Gold Price - Where is it heading?

[Joules MM1]

http://jessescrossroadscafe.blogspo...+JessesCafeAmericain+(Jesse's+Café+Américain)

28 November 2012
Bear Raid In Gold and Silver After Option Expiration

http://jessescrossroadscafe.blogspot.com.au/2012/11/comex-open-saw-24-tonnes-of-paper-gold.html

28 November 2012
Comex Open Saw 24 Tonnes of Paper Gold Dumped at Market - Sharks, with Laser Beams

 

[GoldMan2012]

:rolleyes

 

[GoldMan2012]

Grrrrr....

 

[Joules MM1]

minimalism

corn:

 

[StevieY]

Hi All,

Can I just some thoughts on Gold ETFs? Am not sure if its better to buy the code: QAU or GOLD.

I do have some gold mining stocks but thought I get some ETFs as well.

Thanks
Steve

 

[young-gun]

Hi All,

Can I just some thoughts on Gold ETFs? Am not sure if its better to buy the code: QAU or GOLD.

I do have some gold mining stocks but thought I get some ETFs as well.

Thanks
Steve

If it isn't bullion, you don't own it

 

[StevieY]

If it isn't bullion, you don't own it

Thanks young gun. was looking at trades and short term hold.

 

[Joules MM1]

ZeroHedge: Hidden Dangers in Gold
Posted by silveristhenew on December 7, 2012

http://silveristhenew.com/2012/12/07/hidden-dangers-in-gold/

DSTM, ok: balance

 

[kid hustlr]

Hi All,

Can I just some thoughts on Gold ETFs? Am not sure if its better to buy the code: QAU or GOLD.

I do have some gold mining stocks but thought I get some ETFs as well.

Thanks
Steve

Depends on your goals. GOLD is unhedged whereas QAU is. Will play a big factor.

 

[StevieY]

Depends on your goals. GOLD is unhedged whereas QAU is. Will play a big factor.

Hi kid hustir, can you explain why QAU which is hedged (am assuming against the AUD$) may be better (or worse)?

Thanks

Steve

 

[kid hustlr]

Hi kid hustir, can you explain why QAU which is hedged (am assuming against the AUD$) may be better (or worse)?

Thanks

Steve

well the hedged option (QAU) will mean you can wake up every morning and simply look at the gold price to see how your investments are performing, the unhedged (GOLD) means that you have the added exchange rate risk involved.

As an example in recent years although the gold price has performed very well, so has the AUD and as such offset some of these gains if you held an unhedged position in gold here in Australia. Off the top of my head I would think QAU has outperformed GOLD by quite a lot in recent years.

One could make arguments either way about which investment option is the stronger one.

 

[StevieY]

well the hedged option (QAU) will mean you can wake up every morning and simply look at the gold price to see how your investments are performing, the unhedged (GOLD) means that you have the added exchange rate risk involved.

As an example in recent years although the gold price has performed very well, so has the AUD and as such offset some of these gains if you held an unhedged position in gold here in Australia. Off the top of my head I would think QAU has outperformed GOLD by quite a lot in recent years.

One could make arguments either way about which investment option is the stronger one.

Ok...

GOLD ETF = Gold price + risk from exchange rate as it's based on USD$.

QAU ETF = Gold price in AUD$

So, in order to make a profit in GOLD ETF, the Gold Price must go up and and the AUD$ must fall against the USD$?

Hope I got that right.

Thanks again!

Cheers,
Steve

 

[drillinto]

Gold and the 200-day moving average

http://www.bespokeinvest.com/thinkbig/2012/12/18/gold-testing-200-day-moving-average.html
***

 

[Uncle Festivus]

Interesting shenanigans in gold, again - 'renowned' whistleblower spills the beans.......

(From Joules, on another thread, with reference to another forum......)

Today renowned silver market whistleblower Andrew Maguire spoke with King World News about the state of the physical gold market and said that several billion dollars of paper selling from government agents was used to smash the gold price yesterday. Here is what whistleblower Maguire had to say: “Gold is actually a currency, and it’s (the gold market is) intervened (in) by the government agents, which are the bullion banks. Yesterday, clearly they (the bullion banks) sold gold in defense of the dollar.”

Maguire continues:

“Keep in mind that $3.5 billion of paper gold was actually cleared in London yesterday. This selling was coordinated by the same bullion banks that are also active in the Comex. At the same time, they are rigging enough of a decline to cover shorts into capitulating longs on the Comex market.

But the Eastern central banks are simply sitting back and allowing this defense of the dollar to occur. They know what’s going on....

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/12/19_Whistleblower_-_$3.5_Billion_Of_Paper_Used_To_Smash_Gold_Price.html

So it stands to reason that a good chunk of the fresh QE would go towards the playtime games of the 'fiat defenders' dogsbodies?

So do we just lay back and think of England (or the LBMA to be more precise) and wait for the explosion higher when all the games are done?

 

[Joules MM1]

Interesting shenanigans in gold, again - 'renowned' whistleblower spills the beans.......


So it stands to reason that a good chunk of the fresh QE would go towards the playtime games of the 'fiat defenders' dogsbodies?

So do we just lay back and think of England (or the LBMA to be more precise) and wait for the explosion higher when all the games are done?

i think it's important to keep in mind that first one cannot beat the supply/demand equation and two when there are simply more active sellers than exhausted buyers a substantial decline can ensue....while that's true a group of like-minded traders can pick their spots to lean on price in either direction......as it's a fair-go fair-game auction process both camps get to play ball it's just who can best run the numbers or interpret the quickest and proactively trades with that interpretation......afterall, least ways from my pov, we're jsut seeing money chase money in both directions.....

thanks for the convo, Uncle and seasons goodness to you ....looking forward to another rocketing incline soon

 

[notting]

So do we just lay back and think of England (or the LBMA to be more precise) and wait for the explosion higher when all the games are done?

Uuuuummmmm? You'd really hope that it a retorical question.

 

[Uncle Festivus]

i think it's important to keep in mind that first one cannot beat the supply/demand equation and two when there are simply more active sellers than exhausted buyers a substantial decline can ensue....while that's true a group of like-minded traders can pick their spots to lean on price in either direction......as it's a fair-go fair-game auction process both camps get to play ball it's just who can best run the numbers or interpret the quickest and proactively trades with that interpretation......afterall, least ways from my pov, we're jsut seeing money chase money in both directions.....

thanks for the convo, Uncle and seasons goodness to you ....looking forward to another rocketing incline soon

And to you and all the best of luck for what promises to be a make or break year coming up? Is it a co-incidence that it also marks the centenary of the US Federal Reserve, under who's stewardship the value of a dollar has lost nearly 100% of it's 'value'?

A rocketing incline eh? A woody would be nice too......instead of waterfalls....depends which way your bet is??
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█████ ████ everything ███ █████ is█████ ████ fine ████ ███ ██████ love █████ █ your █ ████ government.

 

[DB008]

Didn't know which thread to put this in, but this is pretty interesting.
2 minute vid.

BBC

A rare look inside a Swiss gold refinery

http://www.bbc.co.uk/news/world-europe-20797917

 

[Uncle Festivus]

Crack-pot or hero?

http://mayanmajix.com/art526.html

Conspiracies, Senator Wellstone death

http://www.youtube.com/watch?v=3Vbf49kzWFw

& religious influence on America .....

 

[tech/a]

You gold bugs short?

Gold getting smashed