Chow, Confucius
8 million Swiss said no, 1.3 billion Chinese said thank you. Chuck in another billion Indians and several hunnert million SEAsia…
Chow, Confucius
8 million Swiss said no, 1.3 billion Chinese said thank you. Chuck in another billion Indians and several hunnert million SEAsia…
and traded through the $1160. support. Trend is still down and charts are inconclusive. I’m still buying phiz.
rno
Breaking News! The Virus Lasts A Long Time In Semen!
We were shocked to learn that an Indian man who recovered from Ebola back in September, then flew from Liberia back to Delhi, India, got himself slapped into quarantine.
Why? we asked. He was recovered, wasn’t he? There weren’t any more Ebola viruses sculling around in his blood, were there? What’s the big deal here, other than just plain old discrimination?
Well, it seems that there are some Ebola viruses sculling around, but they’re not in his blood stream. They’re in his semen!
We are even more shocked to learn that “Ebola lingers in semen for months after a person has recovered,” and this is because “antibodies produced in the bloodstream don’t reach the testicles.”
Therefore, male survivors are told to wear condoms for three months following their recovery, provided they have enough energy to have sex. We can’t help but wonder if the poor people in Liberia, Sierra Leone and Guinea are able to follow this advice, considering that they don’t have money for food, let alone condoms. But not to worry . . . if they don’t have food, they won’t have any energy for sex.
In the meantime, the man in India is being kept in quarantine until his semen tests negative, according to the Indian Ministry of Health.
But we can’t help but wonder why nobody has been making a big deal out of this one before. And we definitely wonder if women harbor the virus anyplace in their bodies . . . of if people have any other reservoirs anywhere in their bodies in general where the virus can live a lot longer?
(http://www.ktrh.com/, Wednesday, November 19, 2014.)
You are bullied to accept cash settlement etc.
Many miners who sell to the banks have to, to satisfy financial agreements. Who knows maybe some of them are finally waking up and selling to eastern interests!
They would just buy it here and ship it home…the comex and lbma are paper mkts but one can stand for delivery-there may be some hassles but one will eventually get their gold….won’t they?
I like your charts. Yep they don’t always pan out. That’s life in the investing world.
There’s a lot of frustration out there.
Hopefully the failed Swiss Referendum will be a sell the news type event and most of the damage was done last week. I guess we find out.
Wow! Hat’s off to Alex Van Bibber. What a life!
They build them tough in the Yukon.
North – the only hoax on this site or posters paradise were your pathetic charts. What was it? 880 HUI, 1200 HUI? You’re in the wrong place. Go back with your boys at chart tent and post your pathetic charts.
Aufever – you forgot the USS Liberty, can’t say anything bad about Israel in this country anymore.
Winedoc – not to worry, these pukes think that oil down is a good thing. The SM and big money will say different. Guaranteed.
S&P | -6.50 / -0.31% | |
Level | 2,059.75 | |
Fair Value | 2,066.33 | |
Difference | -6.58 | |
Data as of 7:42pm ET
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Nasdaq | -10.25 / -0.24% | |
Level | 4,328.00 | |
Fair Value | 4,338.30 | |
Difference | -10.30 | |
Data as of 7:42pm ET
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Dow | -49.00 / -0.28% | |
Level | 17,763.00 |
Kirby (who should know as his company expedites gold sales to rich clients) claims that bullion in quantity is going for at least $2000 if you can find it! Gotta luv this guy’s passion!
But that is not why gold is important in the modern macro markets. It is important as a monetary way station, where patient investors can park their value during a phase when all manner of speculations are being successfully encouraged by global policy making. This too, shall pass.
Swiss Gold Referendum
Here is where the negative hype may get loud. First, in the run up to the vote Citi’s Willem Buiter basically lost his mind in a crazy screed against gold. This is good. What would be even better is a strong negative reaction in the gold market off of this news because it too, like the India news to the positive side, has little to do with the real fundamentals for the gold sector. It could usher in an opportunity by clearing out the speculators and hangers on, and that is why it is good.
