Gold Price - Where is it heading?

[Bintang]

Considering BHP trades about 2 to 4 % of market cap a day we are talking similar numbers (if not way way less for gold). Where are all the BHP bugs crying conspiracy? I mean you can even buy BHP paper derivatives!!

Except for April 15 when 400 tonnes of gold was dumped onto the market in the space of a few hours. When something similar happens to BHP the BHP bugs will be entitled to cry foul also.

 

[CanOz]

Except for April 15 when 400 tonnes of gold was dumped onto the market in the space of a few hours. When something similar happens to BHP the BHP bugs will be entitled to cry foul also.

400 tons of paper gold? Why was it "dumped", why isn't just long liquidation because stops were hit?

 

[sinner]

Except for April 15 when 400 tonnes of gold was dumped onto the market in the space of a few hours. When something similar happens to BHP the BHP bugs will be entitled to cry foul also.

This sort of post exposes the true mentality of "goldbugs", regardless of what they might shout.

If you really believed in your own investment hypothesis then "dumps" like the one you describe are a godsend, lowering the price of physical and tightening premiums, allowing your dollars to buy more ounces of physical.

But you want price to go up, and have obvious aversion to declines in price, all despite apparent claims that the price of paper is irrelevant, or incorrect.

 

[Trembling Hand]

Except for April 15 when 400 tonnes of gold was dumped onto the market in the space of a few hours. When something similar happens to BHP the BHP bugs will be entitled to cry foul also.

Well they did I guess during the GFC. Dose that make it "unfair" or a conspiracy to keep BHP price low?

 

[sinner]

What does 400 tonnes even mean? How can you dump 400 tonnes onto the market without willing bidders sitting on the other side of the trade "sucking up" 400 tonnes?

Just a quick check on the NYSE, shows that in August 2011 there was a series of consecutive trading days on BHP where the total dollar volume was pretty much equivalent to the reported dollar volume of gold on April 15 2013.

How is that a big deal? Hint: it's not.

 

[explod]

http://kingworldnews.com/kingworldn..._Official_-_Arrest_The_Gold_Manipulators.html

Derivatives control the gold market and the gold manipulators should be arrested.

 

[Trembling Hand]

http://kingworldnews.com/kingworldn..._Official_-_Arrest_The_Gold_Manipulators.html

Derivatives control the gold market and the gold manipulators should be arrested.

Still waiting for your data Explod.

 

[explod]

Still waiting for your data Explod.

How can I produce data I do not understand. What we need is a financial market that can be understood so that we can truly judge, and know, that the market is honest.

I remember that 400 ton of gold dumping back in April too, and was done in a quiet time when few traders were operationg. Probably to rescue shorts (and shorting is criminality in my view too)

No I am sorry T/H, it all beats me.

 

[Trembling Hand]

No I am sorry T/H, it all beats me.

So you have formed strong opinions on something that you actual confess to not have any understanding of.

I guess that just about sums up the internet!

 

[satanoperca]

What we need is a financial market that can be understood so that we can truly judge, and know, that the market is honest.

Just give me any market to trade/invest in that is truly honest and yippy.

Every facet of doing business in some ways is dishonest or should I say the lines of truth are often blurred. Deception is part of everyday life, kust ask women who wear mark-up, sure they go before doing the horizontal but the next morning can tell a whole different truth.

Cheers

Gold is just another investment opportunity, nothing more and nothing less. The skill, like all investments is simply when to buy and when to sell.

Cheers

 

[explod]

So you have formed strong opinions on something that you actual confess to not have any understanding of.

I guess that just about sums up the internet!

I think that is a tad out. You purport to understand these things but seem to refuse to explain or let us ordinary souls in on it all.

I do understand that gold is a solid item that can be held in the hand and because some think it is fantastic it has value. AND IT IS UP TO $1300 FROM $35 in 1970. Could even add another couple of noughts in the next 10 years if the rumours of bankster manipulation proves to be correct.

And since the first bankers made paper dockets for gold held in store they look to have cheated ordinary people ever since. But stand to be corrected??

 

[Trembling Hand]

I think that is a tad out. You purport to understand these things but seem to refuse to explain or let us ordinary souls in on it all.

