Jim Sinclair - Full-Blown Panic As People Ask "Where Is The Gold?"

Discussion in 'Gold' started by Eruaran, Apr 24, 2013.

  1. Eruaran

    Eruaran Member

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    "Today legendary trader Jim Sinclair warned King World News about the full-blown panic that has erupted in both the financial world, and the gold market as well, as people ask, "Where is the gold?" Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say in this remarkable interview."

    Link to the full article at King World News:

    http://kingworldnews.com/kingworldn...wn_Panic_As_People_Ask_Where_Is_The_Gold.html
     
    Eruaran, Apr 24, 2013
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  2. worldbubble

    worldbubble Active Member

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    is there any other than JS?

    I really tired of the guy ... need for new face
     
    worldbubble, Apr 24, 2013
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  3. menotcrimex

    menotcrimex Member Silver Stacker

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    Jim says Now what has recently happened is that the physical market has taken on a life of its own, and the warehouse supplies at the COMEX on gold have come down substantially. There hasn't been anyone standing for full delivery or any headline-making demands, but if you take a look at the condition of the gold warehouse at the COMEX, you will see that it has declined substantially.

    Ok I would like to take a look at the condition of the gold warehouse at the COMEX!

    But Jim or anyone how do we do that?

    Edit: ok perhaps he means this? http://www.cmegroup.com/trading/energy/nymex-delivery-notices.html
     
    menotcrimex, Apr 24, 2013
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  4. AngloSaxon

    AngloSaxon Active Member

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    If that is all true... The plot thickens.
     
    AngloSaxon, Apr 24, 2013
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  5. pmbug

    pmbug Active Member

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    pmbug, Apr 24, 2013
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  6. Midnight Man

    Midnight Man Member Silver Stacker

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    So - am I reading this correctly... on April 9, three days before the price drop, the COMEX chart was already showing large decrease in available stock?

    To my mind, this reads that the "run" on physical gold began somewhere in January, and the recent price drop has only exacerbated the situation?

    This requires some thought and reflection...
     
    Midnight Man, Apr 25, 2013
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  7. pmbug

    pmbug Active Member

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    Correct, the run on physical inventories started a few months ago, but as you can see from the charts, accelerated steeply. Tekoa Da Silva just posted an update:
    More: http://bullmarketthinking.com/comex...over-7-8b-disappearing-from-all-depositories/
     
    pmbug, Apr 25, 2013
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  8. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    [​IMG][​IMG]
     
    Clawhammer, Apr 25, 2013
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  9. pmbug

    pmbug Active Member

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    ZH takes a look at the story too:
    More: http://www.zerohedge.com/news/2013-04-24/just-what-going-gold-jpmorgans-vault
     
    pmbug, Apr 25, 2013
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  10. AngloSaxon

    AngloSaxon Active Member

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    There may be paper traders saying this right now.....?


    [youtube]http://www.youtube.com/watch?v=v46plhmxXU4[/youtube]
     
    AngloSaxon, Apr 25, 2013
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  11. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    ^^^
    People in the office are looking at me turn red like a beetroot :)
     
    Clawhammer, Apr 26, 2013
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