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

To: bart13 who wrote (101888)	7/14/2013 5:53:27 PM
From: Robin Plunder	Read Replies (2) \| Respond to of 219648

Bart, a positive value of net shorts means they are long? And the percent change means banks are long and commercials less short? I am not sure how to read this chart, but definitely dramatic change is happening. Rp

To: bart13 who wrote (101888)	7/14/2013 6:33:29 PM
From: TobagoJack	Respond to of 219648

The shorting worked well, suppressing paper gold pricing and enabling easier hoarding by the faithful, facilitating the two tenants of the ancient script, that (i) gold passes from the weakened trembling hands to the strong firm grasp, and (ii) bad paper trading pushes out the good physical hoarding. Gold can go to 900 from this point and we would still be on track for 8,500. <<Y-T-May, Hong Kong imported 273.9 tons gold from Switzerland, 62.2 tons gold from South Africa, 26.5 tons gold from Australia, 62.7 tons gold from USA and a huge % increase from UK to 41.5t ( a surge of 32.3tons in May alone ). >> Message 28988159 would be probably correct to think that the gold coming out of s.africa, and Australia are more likely from recently mined gold, the gold out of Switzerland, and uk are of more ancient origins, and the gold out of USA are from the vaults originally filled from overseas war booty and domestic confiscation

To: bart13 who wrote (101888)	7/14/2013 8:48:30 PM
From: TobagoJack	Read Replies (2) \| Respond to of 219648

In any case the banks are not actually short gold The banks control the fed, and therefore rightly call its gold ledger their own. The fed may simply be depleted of gold or even actually short of gold, but to the extent that any gold remain stored w/i the confines of USA / EU, the authorities are not seriously short of that gold which they can easily reclaim w/ just another piece of fiat paper titled "executive order" per rule-by-making-up-rules protocol Gold, like young Edward, must make way to Hong Kong, but unlike snowdon, should stay on in Hong Kong. Freedom can only be where freedom allowed.

To: bart13 who wrote (101888)	7/14/2013 9:07:19 PM
From: TobagoJack	Respond to of 219648

Are gold bulls returning? By Will Bancroft July 12, 2013 • Reprints Analysts surveyed by Bloomberg are at their most bullish on the price of gold in five weeks due to Bernanke’s acknowledgement that QE was still needed by the US economy. Gold prices almost touched $1,300 yesterday, reaching $1,298.73/ounce. At the moment gold bullion is headed for its strongest weekly performance since October 2001, according to Bloomberg. This is despite the gold price slipping this morning. In silver news it wasn’t so positive as the metal declined overnight, for the first time this week. The small drop in the gold price (spot gold fell 0.1%) came after China’s finance minister said he expects the country’s economic growth for 2013 will come in 0.5% lower than expected, at 7% instead. Gold coin demand vs mine supply According the US Mint’s website, American Eagle sales for July are already on course to beat June sales of 57,000. 21,000 gold coins have been sold already this month, this may suggest that buyers believe we will not return to gold price lows experienced recently. However, in contrast the Perth Mint, continues to experience a decline in gold bar and coin sales, having seen a 47% fall in June. March’s US gold mine output has been revised by the US Geological Survey, up to 18,500 kgs of gold bullion bars from an original 17,100 kgs however this is still a 2% decline on last year. Q1 production fell by 12% from Q4 2012. Gold continues to be supported by physical gold investment. The four year high of one-month lease rates show strong industry demand and suggests that the jewellery industry are getting ready for Christmas demand. Gold buying in China Last week the Shanghai Futures Exchange launched their after-hours trading. It has proved to be a huge success, as trading volumes jumped to record highs. Average daily trading volumes for gold, in June, were 595,642 lots, yesterday 595,642 lots were recorded. Our work on the Shanghai Futures Exchange, released yesterday, shows China are taking a significant amount of supply out of the market place. We found that delivery volumes exceed, or are close to, HK export data and mining supply of gold. There is also some anecdotal suggestions that the Chinese and Russian central banks have been buying gold bars again. This, added to high import figures suggests that strong physical demand may well lead to scarcity and therefore a significant advance in the gold price. According to RBS Capital Market Global Futures, there has been a small increase in the number of open positions in COMEX gold. This suggests that speculators are returning to the market, worried that they are missing out on an opportunity. Has gold reached its bottom? We can’t be too sure, says Jim Rogers in a recent interview. He believes that we should expect more volatility over the next couple of years and that this week’s improved performance was not a sign that gold had reached its bottom. About the Author Will Bancroft Will Bancroft is one of the co-founders and COO of the Real Asset Co. in London. He regularly contributes to *The Real Asset Co.’s research desk. His passion for politics, philosophy and economics led him to develop a keen interest in Austrian economics, gold and silver and he holds a BSc Econ Politics from Cardiff University. Read more of his writing and ask him questions on Facebook* or *Twitter.*