Gold Price - Where is it heading?

[Joules MM1]

Honestly, its pretty amazing....The gold discussion on the Bloomy is like a see saw, one day its a bullish comment, the next day its a bearish comment...

CanOz

lol....try trading it....this mornings whip-up i thought, oh yeah, no need to look to know that someone just released a report and a bunch of 'we're the smart money' bought, but first, the tell-tale rip down then the spike came.......no but yeah but no but yeah

 

[Joules MM1]

Ten Thousand dollar/ounce gold.......

video

http://video.foxbusiness.com/v/1780408637001/

 

[Joules MM1]

the Soros gamble ...........and he's had some good ones.........

Soros Unloads All Investments in Major Financial Stocks; Invests Over $130 Million In Gold
Mac Slavo
August 16th, 2012

http://www.shtfplan.com/headline-ne...cks-invests-over-100-million-in-gold_08162012

excerpt

What’s equally as interesting as his sale of major financials is where Soros has shifted his money. At the same time he was selling bank stocks, he was acquiring some 884,000 shares (approx. $130 million) of Gold via the SPDR Gold Trust.

 

[Joules MM1]

....the cftc report on trader pos in gold futures made for interesting reading this morning.......

http://www.cftc.gov/dea/futures/other_lf.htm

 

[CanOz]

the Soros gamble ...........and he's had some good ones.........

Soros Unloads All Investments in Major Financial Stocks; Invests Over $130 Million In Gold
Mac Slavo
August 16th, 2012

http://www.shtfplan.com/headline-ne...cks-invests-over-100-million-in-gold_08162012

excerpt

LOL, i really want to believe what i read on that site as i am a huge fan of George. The site's ad's really have me worried now...lol! Guns & Ammo, home power generation, water purification, antibiotics lol!

WTF??

CanOz

 

[Buckfont]

the Soros gamble ...........and he's had some good ones.........

Soros Unloads All Investments in Major Financial Stocks; Invests Over $130 Million In Gold
Mac Slavo
August 16th, 2012

http://www.shtfplan.com/headline-ne...cks-invests-over-100-million-in-gold_08162012

excerpt

And this from Wealth Wire on Soros and gold.

http://www.wealthwire.com/news/finance/3689?r=1

 

[Joules MM1]

And this from Wealth Wire on Soros and gold.

http://www.wealthwire.com/news/finance/3689?r=1

lolol.......i know i dont get out enough, but, ya know, anything presenting itself as a news-paperesque with an advert for gold below the page and an article with no author name.....well......:1zhelp:


------------------

slightly :topic

i guess i should panic; my lappy and two desk machines might die any moment coz

As the Washington Post reports, Berkshire sold the 7.7 million shares of Intel stock it owned and, according to a regulatory filing, bought nearly 3 million shares of National Oilwell Varco and Phillips 66.

Warren Buffet sells Intel holdings


Portland Business Journal
Date: Wednesday, August 15, 2012, 12:07am PDT

 

[Joules MM1]

This week, it was revealed that the Social Security Administration plans to buy 174,000 hollow point bullets which will be delivered to 41 different locations all over America.

gotta like these people for sheer gumption

"it" was revealed by whom? who exactly was the amazing whistle blower on this one......julian assange is busy right now, so, after the beep, please divulge your inside tip on what the bad guys or the good guys are doing......

Back in March, Homeland Security purchased 450 million rounds of .40-caliber hollow point bullets that are designed to expand upon entry and cause maximum organ damage, prompting questions as to why the DHS needed such a large amount of powerful bullets merely for training purposes

haha........how would you know? it's the homeland security as in, we dont tell numpty web people stuff that numpty web people will bang on about........

 

[sinner]

gotta like these people for sheer gumption

"it" was revealed by whom? who exactly was the amazing whistle blower on this one......julian assange is busy right now, so, after the beep, please divulge your inside tip on what the bad guys or the good guys are doing......

err...

