tag:blogger.com,1999:blog-7982981413278241287.post4757836222465777938..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Silver (and Gold) May Be Set-Up To Launch and the HUI To Do A MoonshotDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-7982981413278241287.post-76850340994334412832010-11-28T09:20:28.444-07:002010-11-28T09:20:28.444-07:00Dave, Great commentary, again.
Are you in RBY? Ru...Dave, Great commentary, again.<br /><br />Are you in RBY? Rumors of an imminent release of a 43-101. The stock was moving Friday.<br /><br />Also, If someone stands for delivery and exposes the game, what will stop Da Boyz from changing the rules a la the Hunt Bros. episode, to allow selling only? And would it work to crater the metals?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-45291958414584212010-11-27T21:32:17.817-07:002010-11-27T21:32:17.817-07:00http://www.telegraph.co.uk/finance/currency/816334...http://www.telegraph.co.uk/finance/currency/8163347/Putin-Russia-will-join-the-euro-one-day.htmlBillnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-34046036576463742532010-11-27T20:04:37.850-07:002010-11-27T20:04:37.850-07:00Damn applesbear. thanks for pointing that out. my...Damn applesbear. thanks for pointing that out. my original chart template was HUI/GLD and I changed it to GOLD w/out putting in the "$." I guess writing a blog post first thing in the morning from bed on my laptop is not the best way to foster attention-to-detail. lolDave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-27140551548779504302010-11-27T20:02:40.157-07:002010-11-27T20:02:40.157-07:00re: tier 2 capital. That's great color. I ha...re: tier 2 capital. That's great color. I have not heard about the bond washing as it relates to BAC but it wouldn't surprise me. BAC is technically involvent if they had to do a true mark to market of their assets. I'm sure they do whatever than can, like bond washing, to create the illusion of liquidity.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-64171592234820341662010-11-27T17:47:17.215-07:002010-11-27T17:47:17.215-07:00Dave,
You seems to have missed out the $ before g...Dave,<br /><br />You seems to have missed out the $ before gold in your chart and in fact have plotted HUI/Randgold Resources.ApplesBearnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-11186508311953150032010-11-27T16:38:26.842-07:002010-11-27T16:38:26.842-07:00Dave,
I don't know if you have noticed but a ...Dave,<br /><br />I don't know if you have noticed but a lot of<br />what used to be called Tier 2 capital in London and elsewhere outside of the US in the major banks doesn't really move. For example the <br />Japanese particularly operate in trading groups<br />intermediated by the old national government banks. Names and ownerships change but the principal remains. They finance themselves particularly the capital markets subsidiaries through corresponding bond issues. The banks issue medium or long term paper which is bought by a subsidiary of a trading house and the banks in turn lend a short term six month acceptance credit against the their own paper to pay for the issue. The banks hold their own bond in the safe as security and the matching loan and deposit in the trading house are mute on the right of offset in the event of wind-up. This creates unlimited ammounts of what used to be called Tier 2 capital on demand and underlies a considerable amount of overseas trading. The coupon on the bonds and the short term loan are back to back so money passes hands except as an accounting entry and when you look at what used to be called Tier 2 bonds they are totally moribund and don't appear to be affected by credit downgrades.<br /><br />Of course what we are talking about is not just limited to the Japanese but is common across the the bond markets worldwide. In effect we have far less capital in the system than one would think. This is what BCCI did to finance virtually it's whole operation from Abu Dabhi. <br /><br />One of the banks whose name comes up in the context of bond washing from the Gulf is BAC? Have you heard anything about this. Because if it is true a lot of the bonds are going to be paid straight out of the customer accounts if it winds up.<br /><br /><br /><br /><br /><br /><br /><br />their own bond as security so it is nearly zero risk weighted and theAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-60061966419882840492010-11-27T16:20:33.076-07:002010-11-27T16:20:33.076-07:00I think it's likely we break up and thru resis...I think it's likely we break up and thru resistance, but I can see where it's confusing.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-22374008674132734172010-11-27T13:10:07.305-07:002010-11-27T13:10:07.305-07:00Hi Dave,
I don't understand this comment on t...Hi Dave,<br /><br />I don't understand this comment on the HUI/Gold ratio : <br /><br />"It has bumped up against resistance again and appears to be headed lower. If this is the case, the mining stocks are likely to outperform gold/silver for a while." <br /><br />If the ratio is headed lower, wouldn't that mean that mining stocks would be underperforming gold ?Fessnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-13639903865553408572010-11-27T12:12:04.844-07:002010-11-27T12:12:04.844-07:00Your guess is as good as mine. I think Embry or T...Your guess is as good as mine. I think Embry or Turk or someone like that thinks we could see $50 silver by the late spring if a squeeze scenario plays out.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-77199301326621574642010-11-27T11:35:29.864-07:002010-11-27T11:35:29.864-07:00Dave,
I appreciate the post on a slow holiday wee...Dave,<br /><br />I appreciate the post on a slow holiday weekend. Care to elaborate on what a Silver price explosion would look like?<br /><br />Joe M.Joehttps://www.blogger.com/profile/16005483996588605077noreply@blogger.com