tag:blogger.com,1999:blog-7982981413278241287.post6877934707398629340..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: More B.S. in the Press About Gold...Dave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-7982981413278241287.post-15200108211651399012010-02-12T06:11:00.407-07:002010-02-12T06:11:00.407-07:00Adam - I get my information from the "More go...Adam - I get my information from the "More gold goodies" section in Midas (LeMet). John Brimelow writes the report and he comments on the the major gold trading markets. I think he sources a lot of his information from regional reuters reports but he also gets information directly from big trading firms. I'm sure all of his data can verified if you do the legwork.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-88961941078802831672010-02-12T04:39:01.182-07:002010-02-12T04:39:01.182-07:00Dave-
Do you have a good internet link/site to ob...Dave-<br /><br />Do you have a good internet link/site to obtain a rough estimate of Gold premiums paid in other countries (i.e. the $54 premium you quoted for Vietnam)?Adamhttps://www.blogger.com/profile/06211744365333009028noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-37816642819575621792010-02-11T20:40:25.480-07:002010-02-11T20:40:25.480-07:00Edwardo,
no your comment was fine and in line I wa...Edwardo,<br />no your comment was fine and in line I was just trying to head off any nuts that might stop by.<br /><br />No problem, great community here. Want to keep it that way.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-49611739459842343022010-02-11T20:20:53.597-07:002010-02-11T20:20:53.597-07:00My apologies if I offended with my use of Clinton&...My apologies if I offended with my use of Clinton's hospitalization to facetiously explain gold's rise.Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-89441696408937485472010-02-11T19:11:02.835-07:002010-02-11T19:11:02.835-07:00Dave,
agree with the margin observations, they did...Dave,<br />agree with the margin observations, they did this in December as well and I had forgotten,<br /><br />Jess,<br />uh oh, now we may have opened a big can of worms!<br /><br />The sith have eras and the "brotherhood of darkness" had scores of crappy sith lords with a multitude of acolytes. It took Darth Bane (the Sith'ari) to destroy the masses and institute the "Rule of Two" (One master, one apprentice). Much later Darth Krayt betrayed this code and made "The One Sith" which again swelled the numbers and will cause the downfall of the Sith.<br /><br />Anyways, Obviously I am way too into this stuff! I guess Blankie makes a good Darth Sidious; "I am the Senate!!"; how fitting.<br /><br />The code of the sith:<br />Peace is a lie; there is only passion. <br />Through passion, I gain strength. <br />Through strength, I gain power. <br />Through power, I gain victory. <br />Through victory, my chains are broken. <br /><br />Use my gmail on my site if you want to cut poor Dave out of the conversation!EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-85599893296029182842010-02-11T18:27:25.623-07:002010-02-11T18:27:25.623-07:00Ya, I carry Jesse's bags kind of like Obama ca...Ya, I carry Jesse's bags kind of like Obama carries Bob Rubin's bags. But at least I'm not some kind of Uncle Tom...LOL<br /><br />gyc, the CME moves the margins on gold/silver around a few times a year. Usually when they are trying to create a big sell-off in the metals by forcing margin calls and triggering a waterfall of stops. Actually, a 25% hike isn't too extreme. I've seen as much as 40% in the past. <br /><br />In fact, they hiked margins not too long ago and the market sold off for a day or two then went a lot higher. Also, the margin levels for gold/silver are about 30% below their highs during this bull market.<br /><br />In terms of discouraging delivery, usually someone who is buying to take delivery isn't playing the margin float and typically has the funds to keep funding the account until first notice, as that's when you have to have your account fully funded for the amount of metal you are taking delivery of. We're actually short puts on April at 1105 that we sold for a next cost of 1083. We plan on taking delivery of that put position if gold is below 1105 in April.<br /><br />Bottom line is that they are trying to create a margin-call selling avalanche. I bet it fails.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-90800998896450184822010-02-11T17:48:52.919-07:002010-02-11T17:48:52.919-07:00Tim Geithner is NOT a Sith Lord.
