Sunday, May 12, 2013

Gold - The Perfect Storm.



  We will run a few stories, which caught our attention this week.

Maquire - Perfect Storm In Gold As LBMA & COMEX Collapsing
"So you have a perfect storm here.  This (Western gold) bullion is not coming back.  It’s being re-melted, cast into kilobars, and it’s ending up directly in Eastern hemisphere central bank and sovereign vaults.  And all of this time the bullion banks are calling for lower prices, and the mainstream media is touting a bear market.  The bullion banks are fully aware of this threat, and they are exiting these mismatched short positions."

TNR Gold: McEwen reckons gold stocks will rise in 2013 MUX, TNR.v





  Gold Melt Down stage 2 did not happen on Friday even with US Dollar popping up on Yen 100 line breakdown. After initial dive Gold has recovered very nicely in the second part of the day. Every hedge fund manager and their grandmother are Short Yen now. We will caution them that Apple style blood bath could be just around the corner. 
  Any thought about FED even just "considering the limiting of the Drug Supply" is totally unbearable for the Wall Street now, divergence between the Market and Real Economy is just frightening. So, we guess, that Mouth Open Committee will be preparing for the Operation Withdrawal like for the Second Coming. There will be a lot of talk, some faith and it will be going for a long, long time...
  Meanwhile China will graciously accept all the Gold thrown in the market.


Gold, US Dollar And Here’s What China Is Secretly Planning for the Yuan





  Few more pieces of the Puzzle are getting into their place now. Currency wars will claim the US Dollar Reserve Status as its first collateral damage.

China’s Gold Purchases From Hong Kong Expand to Record


Gold Is Trashed, Cash Is Confiscated - Stocks And Treasuries Are At All Time High.



  FED's mission is accomplished now? In coordinated actions Special Op Gold Wash Out has an attempt to kill confidence in real ultimate currency - Gold and Cyprus Deposits Confiscation showed the new blue print for socialist all around the world. Talking heads are screaming on CNBC: "What else would you Buy?" It looks like the secret of internal market youth is found by the FED and they will start to print Jobs, Oil and Gold any minute from now. Stocks and Treasuries will levitate now forever...
  The only problem is that all this exercise has unleashed so strong demand for the physical Gold as never before. The longer it goes - the harder will be the crash in the inflated markets coming down to the economic reality.



ZeroHedge:

Chinese Gold Imports Soar To Monthly Record On Insatiable Demand







Why There May Be a Lot Less Gold than We Realize

"Exactly How Much Gold Do We Have?

There's growing concern that a lot of official gold has been leased out into the market and that sooner or later, as happened back in the late 1990s, one or more parties, perhaps bullion banks or a metals exchange, would run into difficulty trying to meet a physical gold delivery commitment."







Enhanced by Zemanta

1 comment:

Robert Scott said...

Great post, Gold has been on a tear since late January, when the metal traded as low as $1,320 an ounce. But the rally kicked into high gear this week, with gold touching new highs every day except Monday.
buy gold online