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

To: RJA_ who wrote (94968)	9/25/2012 1:27:25 AM
From: TobagoJack	1 Recommendation Respond to of 219662

they have effectively unlimited metal as long as they can count on western central bank gold to backstop their trades, and larger mining firms to keep playing ball and they can and they shall (i) larger paper trades would always overwhelm smaller physical trades (ii) smaller physical trades mostly involve exchange of cash for warehousing receipts, and very little to do w/ gold moving around (iii) physical delivery can be backstopped by cb gold lending, and others rehypothecating, and mines needing financing per off-take and futures hedging arrangements the game stops whenever (i) new sovereign central banks take delivery of enough gold into own warehouses to trigger a run (ii) peak gold due to grading / energy cost / legislation / geopolitical mix (iii) jpm blows up due to any number of reasons other than gold and silver trading (iv) usd blows up due to any number reasons