tag:blogger.com,1999:blog-7982981413278241287.post4115559598125444653..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: A Year-End Discussion Of The Precious Metals And Housing MarketsDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7982981413278241287.post-25526483725062866462014-01-02T09:10:11.213-07:002014-01-02T09:10:11.213-07:00Flawed Fee Model Distorts U.S. Trading, Virtu Says...Flawed Fee Model Distorts U.S. Trading, Virtu Says<br /><br /><br />Regulators could stem the migration of U.S. equity trading to dark pools by coordinating a cut in trading fees, an action exchanges are unlikely to take on their own, according to one of the biggest high-frequency firms.<br /><br />Most exchanges are charging users too much -- 30 cents per 100 shares -- pushing transactions off public markets to lower-cost private platforms such as dark pools, said Chris Concannon, an executive vice president at Virtu Financial LLC in New York. Regulators should review enacting a blanket reduction of the fees, which would also curb the rebates exchanges pay traders who facilitate transactions, he said.<br /><br />The system of charging investors for trades while paying brokers, a model known in the industry as maker-taker, is common in the U.S. and elsewhere after market making by humans became less profitable over the last decade. While these pricing systems probably can’t be dismantled, there are “things you can regulate to mitigate their impact on market structure,” Concannon, whose firm provides offers to buy and sell securities on the New York Stock Exchange and dozens of other venues globally, said during an interview.<br /><br /><br />http://www.bloomberg.com/news/2014-01-02/flawed-fee-model-distorts-u-s-trading-virtu-s-concannon-says.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-56678375760901048722014-01-02T08:33:56.984-07:002014-01-02T08:33:56.984-07:00Sun Zhaoxue: US Intends To Suppress Gold To Ensure...Sun Zhaoxue: US Intends To Suppress Gold To Ensure Dollar’s Dominance<br /><br />I’ve got a confession to make: I believe in conspiracy facts. After having witnessed scandals like NSA, LIBOR, Lance Armstrong, ISDAfix, money laundering by too big to fail banks, rigging currency rates, the fall of Madoff, the US sub-prime event, bank bailouts (in Europe and the US), the Greek tragedy, 9/11, the Iraq invasion and Enron, I came to the conclusion it is just what people do when there is money and power at stake: they conspire.<br /><br /> <br /><br />When it comes to gold price manipulation there are currently four camps:<br /><br />http://www.ingoldwetrust.ch/sun-zhaoxue-us-intends-to-suppress-gold-to-ensure-dollars-dominance<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-53700005098309751592014-01-02T08:22:19.656-07:002014-01-02T08:22:19.656-07:00I listen to all these pundits who say gold to the ...I listen to all these pundits who say gold to the moon or gold going down. The old adage he who has the gold makes the rules is passé. The new rule is, he who has the most advanced weapons makes the rules. The dollar is not going anywhere for at least a few years. The U.S. and there "partners" are not going to just roll over and let go of this monopoly. If the dollar looks like it is going to tank we all better duck n cover, cause it will be on hell of a war.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-21516915135622024782014-01-02T07:03:39.843-07:002014-01-02T07:03:39.843-07:00I know that an opinion that contradicts the theme ...I know that an opinion that contradicts the theme of this blog is not appreciated. The attached link is from the Aden sisters. I also hold P.M. as a hedge against the progressive stupidity that has take over Central Banking and Government in general. I 'm posting it in order to help those that cannot afford to take anymore loss on their current position or for those getting ready to purchase to maybe look for a better entry point. Best of luck to all.<br />http://www.321gold.com/editorials/aden/aden010214.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-73876473184928416702014-01-01T20:42:41.832-07:002014-01-01T20:42:41.832-07:00Nice interview. Thanks for your blog throughout 20...Nice interview. Thanks for your blog throughout 2013. Very good information and best of all, it's free and you don't have an agenda. I check it daily and get excited when there is a post and down when there isn't one! 2013 was a disaster for us in this sector. I went from anger to depression to flat out not caring anymore since in time things have to turn. Here's to hoping it is in 2014!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-39979890383355880552014-01-01T13:17:10.942-07:002014-01-01T13:17:10.942-07:00What do you suppose is the endgame for GLD physica...What do you suppose is the endgame for GLD physical inventory? Will it go to zero amidst a musical chairs scramble or will the dollar price be allowed to rise before that happens? It is surprising to me that the drain hasn't already accelerated at an increasing rate with the writing on the wall, hundredth monkey style. Can't wait to get Jim Rickards new book due out in April...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-45943170263819591832013-12-31T17:19:02.909-07:002013-12-31T17:19:02.909-07:00Thanks! Makes sense to me. Thanks! Makes sense to me. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-65734929449484606112013-12-31T16:31:00.803-07:002013-12-31T16:31:00.803-07:001) we don't really know how much silver might ...1) we don't really know how much silver might be moving in and out of the SLV trust because JPM is the custodian. I know there's a website that supposedly tracks the bar numbers but the information used by the site is dependent on the reliability of the data that is given to the Trustee of the SLV trust FROM JPM. Do you trust JPM given all the other areas of their business in which they've already been caught committing fraud.<br /><br />2) an enormous amount of silver moves in and out of the Comex vaults - especially Scotia and JPM - every week. Millions of ounces. That may be all that is required to satisfy silver delivery demands. 1 billion ozs of silver is mined every year, although that number will likely be lower this year. That may be enough, for now, to satisfy global appetite.<br /><br />3) gold has been in deficit consumption vs the mined supply over 15 years. The big Central Banks have been leasing and hypothecating gold to make up the deficit. GLD gold is being used now, which tells us that the CB's are running low on gold top supply the global demand.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-6531347359902119352013-12-31T15:34:07.605-07:002013-12-31T15:34:07.605-07:00Why do you suppose GLD underlying physical invento...Why do you suppose GLD underlying physical inventory is driven down but SLV inventory is not? I understand physical gold being drained, but why not physucal silver too?Anonymousnoreply@blogger.com