He is clearly de...Tim Geithner is NOT a Sith Lord.<br /><br />He is clearly designated as an Apprentice to the Sith Lords = Buttboy.<br /><br />I just added two new cards. Please continue to send all comments on my work to Dave. He is picking up my light work this century.<br /><br />LOL.Jessenoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-60782114119640413112010-02-11T17:27:26.888-07:002010-02-11T17:27:26.888-07:00Just saw this now:
http://www.zerohedge.com/articl...Just saw this now:<br />http://www.zerohedge.com/article/cme-increases-gold-silver-palladium-margins<br />I will have to digest this!<br /><br />First reaction; delivery issues so trying to drive out marginal buyers? <br /><br />I will lead off with my request to Jesse tonight for a laugh!EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-15633814836919498092010-02-11T17:24:45.454-07:002010-02-11T17:24:45.454-07:00I'm going to copy the request you made to Jess...I'm going to copy the request you made to Jess and email him along with a link to your blog.<br /><br />MSM will catch onto gold as it approaches $2500.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-6305007121910066742010-02-11T17:19:58.741-07:002010-02-11T17:19:58.741-07:00A few thoughts,
-If anyone in the MSM had any idea...A few thoughts,<br />-If anyone in the MSM had any idea about gold we would all be rich.<br />-Dave, if you have any pull with Jesse from the Cafe' could you please tell him I demand he remove the picture of Geithner as a member of the Sith Lords as we do not tolerate weakness nor stupidity. He must be some padawan jedi or something, get real already!<br />-I really do not want to see any anti-Clinton stuff; I would disagree with everything he was ever for but health issues are above discussion IMO, but it's a free country of course.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-75928515495606694612010-02-11T16:31:27.689-07:002010-02-11T16:31:27.689-07:00Edwardo that's hilarious.
Anonymous: sure wo...Edwardo that's hilarious.<br /><br />Anonymous: sure would love to see for sure who the direct bidder is. given that the Fed opts for zero transparency, I have to say that, in my mind, the Fed is guilty until it proves itself innocentDave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-49255340305711071202010-02-11T16:23:16.650-07:002010-02-11T16:23:16.650-07:00If this doesn't get the sleaze bags at JPM and...If this doesn't get the sleaze bags at JPM and GS out among the press talking about direct monetization I don't know what will.<br /><br />Accepted Bids 30 year notes.<br /><br />Primary Dealer $7,573,590,500<br />Direct Bidder $3,847,481,400<br />Indirect Bidder8 $4,559,023,800<br /><br />Tthe Feds is buying 50% of the primary dealers take directly and added together with the indirect they are buying more than the sleaze bags put together. Well what do you do when a major competition starts up in your market like this you try to put it out of action with a PR campaign. God G-d the Fed are coming to corner the Treasury Auctions.<br /><br />I love the way that they talk about the direct bid to tender ratio, which doesn't look so bad, as when the truth is they are actually buying 50%. You can imagine what the losing tender prices, which all seem to sleaze bag bids, look like.<br /><br />This is getting funnier and funnier. <br /><br /><br />http://www.treasurydirect.gov/instit/annceresult/press/preanre/2010/R_20100211_1.pdfAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-85383717345505326172010-02-11T15:27:57.359-07:002010-02-11T15:27:57.359-07:00You are all wrong. Gold went up today because Bill...You are all wrong. Gold went up today because Bill Clinton was hospitalized. Very reliable sources have divulged that due to President Clinton being hospitalized, many of the lavish Valentine's Day gifts that he was planning to give to his most intimate former bimbos, um, girlfriends and their/his offspring-a number rumored to be in the low twelve hundreds, that's intimate bimbo/girlfriends mind you, not offspring. The number for the offspring are said to be considerably higher.-gifts which came in the form of specially mass produced coins, medallions, and jewelry, fabricated from, you guessed it, precious metals, will now have to be curtailed.Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-82387194381598425242010-02-11T14:44:21.433-07:002010-02-11T14:44:21.433-07:00They claim no interest, which means they are total...They claim no interest, which means they are totally interested in McNabb. I've heard Cleveland, Buffalo and one other team want McNabb too.<br /><br />Philly would be smart to deal him while he still has value. They're already set with a good, young QB in Kolb.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-2739645813443812642010-02-11T14:12:46.600-07:002010-02-11T14:12:46.600-07:00LOL...that's almost scatological...the McNabb ...LOL...that's almost scatological...the McNabb watch is on here big time. Doubt McD will pull the trigger on him though.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-3887568732888766692010-02-11T12:53:50.899-07:002010-02-11T12:53:50.899-07:00Another popular B.S. reason (utilized by the mains...Another popular B.S. reason (utilized by the mainstream media) for gold going up or down is jewelry demand. <br /><br />Everytime I read a negative article on gold by the mainstream financial press, I want to unleash a golden shower on their heads.Anonymousnoreply@blogger.com