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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (23891)	8/19/2011 8:02:52 PM
From: Sdgla	Read Replies (1) \| Respond to of 219716

What effect would that have on GLD ?

To: GROUND ZERO™ who wrote (23891)	8/19/2011 8:09:05 PM
From: Honey_Bee	Read Replies (1) \| Respond to of 219716

Maybe some special people were buying silver that last hour or so the market was open and it was shooting up with fairly hefty volume. .

To: GROUND ZERO™ who wrote (23891)	8/19/2011 10:37:12 PM
From: Paxb2u	Read Replies (1) \| Respond to of 219716

If correct, it will probably be tempered by an increase in margin requirements by CME.

To: GROUND ZERO™ who wrote (23891)	8/19/2011 10:46:47 PM
From: Oblivious	Read Replies (1) \| Respond to of 219716

That is what I was counting on. <g>

To: GROUND ZERO™ who wrote (23891)	8/21/2011 9:44:31 AM
From: mazel-tov	Read Replies (1) \| Respond to of 219716

Bears out your comments: (Kitco News) -- If President Hugo Chavez of Venezuela actually takes delivery of an estimated 10 metric tons of gold, there could be an unusual development of backwardation in the futures markets, says Dennis Gartman, editor/publisher of The Gartman Letter. Chavez wants gold held in Venezuela’s name in the Bank of England and the New York Federal Reserve transferred to Caracas. Gartman says gold normally is not supposed to backwardate, but he notes that interest rates are not supposed to go to zero and they have. He says if Chavez takes delivery of what is supposed to be 10 metric tons of the metal, “gold will backwardate, wreaking havoc along the way.” If that happens, Gartman says, it may be prudent to buy nearer gold and to sell deferred gold futures. “The margins required to hold these positions are inordinately small, and if Chavez really does stand for delivery of ‘his’ gold, we can imagine that October and December gold will trade to premiums over February and beyond.”