tag:blogger.com,1999:blog-7982981413278241287.post2894950391837884108..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Quote Of The Year And Must-Read Analysis From Reg HoweDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger25125tag:blogger.com,1999:blog-7982981413278241287.post-86890898468749137352010-05-26T16:30:21.736-06:002010-05-26T16:30:21.736-06:00Ttttttttthe USD is ggggggggggggggggoing pppppppppp...Ttttttttthe USD is ggggggggggggggggoing ppppppppppparabolic.<br /><br />http://quotes.ino.com/chart/index.html?s=NYBOT_dx&t=&a=&w=&v=d12Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-83114805803296484892010-05-26T14:46:36.912-06:002010-05-26T14:46:36.912-06:00LOL. He reminds of the chararcter Stuttering John...LOL. He reminds of the chararcter Stuttering John from the Howard Stern show in the 1990's. Stuttering John was hilarious. I'll never forget the interview, captured on video, when he asked Ted Williams if he had ever farted in the catcher's face when he was at bat. I thought Ted Williams was going to murder Stuttering John LOL.<br /><br />I still am firm on my dollar call. But it doesn't matter if I'm right or wrong, my gold holdings have appreciated nicely vs. the dollar this year...Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-18960769855922997052010-05-26T13:55:19.682-06:002010-05-26T13:55:19.682-06:00Anonymous said...
Dddddddd...Dave...wwwwwwwww...Anonymous said...<br /><br /> Dddddddd...Dave...wwwwwwwwwhy isn't tttttthhhe USD rrrrrrrolling over????<br /><br />------------<br /><br />Let revisit this post come July....shall we.Hopiumnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-17554748834127421002010-05-26T13:08:19.954-06:002010-05-26T13:08:19.954-06:00Dddddddd...Dave...wwwwwwwwwhy isn't tttttthhhe...Dddddddd...Dave...wwwwwwwwwhy isn't tttttthhhe USD rrrrrrrolling over????<br /><br />LOL.<br />LOL.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-53110900049212109122010-05-26T06:53:37.438-06:002010-05-26T06:53:37.438-06:00I see PHYS is down 8% in pre. Let's see what ...I see PHYS is down 8% in pre. Let's see what the intra-day premium does - Sprott updates it on its website.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-28487998603018660262010-05-26T06:51:41.060-06:002010-05-26T06:51:41.060-06:00It's a good question on the timing of his deci...It's a good question on the timing of his decision to float stock. Perhaps the answer is part administrative - it's very hard to perfectly time the market with a stock deal given all the bureaucratic hoops you have to jump thru - and part market - rather than worrying about getting long when gold is at $1180, maybe he's worried about not getting long here and gold may move up to $1300 quickly. Certainly it's to the benefit of existing trustholders to sell stock with a double digit premium and buy physical at spot. <br /><br />I'm excited to see the response of the premium today. We know CEF's premium tanks down close to zero when it issues more stock. But CEF is different than PHYS because of the delivery feature with PHYS. My bet would be that the PHYS premium holds up better...we'll see...Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-86239001420606549142010-05-26T06:42:42.652-06:002010-05-26T06:42:42.652-06:00Dave--perhaps the answer lies in when the premiums...Dave--perhaps the answer lies in when the premiums get too high? However, PHYS premiums have been up there in nosebleed territory (CEF and GTU too which tells you something about the concept of supply and demand) so just to poke this around, why not set the offering for say last Friday knowing a cap is being placed on PM?<br /><br />Maybe he does not want to become too hi profile with whoever is farting around with PM?<br /><br />And is there anybody here that does not game this cartel action ourselves in some way shape or form even as we are whining? <br /><br />I might just e mail Sprott. I had bought some PHYS when it was first issued and like the arbitrage with CEF or GTU the premium had just got too hi. I used to sell CEF and GTU ahead of a perceived new offering and get into GLD and SLV but now just too afraid of that risk. <br /><br />I guess GLD is ok if its a small part of ones PM holdings and you know the issues and its just a trade.Halnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-13047982768588479502010-05-26T06:26:02.550-06:002010-05-26T06:26:02.550-06:00I dunno Hal. Maybe he's more interested in ge...I dunno Hal. Maybe he's more interested in getting longer physical gold than he's worried about paying an extra $20/oz when he knows the price of physical gold has at least a double in it over the next 24 months...you should email him and ask him. I think Jesse said he has to have the cash in hand before he can start buying.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-70532175079542029332010-05-26T06:24:02.904-06:002010-05-26T06:24:02.904-06:00Bronto, you would be taking delivery each month of...Bronto, you would be taking delivery each month of one contract of gold and shorting 1000 GLD against the 100 bar of physical. It's a hedge play in 2 respeots: 1) GLD's slowly erodes over time vs. NAV because of the way it accounts for expenses. 2) the day that GLD is exposed, your physical gold will do a moonshot and the price of GLD will be cut in half. it's a great hedge idea and would great a trade to put on on a leveraged basis.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-56646363848221283392010-05-26T02:20:10.928-06:002010-05-26T02:20:10.928-06:00Meanwhile back at the ranch the nobel peace winner...Meanwhile back at the ranch the nobel peace winner has just ratcheted up the terrorist war in Iran. <br /><br />US Military Ratchets Up Iran Infiltration to Prepare for War <br />Escalated 'Covert Ops' Approved Across Middle East<br />by Jason Ditz, May 25, 2010 <br /><br />http://news.antiwar.com/2010/05/25/us-military-ratchets-up-iran-infiltration-to-prepare-for-war/<br /><br />This should be in full swing when the GLD vs COMEX gold goes pop providing a nice backdrop for the declaration of martial law. I think you will end up owing on your gld short and having to wait for martial law to end before getting paid on your COMEX long.<br /><br />Best of luck.