Took two seconds to google this out
https://www.fbo.gov/index?s=opportu...a10187a1432388a3301e5&tab=core&tabmode=list&=

RFT from the gov is legit. i.e. it was "revealed" by the Government as soon as they put out a public request to U.S arms dealers and gun shops asking for a quote! Interpretations from sites like prisonplanet and infowars is probably not. But you gotta admit it does raise some qs.

haha........how would you know? it's the homeland security as in, we dont tell numpty web people stuff that numpty web people will bang on about........

lol the funny thing about DHS is that like most other U.S gov bodies they do all their tender process over the net. So you're right in the sense that they don't tell people what they're up to...but you can almost always see what goods and services they are tendering right now.

As for the Buffett INTC sale, wasn't that a classic value play by WB? Bought on P/E multiple compression into 2011, and sold on expansion into 2012.

 

[Joules MM1]

err...

Took two seconds to google this out
https://www.fbo.gov/index?s=opportu...a10187a1432388a3301e5&tab=core&tabmode=list&=

RFT from the gov is legit. i.e. it was "revealed" by the Government as soon as they put out a public request to U.S arms dealers and gun shops asking for a quote! Interpretations from sites like prisonplanet and infowars is probably not. But you gotta admit it does raise some qs.



lol the funny thing about DHS is that like most other U.S gov bodies they do all their tender process over the net. So you're right in the sense that they don't tell people what they're up to...but you can almost always see what goods and services they are tendering right now.

As for the Buffett INTC sale, wasn't that a classic value play by WB? Bought on P/E multiple compression into 2011, and sold on expansion into 2012.

yeah, like who was the prankster who knew the 'quote request' would be recorded.....not everyone who has a government job sings in the band we're--in-this-together ........this stuff cracks me up

 

[sinner]

yeah, like who was the prankster who knew the 'quote request' would be recorded.....not everyone who has a government job sings in the band we're--in-this-together ........this stuff cracks me up

Joules, I am having trouble understanding your english here. Please clarify?

I mean, this is the Social Security Administration we are talking about making the RFT, not DHS, that's why it's raising eyebrows.

 

[Joules MM1]

Joules, I am having trouble understanding your english here. Please clarify?

I mean, this is the Social Security Administration we are talking about making the RFT, not DHS, that's why it's raising eyebrows.

ok, it's what the article is careful not to speculate on.....that's the key.....the article is vaguely specific and invites you to fill in some well chosen blanks and omits opposing logic that quckly dismisses it's claims.......

if the prime minister denies to a newspaper she is gay and the newspaper prints she is not gay, what does that make her?

there's another round of full-court press from notoriety hunters on the web and gold attracts the worst..take out all the emotive text and scrutinise with invert questions and the largest bulk of "editorials" fall to bits

 

[Joules MM1]

err...

Took two seconds to google this out
https://www.fbo.gov/index?s=opportu...a10187a1432388a3301e5&tab=core&tabmode=list&=

.

the words 'combined synopsis' at the head of the xl tend to make me think the 'request' is bogus

 

[sinner]

the words 'combined synopsis' at the head of the xl tend to make me think the 'request' is bogus

You think a tender request on fbo.gov is bogus? Because of the words combined synopsis?

A CS is a pretty common type of tender request, Joules...

https://www.google.com.au/search?q=combined+synopsis+site:.gov

ok, it's what the article is careful not to speculate on.....that's the key.....the article is vaguely specific and invites you to fill in some well chosen blanks and omits opposing logic that quckly dismisses it's claims.......

Ok I get what you are saying, but still, SSA tendering for hollowpoints has raised eyebrows, not just in conspiracy nut circles either. In this case I'm very curious to hear your "opposing logic".

Anyway:

http://www.foxnews.com/politics/201...speculation-over-hollow-point-ammo-purchases/

The request is not bogus, and according SSA and NOAA, they have legit use for the ammo.