It does not pay to get bullish on the gold sector when it is in favor (ref. the summer hype phase centered on Russia and Ukraine, the damage from which was illustrated in an eLetter dated September 5). The time to be bullish is when it is well hated. Mr. Buiter with a quick follow up no vote in Switzerland should about do the trick coming as it comes against already pervasively bearish sentiment.
Macro Fundamentals
Tell me, how rational is a market that rewards a sector for having its fundamentals improve by selling off? When gold exploded higher vs. crude oil and yet the miners got hammered, that is exactly what happened. It is yet another sign of developing opportunity.
To be clear, there are several more macro fundamental indicators that NFTRH routinely tracks, which have not yet come in line. But I thought this was a nice, contrarian signal. Now let’s see some more of them, perhaps beginning with Swiss referendum fallout hype!
Bottom Line
We’ll clip it here but I want to summarize by saying that hype is everywhere and nowhere has it been more damaging than in the gold market. But today’s damage will be tomorrow’s opportunity. Please consider checking assumptions at the door and pay attention to the macro details.
Zero Hedge: Biggest monthly withdrawal of custodial gold from NY Fed since 2001
Submitted by cpowell on 04:47AM ET Sunday, November 30, 2014. Section: Daily Dispatches
12:45p GMT Sunday, November 30, 2014
Dear Friend of GATA and Gold:
Zero Hedge says the Federal Reserve Bank of New York’s custodial gold report for October shows a reduction of 42 tonnes, the biggest monthly withdrawal in 13 years, apparently representing some of the gold repatriation recently announced by the Netherlands central bank. If the Netherlands can repatriate so much gold at once, Zero Hedge notes, the German Bundesbank’s gold repatriation operation can be so clunky only because the Bundesbank doesn’t really want its gold back that much, or else faces more political trouble in repatriating it. Zero Hedge’s report is posted here:
http://www.zerohedge.com/news/2014-11-29/federal-reserve-confirms-bigges…
But these were hoaxes or “false flags” or were alllowed or encouraged by the federal government:
The sinking of the Maine
The sinking of the Lusitania
Pearl Harbor
The ‘collapse’ of the WTC towers
Boston Marathon ‘bombing’
Sandy Hook Elementary ‘shooting’
What GOFO? What insatiable buying by governments=India-China-Russiaetc etc? What problem with German gold repatriation? What Shanghai gold exchange?
What standing for delivery in the Dec Comex gold futures? What Looney Tunes Peter Schiff & Jim Sinclair?….and so on and so forth…
Shows down 37 bucks but we are at 1152 which is about 15 bucks down. Don’t want to mention silver but it is sitting at around 14.73 down IDKW. But we are bouncing back.
excellent open
making pheasant fricot
no further comment.
Winedoc
view from Russian side:
Are you absolutely sure about that, floridagold? 🙂 I’m beginning to think all my birdies of last summer were one gigantic, cruel hoax.
So I will withhold my opinion……However, this video is pretty convincing evidence that it is, AGAIN, a HOAX perpetrated by Obama and the US to create a Martial Law situation..
All the Best.. Silverngold
The Fake Shooting Of Michael Brown in Ferguson Exposed. It’s A HOAX
https://www.youtube.com/watch?feature=player_embedded&v=WY5X0KETO78
If Gold was selling for a premium of $500 over spot there would be a very long line at the Comex taking delivery. Imagine that…making an instant $500 PER OUNCE!
On another subject, If gold bullion in quantity is selling for a $500 premium as Jim Willie claims. Why doesn’t someone like Eric Sprott sell some of his gold for the premium, turn around and buy contracts and take delivery for a nice profit?
Well worth watching to get a full understanding of how serious this is!! …….Silverngold
http://www.youtube.com/watch?feature=player_embedded&v=nQLKaiEdfDI