<br /><br />Why don't you try to convince your broker to accept a North Korean depositary receipt or even better still a Siberian gold producer forward to support your short.<br /><br />LOL.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-87233481039322337492010-05-25T23:10:45.852-06:002010-05-25T23:10:45.852-06:00so a question: why did Sprott wait til after expir...so a question: why did Sprott wait til after expiration to disclose he is adding (apparently in the future) when even he on BNN said the price of gold would go up Tuesday PM.<br /><br />Is it simply that he did his buying during the sell off this past week. There is an obvious answer I am missing.Halnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-28010937939783561532010-05-25T22:15:17.268-06:002010-05-25T22:15:17.268-06:00whats the margin req'ment to short GLD? Moreo...whats the margin req'ment to short GLD? Moreover, if i short one contract GLD and go long one contract comex gold, do they just cancel each other out until GLD gets exposed?Brontosaurusnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-22006703395188470252010-05-25T21:28:04.560-06:002010-05-25T21:28:04.560-06:00That's a great idea Anonymous. We have looked...That's a great idea Anonymous. We have looked at actually putting that hedged trade on using CEF when it gets to a double-digit premium but you can't get a borrow on CEF. Of course, the instant GLD is exposed, the premium on the bona fide trusts will double. <br /><br />I like your strategy on going long comex gold/shorting GLD.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-53783725533773167082010-05-25T20:38:34.573-06:002010-05-25T20:38:34.573-06:00golds-buying-power
http://whatisthatwhistlingsoun...golds-buying-power<br /><br />http://whatisthatwhistlingsound.blogspot.com/2010/05/golds-buying-power.htmlHopiumnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-86392886865123642582010-05-25T20:26:24.678-06:002010-05-25T20:26:24.678-06:00The real play here would be to take delivery of as...The real play here would be to take delivery of as much non-tungsten infused comex gold as you can before they shut it down, short an equal amount of GLD. Wait about 6-12 months. You might have the lowest risk, highest return real gold trade on. <br /><br />As to your investment buddy, points to true size of real gold market. Try running 20,000 shares through GTU...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-43225353839115735742010-05-25T20:17:04.556-06:002010-05-25T20:17:04.556-06:00good catch gyc - I missed thatgood catch gyc - I missed thatDave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-1791371943193370092010-05-25T17:52:58.417-06:002010-05-25T17:52:58.417-06:00Sprott to buy 6 tons of gold for PHYS? WOW!Sprott to buy 6 tons of gold for PHYS? WOW!EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-68764320154613934422010-05-25T17:37:07.963-06:002010-05-25T17:37:07.963-06:00LOL Rodd. In Colorado the marijuana grower supply...LOL Rodd. In Colorado the marijuana grower supply the "caregivers" with medical marijuana - it's the fastest growing source of tax revenue on the planet.<br /><br />Bronto: make sure you have plenty of margin and keep rolling those babies. If GLD gets exposed those things will double in less than a week, although you might have to take cash settlement. At least it will index gold. GLD will be Enron-ized...<br /><br />Anonymous re: congressman - oh man that's a funny visual - so true too.<br /><br />touche J MacDave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-19790776328143625352010-05-25T16:06:09.834-06:002010-05-25T16:06:09.834-06:00Best job market? For what? Meth dealers and mariju...Best job market? For what? Meth dealers and marijuana farmers?<br /><br />I don't know who wrote that piece of garbage, but the most popular jobs in Hawaii are public service related. That's why we're a broke ass state, and always will be.<br /><br />(FWIW, I work in the private sector. Ha!)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-87592898969263697772010-05-25T15:54:47.576-06:002010-05-25T15:54:47.576-06:00In a market collapse, how will small cap gold stoc...In a market collapse, how will small cap gold stocks do?<br /><br />Also, I own 2 long contracts of gold on the nymex, how will they do if GLD is exposed?<br /><br />Thanks.Brontosaurusnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-33252551839296690152010-05-25T14:44:46.927-06:002010-05-25T14:44:46.927-06:00If you ever want to see your Congressman turn seve...If you ever want to see your Congressman turn seven shades of vague, ask him, "Is it true that<br />the Treasury Department- "the people" owns no gold bullion whatsoever, but it is owned by the Fed?(which has no obligation to share with anyone)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-44152045226636680022010-05-25T14:21:02.250-06:002010-05-25T14:21:02.250-06:00Ugly Dollar Day, Barfed Up Huge Gains.Ugly Dollar Day, Barfed Up Huge Gains.John Machttp://www.dollarswapmynutsack.orgnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-13418910265173785142010-05-25T14:15:33.524-06:002010-05-25T14:15:33.524-06:00Playing Devil's advocate for a moment: If the ...Playing Devil's advocate for a moment: If the market is so rigged, why would someone put their hard earned money into it and if the fraud is so easily exposed, why are "they" still getting away with it?<br /><br />The only way for a small investor to make a buck in this is to have physical bullion and sell at a nice spot price plus any premiums at the time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-57892015167774252222010-05-25T14:02:02.668-06:002010-05-25T14:02:02.668-06:00Rodd, my goal in life is to make you chuckle!
I s...Rodd, my goal in life is to make you chuckle!<br /><br />I saw clusterstock had a thing yesterday featuring the 20 best job markets. Honolulu was mentioned - was wondering what your take on that was...Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-78720011613298315282010-05-25T13:37:15.929-06:002010-05-25T13:37:15.929-06:00"I replied that the second GLD is exposed, GL..."I replied that the second GLD is exposed, GLD will go "no bid" and the only thing liquid will be the brown substance in your boxer shorts."<br /><br />LMAO!<br /><br />The only "safe" gold is physical gold in your possession. Period.Anonymousnoreply@blogger.com