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Hopefully a pull back, but longer term up to $2,000 ...
Hopefully a pull back, but longer term up to $2,000 ...
if the vpoc zones fail, i'm looking for 1730 gold or 32.90 silver longs
these levels look achivable now.....if the SPX as a beta downside leader fails at 1429's then expect buyside liquidity get pulled on silver and gold.....
I know a guy that refined gold and silver professionally, he says that it would be VERY hard to tungsten fill a bar in such a fashion that it is not obvious to the experienced eye. Also, very often when you sell a bar back to a mint it is on a melt and assay basis, I can't see a CB taking any less a precaution and I can't see them being caught by what is essentially a retail level scam. China is melting the 400 oz good delivery bars it gets and recasting them into metric bars (kilo?).
The good thing about the tungsten filled story is that it always seems to turn up when gold is going to go for a run. LOL... the conspiracy is that they'd like to spook physical buyers more than anything IMO!
Oh yeah... and I have yet to see a 400 oz bar full of tungsten, only these small bars... show me a room full of those and then I will reconsider the CB story
memory serves,
Update: Thanks to smart comments from BronSuchecki and Tim Worstall. I forgot that gold is actually used, once in a while, to make things like jewels ”” which means that bars are melted down pretty frequently. If there was a significant number of salted bars out there, we’d know about it, since you’d notice when one of them got melted down. Which isn’t to say that there are no salted bars at all, but it certainly does seem to imply that there’s nowhere near 1.3 million of them.
Hey folks Newb question here, is anyone expecting a decent shake off on gold any time soon or will we just see minor pull backs and continued upwards movement upto that 5G mark. 5G, for real???? consensus on when????
Hey folks Newb question here, is anyone expecting a decent shake off on gold any time soon or will we just see minor pull backs and continued upwards movement upto that 5G mark. 5G, for real???? consensus on when????
Hey folks Newb question here, is anyone expecting a decent shake off on gold any time soon or will we just see minor pull backs and continued upwards movement upto that 5G mark. 5G, for real???? consensus on when????
....Fed’s QE policies have succeeded in boosting inflationary expectations as measured by the spread between the 10-year Treasury yield and the comparable TIPS yield. Indeed, this spread is highly correlated with both the S&P 500 stock price index and the forward P/E of the S&P 500. The spread peaked at a high so far this year of 2.64% on September 14, matching the QE2 peak on April 8, 2011. It dipped back down a bit to 2.42% yesterday.
5G @ 04:23 GMT 03 March 2013
That was 2.4 standard deviations above the one year average.
Wednesday, October 3, 2012
As real rates hit another record low, speculative gold positions spike
http://soberlook.com/2012/10/as-real-rates-hit-another-low.html
View attachment 49193
excerpt
Looks like everyone was watching CNBC Joules!
yup, it's hold-em time.
if gold can break the 1790&1805 short term highs, next target for me is 1889+
Looking for a breakout setup on GLD...175.47
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