factors. Some central banks, unimpressed with the paltry interest rates on offer, may have taken the decision not to lend their gold at all. “My perception is there’s less and less gold being put out by the central banks into the gold market,” said one banker. However, some central banks may have rediscovered an appetite for lending gold to the private sector, which can earn higher rates depending on the credit rating of the counterparty and structure of the transaction. “As commercial banks’ balance sheets have started to look better there may have been a switch back to lending to the private sector,” said Philip Klapwijk, executive chairman of GFMS, a consultancy. “Yield enhancement can be a powerful inducement to a central banker,” an industry executive added. Copyright The Financial Times Limited 2011. You may share using our article tools.