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$1,600 gold ‘totally within reason’ as almost perfect storm boosts bullion to highs not seen in years

https://business.financialpost.com/investing/1600-gold-totally-within-reason-as-almost-perfect-storm-boosts-bullion-to-highs-not-seen-in-years

http://futures.tradingcharts.com/marketquotes/SI_.html

Sunday. nite gold was u7 $27+ and by morning. was down a few…then ended the. day.  up. $6…DOW. futs.  are.  up 87 but Asia if. flat to. down. a smidge–except the Nikkei–up. a lackluster 31 pts…the.  dollar’s. up. a. tad…bonds are green.  a bit…so G*d only. knows what the picture will look like by morning…

but silver looks like it wants to move up again – up $.11

Fighting Escalates Dramatically As Both Sides Prepare For “The Final War” Between Israel And Iran

https://www.zerohedge.com/news/2019-08-27/fighting-dramatically-escalates-both-sides-prepare-final-war-between-israel-and

Given that the only ones who can withdraw metal are the approved cronies … you still have to think that at some point the cronies demand will overwhelm the availability of the metal. Seems inevitable.

Re GLD

When it was first proposed I thought, no way do the scum allow such a convenient way for investors to buy PM’s, particularly the ones barred from futures….and then when it was agreed first time even more surprised.

However when one realises that no one audits the actual metal held, it becomes obvious, that metal held is more than likely a paper promise from the tame bullion desk…..

An inversion of any type might sound ominous, but this one is likely a good thing for stocks. For an investor aiming to hold something for the long term, equities are looking relatively attractive, according to Bespoke co-founder Paul Hickey.

“The takeaway is, if you can get an annual yield from a company that’s going to pay you more than the 30-year Treasury and the company has a history of raising its dividend, for the long term, it’s a better alternative than a Treasury,” Hickey said.

JJ Kinahan, chief market strategist at TD Ameritrade, also says the hunt for yield might help support stocks — at least in the near term. Investors will continue to seek out more “safe stocks” — particularly those in the S&P 500 that offer an attractive dividend but have less perceived downside risk in a trade-related sell-off.

“it’s been such a long time.”

LOL LOL LOL!!! That’s the understatement of the year! It’s been a friggin eternity! 🙂

…after an initial dipsy-doodle, gold is a dollar up, and silver is unchanged.

“for every thing there is a season, and

for every time there is a purpose.”

…ecclesiastes 3: 1-8 (kjv)

Hypothecate – that was the word I was looking for. With the exception of a few major clients that have somehow gotten their paws on their gold to re-hypothecate it some more, I bet there’s nothing there.

So nice to be on the winning side for a change. it’s been such a long time.

if. they. give it up later…gold’s down 70 cents and silver down a penny…could be an.  interesting night…

A lot of it has probably been loaned out and sold but still shows up on their books.

Can you spell hypothecate? Their vault has a computer sitting there. 🙂

CoinGuy – would like to think that the SM is in some serious trouble here but it is continually propped by a headline here or there, which the algo’s jump on and turn guys like Gartman from bears into bulls overnight. As you say though, Old Habits Die Hard…. 🙂

Ipso, Maddog – Honestly, I’m wondering if there’s even 10% of unencumbered gold in GLD. I have my doubts. It wouldn’t surprise me if they replaced the physical with some sort of rotating futures that they add to the funds fees.

Brings a tear to the eye, chokes me up, and reminds me of any unfinished business I’ve got to do.

Chuckle

I sure would like to know that actual percentage of physical in the GLD. We know it’s less than 100%, but how much less? Very likely GLD is one of the tools the cretins use to keep the POG down. 25% physical? 50%?

Pretty good close for pm’s and weak for the SM.

Always hoping for that $50 up day, actually hoping for a series of them. 🙂

I do seem to remember 235 HUI being a bit of a bump, but just not sure how much this time around. The shares haven’t really moved that much compared to years past.

can we monetize. your wisdom? Got ant. trades for us? If not that’s fine…furnishing. us. with good.  roadmaps is helpful then we can mke our. own decisions.

then having a bad night–down 300. or so….ANNNNNNND gold being up $20-$25. overnite–then. up $50 tomorrow an ole $50 or so—that. would break a Cartel rule of no follow through to dampen. excitement. over gold…lots of Cartel. rules have been broken so maybe it’s. time for some follow thru.

Re Shorts…..according to the CoT’s yes they keep adding…but with all the other lies and games, I for one have a very cynical view of the CoT’s.

But….we would surely have another 0 or two, if they ever really covered.

I am still waiting for when someone finds damn all physical in GLD etc…..

https://www.dailymail.co.uk/sciencetech/article-7399645/Amateur-metal-detectorist-45-unearths-rare-haul-1-000-year-old-coins-Battle-Roslin.html

“Sit tight” Got it! 🙂

I can’t imagine losing my positions. After so many years … I can take a punch!

Doesn’t seem like we’ve seen much short covering on the crimex. The cretins just seem to get shorter and shorter … and yet still we have this amazing break out. When is the physical going to run out?

I sure hope Fort Knox’s hoard is not sitting in Bejing!

https://finance.yahoo.com/quote/%5EDJT?ltr=1

I hear them caw-aw-aw-ling. to me…