 

[Joules MM1]

You think a tender request on fbo.gov is bogus? Because of the words combined synopsis?

A CS is a pretty common type of tender request, Joules...

https://www.google.com.au/search?q=combined+synopsis+site:.gov



Ok I get what you are saying, but still, SSA tendering for hollowpoints has raised eyebrows, not just in conspiracy nut circles either. In this case I'm very curious to hear your "opposing logic".

Anyway:

http://www.foxnews.com/politics/201...speculation-over-hollow-point-ammo-purchases/

The request is not bogus, and according SSA and NOAA, they have legit use for the ammo.

lol.....just pushing buttons......i'll sober up now

 

[Joules MM1]

CME Clearing Europe to Accept Gold as Collateral on Demand
Nandini Sukumar and Nicholas Larkin - Aug 17, 2012 10:41

excerpt

CME Group Inc. (CME)’s European clearing house, based in London, appointed Deutsche Bank AG (DBK), HSBC Holdings Plc and JPMorgan Chase & Co. as gold depositaries. There will be a 15 percent charge on the market value of gold deposits and a limit of $200 million or 20 percent of the overall initial margin requirement per clearing member based on whichever is lower, Andrew Lamb, chief executive officer of CME Clearing Europe, said today.

??

..Prices are up 3.4 percent this year, extending 11 consecutive annual gains.

 

[Joules MM1]

http://www.businessinsider.com/gold-reserves-by-country-2012-8?op=1

The 10 Countries With The Biggest Gold Reserves In The World
Mamta Badkar | Aug. 22, 2012, 10:26 AM

Read more: http://www.businessinsider.com/gold-reserves-by-country-2012-8?op=1#ixzz24NMIG3nc

#10 India
Official gold holdings:
557.7 tonnes
Percent of foreign reserves in gold:
9.8%

#9 Netherlands
Official gold holdings:
612.5 tonne
Percent of foreign reserves in gold:
60.2%

#8 Japan
Official gold holdings:
765.2 tonnes
Percent of foreign reserves in gold:
3.1%

#7 Russia
Official gold holdings:
918.0 tonnes

Percent of foreign reserves in gold:
9.2%

#6 Switzerland
Official gold holdings:
1,040.1 tonnes

Percent of foreign reserves in gold:
14.2%

#5 China
Official gold holdings:
1,054.1 tonnes

Percent of foreign reserves in gold:
1.6%

#4 France

Official gold holdings:
2,435.4 tonnes

Percent of foreign reserves in gold:
71.6%

#3 Italy
Official gold holdings:
2,451.8 tonnes

Percent of foreign reserves in gold:
71.3%

#2 Germany
Official gold holdings:
3,395.5 tonnes

Percent of foreign reserves in gold:
71.9%

#1 United States
Official gold holdings:
8,133.5 tonnes

Percent of foreign reserves in gold:
75.1%

 

[numbercruncher]

ALot of countries have alot of foreign reserve catchup to play hey ..... = soaring prices

 

[Mr Z]

GATA are crazy bullish so it follows that it will pay to be wary in the short term, such is Bill's track record! Ben's rally has fizzled only a day after positive QE3 mumblings, the market ain't buying it.... not yet. IMO the market thinks that Ben will hold back until it is clear how much of a Euro fire he may have to put out. A soaring dollar would not be a good thing if the U-rope-pee-ing's do stuff up resulting in further capital flight, he will need to defend against such an outcome, QE3 is the tool for such an event. A full blown Euro crisis provides the political cover with the USD's value being the true motivator. Ben will keep his powder dry IMO and should U-rope settle down with a benign "solution" or a decent "can kick" then he will focus on the domestic scene. This has the potential to be quite protracted, beyond the election into next year even depending on the local data.

JMO.... we all have one

 

[Mr Z]

ALot of countries have alot of foreign reserve catchup to play hey ..... = soaring prices

If China alone is aiming for first world reserve ratios it is a complete game changer.