Well.....

Don't know about that one. How many more times can I explain that your leverage theory is wrong. After so many attempts the only conclusion for you not being able to take in simple maths is you are not that sharp. I cannot do any more without specific questions. And I'm pretty sure you don't want to know anything that challenges you long held ideas that are based on myth.

Then how could anyone take any of your other silly ideas as holding value when we cannot get past the most basic?

 

[Bintang]

Well they did I guess during the GFC. Dose that make it "unfair" or a conspiracy to keep BHP price low?

You like to berate others for not showing data so how about you show us the data for exactly when the trade in BHP shares reached a level during the GFC that would equate to 16% (= 400/2500) of its market cap in a single day (let alone a few hours).

What does 400 tonnes even mean? How can you dump 400 tonnes onto the market without willing bidders sitting on the other side of the trade "sucking up" 400 tonnes?

Just a quick check on the NYSE, shows that in August 2011 there was a series of consecutive trading days on BHP where the total dollar volume was pretty much equivalent to the reported dollar volume of gold on April 15 2013.

So how about you tell us the particular dates you are referring to? Or perhaps you could tell us what the trading volumes on those days were as a percentage of BHP's market capital since that is the relevant comparison to make in the context of TH's BHP shares versus gold tonnes daily trade argument.

 

[Bintang]

Well.....

Don't know about that one. How many more times can I explain that your leverage theory is wrong.

You have EXPLAINED nothing. You have only made assertions.

 

[explod]

Well.....

After so many attempts the only conclusion for you not being able to take in simple maths is you are not that sharp. ?

Thanks Champ.

Last year at elementary school )at 14 years) Maths 15%, English expression 85%, high rank (smell of course) large Command of others, lettered, (Fine art, Sociology) Councillor (and Mayor 12 months), but the best was member of Buffalo Lodge at Longreach.

Stuff the arithmatic, this forum is to help each other. So Commorrnn T/H

 

[Bintang]

You like to berate others for not showing data so how about you show us the data for exactly when the trade in BHP shares reached a level during the GFC that would equate to 16% (= 400/2500) of its market cap in a single day (let alone a few hours).

So how about you tell us the particular dates you are referring to? Or perhaps you could tell us what the trading volumes on those days were as a percentage of BHP's market capital since that is the relevant comparison to make in the context of TH's BHP shares versus gold tonnes daily trade argument.

TH/Sinner: Am still waiting for your data.

 

[skyQuake]

TH/Sinner: Am still waiting for your data.

How can you compare 1 day's trading to 1 year's production?

To compare market cap vs 1 day's trading,

It should be gold's total market cap vs 1 day's trading.

Total gold in the world is 168k tonnes. (as of 2010) Divided by 400 tonnes is 0.24%

Source: wikipedia.

 

[Trembling Hand]

You have EXPLAINED nothing. You have only made assertions.

I'm pretty sure I have. I'm also pretty sure you don't understand what I am even trying to say let alone whether its valid or not.

But that is to be expected from someone trolling with idealogical opinions.

Do you know what open interest is?

 

[Bintang]

How can you compare 1 day's trading to 1 year's production?

To compare market cap vs 1 day's trading,

It should be gold's total market cap vs 1 day's trading.

Total gold in the world is 168k tonnes. (as of 2010) Divided by 400 tonnes is 0.24%

Source: wikipedia.

Why don't you read the original post on this subject by TH. It is his comparison not mine.

I'm pretty sure I have. I'm also pretty sure you don't understand what I am even trying to say let alone whether its valid or not.

But that is to be expected from someone trolling with idealogical opinions.

Do you know what open interest is?

Yes, I know what open interest is.

Once again when you are challenged to produce data to support your assertions you are unable to do so.
Instead you resort to personal attacks such as accusing others of trolling.
What ideological opinions have I expressed which upset you so much?

 

[Bintang]

...... I'm also pretty sure you don't understand what I am even trying to say let alone whether its valid or not.....

You are right about one thing. I don't understand what you are 'trying' to say.
I don't even understand what you have already said.
Perhaps you could try harder by
1) actually providing the kind of data which you demand from others
and/or
2) actually saying what you want to say instead of trying to say it.