$1800 gold

jpanggy · Aug 21, 2011

it has not stopped climbing .... will it stabilise any time soon

Ouch · Aug 21, 2011

There's something wrong with the gold charts?

Clawhammer · Aug 22, 2011

Ouch said:

There's something wrong with the gold charts?
Click to expand...

Silver chart had a spaz attack too!

jpanggy · Aug 22, 2011

the charts looks like a struggling person's pulse. sharp up and down.

Very volatile.

Clawhammer · Aug 22, 2011

This thread's hours are numbered... coming up on $US1900...maybe even tonite!

Perth Renter · Aug 22, 2011

Six people in line at the bullion desk of the Perth mint this afternoon. Loads of people looking at prices on the screen. Staff said they had a busy day.

Clawhammer · Aug 22, 2011

Clawhammer said:

This thread's hours are numbered... coming up on $US1900...maybe even tonite!
Click to expand...

Nup, See...I jinxed it... though to my defence..the fall of Tripoli and Ghaddafi and all that easy oil would have something to do with the plummeting gold price! :/

mmm....shiney! · Sep 19, 2012

Before week's end?? And there's a little sneak back to the past ^^^^^^^^ Where were you when Tripoli fell?

TheEnd · Sep 19, 2012

At least we now can finally see that the old fundamentals have and always will be true.... People have nothing else to turn to except for pm's. I see 1800 before weeks end possibly sooner.

thatguy · Sep 19, 2012

I see a raid before 1800 keep alert ppls

johnmorris · Sep 19, 2012

bang !

$1700aus

then back down! the tension, the drama !

mmm....shiney! · Sep 20, 2012

Doesn't look like it'll get there this week does it?

Having said that though there's a heap of PMI releases tonight, plus some unemployment and retail sales data from europe and the us.

Dogmatix · Sep 20, 2012

Looks like it will shoot through AUD $1700 in a minute... you could be right Shiney

Edit: Twas close. Head fake at 1698

mmm....shiney! · Sep 21, 2012

$14

thatguy · Sep 21, 2012

Source: Emanance

Source:Emanance
wow went up so fast something broke... gaps

rbaggio · Sep 26, 2012

Just hit AUD1700

JulieW · Sep 26, 2012

Jim Sinclair says 3500 easily and has nodded agreement at 4500.

http://www.jsmineset.com/

The final end game of QE3 to infinity, with a month or two off from time to time, will be a product of the long term viability of the Federal Reserve Balance sheet and the impact on the dollar there from.

Let's review what has transpired and begin to look at what will happen:

OTC derivative manufacturers and distributors sold fraudulent paper to almost every entity as clients of the Western world financial system. Inherently the OTC derivatives manufacturers and distributors had part of the transaction on their books. No problem as long as the entire scam was a "Daisy Chain," a connected set of transactions that has the appearance of risk but when all netted out equals almost zero.
Until Lehman was flushed, and flushed it was, most all OTC derivatives could have been netted to zero in a derivative resurrection bank. Losers would have rejoiced and winners would have declared war. However when Lehman was forced into bankruptcy it broke the "Daisy Chain" (a chain of near risk-less transactions when netted) of the OTC derivatives scam. At this point winners had won huge and loser had lost huge and there was no longer a means of repair to the quadrillion dollar scam. The problem has no practical solution other than transferring all losing paper to the balance sheet of the Federal Reserve where then it was anticipated no non-government "mark to market" audit would ever occur. It was the perfect hole to stick the junk into.
The size of the OTC derivative market stood at one quadrillion one hundred and forty four trillion as reported by the Bank of International Settlement, the counter internationally.
The Bank of international Settlements, seeing this outrageous number, changed their computer method of valuation to maturity assuming no failures and reduced the size of OTC derivatives of all kinds to a more acceptable but still huge number of $700 trillion notional value.
In the first and second round of QE the Federal reserve purchased OTC derivatives including the variety called securitized mortgage debt to remove them from the balance sheets of the Western world financial system, thereby improving the Western world's financial institutions balance sheet and preventing an international industry wide bankruptcy. That means the Federal Reserve has impaired its balance sheet in order to repair some of the balance sheet integrity of the Western world financial system. The amount they have purchased is significant, but not compared to total outstanding above more than one quadrillion dollars.
The reason for QE to infinity, QE3, is the failure of business activity in the Western world to pick up with early huge monetary stimulation so as to repair the balance sheet of the Western financial world financial system. The unseen crisis is the hidden weakness of the Western world financial system thanks to FASB (The gatekeepers of world accounting) which allows financial institutions internationally to hide their losses by valuing their paper at whatever the bank wants it to be with no reference to seek a market value, primarily because there is none to seek.
The crisis not seen by Fed observers is the true balance sheet condition of the loses on the trillions of dollar of worth-less paper fraudulent paper because numbers are given but no independent mark to market audit has been or is likely performed.
As QE3 to infinity moves ahead, the balance sheet of the Federal Reserve continues to acquire worthless paper in exchange for dollars. Junk moved onto the balance sheet of the US Federal Reserve as the common share of the USA, the US dollar, continues to expand exponentially.
The end game problem is an extended recessionary business conditions going into 2015 to 2017 wherein the supply of dollars continually expands, the US Federal Deficit grows, US state deficit spending continues to grow and the quality of the Federal Reserve balance sheet proceeds to deteriorate further.
Therefore the end game is the perception of the weakness of the lender of last resort, the Federal Reserve's Balance sheet, as it impacts confidence the US dollar and US interest rates.

Now you know what brings about the end game.

In the future I will do small simple articles dealing with the impact on markets of a to be Bankrupt Central Bank, the US Federal Reserve. The end game could come sooner, but only if there was an independent "mark to market" audit of the Federal Reserve inventory of worthless paper which remains unlikely no matter who wins the election in November.

Those of you invested in gold and silver vehicles of all kinds (with the exception of ETFs and futures) rest well this weekend. $3500 will easily be a place gold trades. The Canadian dollar and blasphemy to the euro snobs, the Swiss franc, remain go to vehicles for cash positions. Yes cash because you to not have to pay to own them as you do with a sovereign paper with negative interest.
Click to expand...

mmm....shiney! · Sep 26, 2012

The Canadian dollar and blasphemy to the euro snobs, the Swiss franc, remain go to vehicles for cash positions.
Click to expand...

Interesting that no mention was made of the AUD. I wonder if that is because the Loonie is a neighbour of the USD, so therefore it features more prominently in the mindset of the average US citizen. The Kanuk's $ has appreciated for much the same reason as ours.

And of course the Franc, well, it's long been viewed as a haven.

Dogmatix · Sep 26, 2012

And... splat.

TheEnd · Sep 28, 2012

1779 @ 12.30pm and still climbing!

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