OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Am I so smart or is Dan so dumb?

I have some GOOD news for gold bulls fortunately – GLD share owners have been redeeming shares for gold all week long, as the price has moved up from below the $1200 level.

Simply put – the weak hands of investors/traders (margined futures gamblers) are moving money out of Gold futures and licking their wounds during this gold bottoming period.

Rallies in GLD are thus being viewed as redeeming opportunities for big GLD share owners that want physical possession, not trusting the managers on GLD. This is NOT what banks and gov’ts want to see.

For this year, 2014, reported GLD gold holdings have been WITHDRAWN by 38 tons from the start of the year ( 38.78 to be exact ) to 759.44 tons. This is the lowest level of physical Gold being in-trusted to GLD management, since December 2008!

That is NEARLY SIX YEARS AGO. Western-origin paper gold buyers demand continues to disappoint banks and gov’ts that years ago fooled little people into putting up the cash (finance) so banks and gov’ts could stock pile gold in their ETF management.

I remember when the GLD ETF was reporting very large accumulations of physical gold. Sinclair and others commented on it because it seemed to have ZERO effect on the actual price of Gold.  And, we asked ourselves …How can this be? How is this possible?

Don’t count him out just yet. It ain’t over till its over. I think what he suggests has lots of possibilities. There has to be some reason for the PM’s to be under such severe lockdown. Is that reason that they know there is some kind of reset going to happen so they want as few people in the sector as possible when it happens??

This may be the reason for the creation of all the ETF’s too. ETF’s are derivatives and if what he suggests should happen, IMO all the ETF’s will de-list and all those in the ETF’s will lose their investments as the counter parties immediately default.

We keep hearing about the tons of gold, for example in GLD, but IMO there has never been any physical gold in GLD. I read the original charter when Goldman Sachs created GLD. It had a few interesting facts. (1) All gold would be stored in an undisclosed warehouse location in London, and (2) no audits would be permitted of that gold, and (3) only large holders of GLD shares (I think over 100,000 shares) would qualify redeem their shares for physical gold.

Once I understood that all the ETF’s are derivatives that are used to control the markets I have never again used them for investing or trading. My advice is to buy a few select miner stocks rather than the ETF’s. Then sit tight and wait to see if Harvey Organ proves to be right.

Silverngold

thanks

mmmuuhum…

“Hyperconnectivity” is a term that describes a defining feature of contemporary society.

Thanks to the Internet, mobile technology and increasingly the Internet of Things, people, places, organisations and objects are linked together like never before.

More than a technological trend, hyperconnectivity is a cultural condition to which businesses have no choice but to adapt. But what does is it mean for companies, industries and consumers?

This document summarises a new report, written by The Economist Intelligence Unit and sponsored by SAP, that provides insight into the economic impact of hyperconnectivity and how businesses are beginning to adapt to it.

Key findings include: Read more

For me I right click the word and select  from the menu provided.

as we post if a word is misspelled a red line underscores the misspelled word .. is there a feature that will give the correct spelling of that word .. like a spell check say on aol before you email ..

Now I know how it feels to have someone shoot the Easter Bunny right before my eyes.

Has he figured out why the GLD inventory is at the same level as it was back in 2008 when the price of gold was $800?

Saudi Arabia to pressure Russia, Iran with price of oil

Saudi Arabia will force the price of oil down, in an effort to put political pressure on Iran and Russia, according to the President of Saudi Arabia Oil Policies and Strategic Expectations Center.

Saudi Arabia plans to sell oil cheap for political reasons, one analyst says.

To pressure Iran to limit its nuclear program, and to change Russia’s position on Syria, Riyadh will sell oil below the average spot price at $50 to $60 per barrel in the Asian markets and North America, says Rashid Abanmy, President of the Riyadh-based Saudi Arabia Oil Policies and Strategic Expectations Center. The marked decrease in the price of oil in the last three months, to $92 from $115 per barrel, was caused by Saudi Arabia, according to Abanmy. 

With oil demand declining, the ostensible reason for the price drop is to attract new clients, Abanmy said, but the real reason is political. Saudi Arabia wants to get Iran to limit its nuclear energy expansion, and to make Russia change its position of support for the Assad Regime in Syria. Both countries depend heavily on petroleum exports for revenue, and a lower oil price means less money coming in, Abanmy pointed out. The Gulf states will be less affected by the price drop, he added.

http://www.zerohedge.com/news/2014-10-10/why-oil-plunging-other-part-secret-deal-between-us-and-saudi-arabia

 Maybe they are selling the GLD  and buying Gold physical.  Like the 12.5 kg bars.

I have some further bad news for gold bulls unfortunately – GLD, that big gold ETF has been disgorging gold all week long even as the price has moved up from below the $1200 level. Simply put – investors/traders are moving money out of GLD and out of equities and putting that into bonds during this risk aversion period. Rallies in GLD are thus being viewed as selling opportunities. This is NOT what gold bulls want to see.

For this year, 2014, reported gold holdings are down over 38 tons from the start of the year ( 38.78 to be exact ) to 759.44 tons. This is the lowest level in GLD since December 2008! That is NEARLY SIX YEARS AGO. Western-origin gold investment demand continues to disappoint.

Harvey was saying that “true price discovery” would happen….Ha Ha!  It opened with absolutely no change of  trading on the Comex–as for a default due to lack of physical on the comex, we have been hearing that one for the past 10-15 yrs….reminds me of the eternal wait for the Messiah….

This is a main average of all internet gurus out there, now I have been forced to support this view:

Gold: $1040-1080
Silver: $15

Life’s a germ and germs life. They have enough of those critters to make you worse than dead but mix up the pot to make you wish you were dead. If you don’t think for a minute a plane flying by couldn’t drop something on you? Guess you didn’t notice their halo might be on a little crooked sometimes.

THE United States has reportedly warned Zimbabwe about its growing economic dealings with Russia after Harare recently sealed an agreement with Moscow for a US$3billion platinum mine.

According to Herald columnist Nathaniel Manheru, who is thought to be President Robert Mugabe’s spokesman George Charamba, the Obama administration threatened further sanctions against Zimbabwe over its ties with Russia.

Manheru’s claims could not be verified with the US embassy in Harare late Friday night.

The US has imposed sanctions against Moscow, tightening restrictions on major Russian state banks and corporations, after accusing the Kremlin of providing military backing to Ukrainian separatists and generally destabilising the region.

Zimbabwe’s Pen East Investments has teamed up with Afronet, a consortium of three Russian partners, to form Great Dyke Investments, which is developing the US$3 billion Darwendale platinum project.

At full development in 2024, the mine will produce 800,000 platinum ounces, pushing Zimbabwe’s output over one million ounces, and create 8,000 jobs.

Russian foreign minister Sergey Lavrov visited Zimbabwe last month to conclude the deal with President Robert Mugabe.

However, according to Manheru, the deal could see Washington hit Harare with further sanctions.

Wrote Manheru in the Saturday Herald: “A week or two ago, the US government, through its local embassy, sent an official communication to the Zimbabwean Government, listing the full measure of sanctions the West, led by America, have slapped on Russia.

“The communication went further. Read more