02 « March « 2015 « OASIS FORUM

March 2015
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Eeos

Posted by goldielocks @ 11:16 on March 2, 2015

We might hit another low this month. Not concentrating to much but when I do will be concentrating on my own trading no time for anything else and waist of time any who.

buygold

Posted by eeos @ 10:59 on March 2, 2015

%#*$ #$*$@!!! this morning. ha

Could China actually have 30,000 tonnes of gold in reserves?

Posted by ipso facto @ 10:50 on March 2, 2015

My attention has just been drawn to a note put out by a very well respected analyst and China follower which postulates that China could actually be holding as much as 30,000 tonnes of gold in various government accounts and that within the next three years the nation will link the yuan to gold. The nation’s official holding is only 1,054.6 tonnes as reported to the IMF, but there is widespread belief that it has been accumulating additional gold over the past several years, perhaps to the tune of around 5,000 tonnes while holding this in separate non-reportable (as China considers them) accounts. But, of course, this does not include previously high volumes of gold which may also have been bought, and stored, in the past, and again never reported as official holdings.

So what are China’s real gold holdings? The 30,000 tonne figure has come from Simon Hunt of Simon Hunt Strategic Services (Hunt was the Hunt in Brook Hunt, one of the world’s top metals analytical teams now absorbed into Wood Mackenzie) in his latest ‘Thought for the Day’ letter to his clients in which he comments that “China has much more gold than it is allowing the world to see. As Alasdair Macleod, probably the world’s number one analyst of the gold market, wrote that between 1983 and 2002 China probably accumulated 25,000 tons of gold. Thus, its current gold holdings are probably north of 30,000 tons in contrast to the USA which has either sold or leased most of its gold.” Now this statement coming from one of the usual gold megabulls might be ignorable, but Hunt does not fall into this category and has a good track record of insights into China’s strategic initiatives as far as metals and minerals are concerned.

more http://www.mineweb.com/news/gold/could-china-actually-have-30000-tonnes-of-gold-in-reserves/

Morning Scruffy

Posted by Buygold @ 10:10 on March 2, 2015

That was the easiest call I’ve ever nailed.

The ridiculousness of pm’s never ends.

That might chill relations a bit …

Posted by ipso facto @ 9:44 on March 2, 2015

The Bethlehem-based news agency Ma’an has cited a Kuwaiti newspaper report Saturday, that US President Barack Obama thwarted an Israeli military attack against Iran’s nuclear facilities in 2014 by threatening to shoot down Israeli jets before they could reach their targets in Iran.

Following Obama’s threat, Prime Minister Binyamin Netanyahu was reportedly forced to abort the planned Iran attack.

According to Al-Jarida, the Netanyahu government took the decision to strike Iran some time in 2014 soon after Israel had discovered the United States and Iran had been involved in secret talks over Iran’s nuclear program and were about to sign an agreement in that regard behind Israel’s back.

The report claimed that an unnamed Israeli minister who has good ties with the US administration revealed the attack plan to Secretary of State John Kerry, and that Obama then threatened to shoot down the Israeli jets before they could reach their targets in Iran.

more http://www.israelnationalnews.com/News/News.aspx/191966#.VPR2-sJ0yM8