Gold dump time

Discussion in 'Gold' started by Alfie, Oct 9, 2013.

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  1. Yeti Hunter

    Yeti Hunter Member

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    The Australian is picking up the manipulation meme: "Who's seeking to sink gold?" http://www.theaustralian.com.au/bus...ing-to-sink-gold/story-fnciihm9-1226739260094 (paywalled)

    The article actually doesn't go into a whole lot of detail, and it's mostly about other commodity metals, but this figure struck me pretty hard: 13 million ounces of gold were dumped onto COMEX within two hours on October 1 - that's almost 420 tonnes. Equivalent to half the GLD inventory. And last Friday, it was 2 million ounces (62 tons) in a single trade. What private investor is unloading two billion bucks worth of gold in a single hit?
     
    Yeti Hunter, Oct 15, 2013
    #61
  2. Alfie

    Alfie Active Member

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    Hi Yeti Hunter
    It's interesting to note the time reference to these coordinated dumps, the State's financial condition is in life support status, the 85 billion monthly injection helps keep the 10 year bond percentage rate from rising into terminal territory.
    Like the article said "After all, gold is the enemy of the money printers" somebodies motive of smashing its price helps the printers
    Naturally this my opinion only
     
    Alfie, Oct 15, 2013
    #62
  3. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    :lol:

    [​IMG]

    And I expect....

    [​IMG]
     
    wrcmad, Oct 17, 2013
    #63
  4. Alfie

    Alfie Active Member

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    Cricket?
    I knocked you for a six last week!:lol:
     
    Alfie, Oct 17, 2013
    #64
  5. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Of course you did..... :rolleyes:
     
    wrcmad, Oct 17, 2013
    #65
  6. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    C'mon Alfie c'mon, c'mon...
    That was a nice deflection to the off-side.
    This smackup was 4.30am NY time....
     
    wrcmad, Oct 17, 2013
    #66
  7. trew

    trew Active Member Silver Stacker

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    Woohoo! Go manipulators Go !
     
    trew, Oct 17, 2013
    #67
  8. Alfie

    Alfie Active Member

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    Ditto wrcmad, I notice you let these go through to the keeper mate

    The theme of your reply is in your own words "rumours are taken as gospel or "evidence""
    "If you are looking for a scape-goat for the price falls of the assets you are holding, then look to yourself"
    "I accept and take full responsibility for my investment decisions"
    "I also make sure I have contingency plans when prices go against me."
    As its a fact lesson, please show me in this thread where I:
    1) Admit I am a)holding assets and b)looking for a scape-goat when I simply QUESTION why this event took place in my example?
    2) Asked you about your investment methodology?
    3) Asked you what your contingency plans entail?

    What were your answers?
     
    Alfie, Oct 17, 2013
    #68
  9. Alfie

    Alfie Active Member

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    Alfie, Oct 17, 2013
    #69
  10. trew

    trew Active Member Silver Stacker

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    OK admit I had to google the meaning of the word :lol:

    and no, I'm not

    I simply believe the futures markets are manipulated by the traders in the big banks who play the little traders and take their money
    Everybody else is collateral damage
     
    trew, Oct 17, 2013
    #70
  11. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    I guess you don't have a theory for tonight's move?
     
    wrcmad, Oct 17, 2013
    #71
  12. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    +1
     
    wrcmad, Oct 17, 2013
    #72
  13. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    I had to look it up too.
    Then I had to look up part of it's definition "obsequiously". :/

    I'm not important, so trew can't be a sycophant. :)
     
    wrcmad, Oct 17, 2013
    #73
  14. TreasureHunter

    TreasureHunter Well-Known Member

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    TreasureHunter, Oct 17, 2013
    #74
  15. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Seems fair enough...

     
    wrcmad, Oct 17, 2013
    #75
  16. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Just can't help myself.... :lol: :p

    [​IMG]
     
    wrcmad, Oct 22, 2013
    #76
  17. SilverSurfer77

    SilverSurfer77 Well-Known Member Silver Stacker

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    That's chart wood :lol: :p
     
    SilverSurfer77, Oct 22, 2013
    #77
  18. tolly_67

    tolly_67 Well-Known Member

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    Ooiiiii........that's not the gold chart

    That chart measures my enthusiasm at work from starting time to just after knock off.....vertical scale 0 to 100%
     
    tolly_67, Oct 22, 2013
    #78
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