Yessssss!!!! Gold Always believe in .... Gold, Your indestructible, GOLD!!!

[Letsbereal]

Stephen Leeb - China Gold Consumption Going Exponential
21 September 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/21_Stephen_Leeb_-_China_Gold_Consumption_Going_Exponential.html

[TahoeBlue]

Bullion Vaults Run Out of Space on Gold Rally
21 September 2011, by Chanyaporn Chanjaroen, Nicholas Larkin and Debarati Roy (Bloomberg)
http://www.bloomberg.com/news/2011-09-21/bullion-vaults-running-out-of-space-as-gold-rally-accelerates-commodities.html

‘Ultimate Asset Bubble’

Malca-Amit Global Ltd., owner of two gold vaults at the Singapore FreePort and looking to add another, may see revenue from precious-metals storage in the city state climb by 30 percent next year, said Ariel Kohelet, executive director of Malca-Amit Singapore Pte.

The surge in demand is a warning to some investors. George Soros called gold “the ultimate asset bubble” in 2010. Soros Fund Management LLC, founded by the 81-year-old billionaire, sold 99 percent of its stake in the SPDR Gold Trust and all shares in the iShares Gold Trust in the first quarter, a U.S. Securities and Exchange Commission filing in May showed.

“We are now in the final, overheated phase of gold’s protracted bull market,” Chris Eibl, a partner at Zug, Switzerland-based Tiberius Asset Management AG, which has $2.8 billion in assets, wrote in a report distributed Sept. 15. Gold “is already so overbought in the wake of panic selling of bank stocks that a calming of the European financial markets could well trigger a tactical pullback by about $200 to $300.”

[Letsbereal]

Dan Norcini - Huge $17 Gold & $2.48 Silver Premiums in China
21 September 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/21_Dan_Norcini_-_Huge_$17_Gold_%26_$2.48_Silver_Premiums_in_China.html

Excerpt:

“Earlier today your source out of London mentioned the Chinese were paying a $17 premium for gold and an astounding $2.48 premium for silver vs the COMEX over in Shanghai.  

This is absolutely incredible and you can see it in the charts.  

The support that is underneath this market is rock solid -- that’s the Asians who are buying in the London and COMEX markets.”

“As I read that piece, Eric, it was a confirmation of the technical action that has showed very strong buying below the $1,800 level and it keeps forcing the market back up rather quickly.

Yesterday it appeared that the buyers were waiting to see if they could pick up some gold at cheaper prices, but today they lost patience and you could see the concerted buying effort, which took gold right back above the $1,800 level.

When the Western central banks started their assault on the gold price about two weeks ago, they took the price of gold down over $60 in one minute’s time in the thin trading conditions in the access market.

It was an attempt on their part to induce enough long side liquidation by the speculative community, particularly the hedge funds.  

It was also an attempt at trying to entice them into a sell mode to help drive the gold price lower.

This has been the pattern for Western central bank gold price manipulation, the attempt to get others to continue the selling for them once they initially pull the trigger.

Well, what’s been happening is that when the hedge funds have been selling, instead of the gold price cascading sharply lower, the gold price is finding buyers.

It will not collapse, they cannot create the normal avalanche of selling, even with hedge funds liquidating 67,000 long contracts because of what is taking place in the physical market.

Somebody is obviously coming into this market and buying in size, in sufficient quantities, which is thwarting the central bank manipulation efforts dead in their tracks....

“Because they cannot get any traction at all to the downside, the bullion banks and the swap dealers are having to cover into these shallow drawdowns in price.

They simply don’t have a choice as a very powerful force is standing in the way of further downside action.

The physical buying by the Chinese and other Asian participants is forcing the bullion banks and swap dealers to come in and cover their short positions prematurely.

All I can tell you is that as long as those big buyers are coming in from Asia, the bears are in trouble.

----

The bottom line is the mining shares are advancing, which is one more thing making it that much more difficult for the commercials to break the gold price.”

[Letsbereal]

'Fed pulls the ‘twist’ trigger' http://forum.prisonplanet.com/index.php?topic=217842.0 and

'UK QE To Resume In October' : http://forum.prisonplanet.com/index.php?topic=217844.0

Needless to say that's all very bulish for Gold!

That means time for a an other Gold Party!!! http://www.youtube.com/watch?v=SwB0ZJbwmpw

and Goodiez Highres: http://collider.com/wp-content/uploads/the-devils-double-movie-poster-01.jpg

I Love Gold! http://www.youtube.com/watch?v=sr0gNJ090JA

Jimmy Helms – Gold http://www.youtube.com/watch?v=C0jCl5EvBx4#t=53s

    “Dan Norcini: The Price Action In Mining Shares. Normally, in the past when there is a move down like we have seen recently, there is a washout in the mining shares, they would literally implode to the downside. Now, even when the gold price is attacked by the bears, the mining shares hold firm. Today the HUI gold bugs index actually closed within striking distance of the all-time highs. Look at Newmont, this is a stock that has gone almost straight up for the last month. Newmont announced that if the gold price stayed above $1,700, they were going to increase their dividend. Well, that’s good news if you own Newmont, but it’s horrific news if you have been shorting Newmont. These hedge funds have been playing that ratio spread trade where they have been buying paper gold and selling the mining shares. As we’ve been warning, that ratio trade is beginning to blow up on them as the mining shares are increasing their dividends. The bottom line is the mining shares are advancing, which is one more thing making it that much more difficult for the commercials to break the gold price.”

Quote From: Dan Norcini – Huge $17 Gold & $2.48 Silver Premiums in China, 21 September 2011, by Eric King (King World News)

Party Classic http://www.youtube.com/watch?v=eBShN8qT4lk

[Letsbereal]

Gold $2,000 is long, long due and they know it!

Are the gold manipulators realy that naive in thinking they can stop that?

All they’ve accomplished is putting more pressure on gold by luring in more buyers on the low side of the gold trade.

$1,800 gold is a rock solid bottom now also because of the ‘Asian gold put’.

If it breaks it could go trough $2,500 like it wasn’t there thanks to the gold manipulators.

It’s like pushing a basketball fully under water putting up more upside pressure ones totally under.

[Jordan]

Gold $2,000 is long, long due and they know it!

Are the gold manipulators realy that naive in thinking they can stop that?

All they’ve accomplished is putting more pressure on gold by luring in more buyers on the low side of the gold trade.

$1,800 gold is a rock solid bottom now also because of the ‘Asian gold put’.

If it breaks it could go trough $2,500 like it wasn’t there thanks to the gold manipulators.

It’s like pushing a basketball fully under water putting up more upside pressure ones totally under.

I for one am glad they pushed it down. I'd take even more if they want to make it so.

[Jordan]

Looks like I get my wish

[Letsbereal]

Looks like I get my wish

It surely seems so with gold's low at $1,725 and high at $1,746 today http://www.goldprice.org/spot-gold.html

[Letsbereal]

Gold juste bounced off $1,629 bottom http://www.goldprice.org/spot-gold.html

BTFD!

Marc Faber was right again!

[Jordan]

Gold juste bounced off $1,629 bottom http://www.goldprice.org/spot-gold.html

BTFD!

Marc Faber was right again!

It's not over yet.

[Letsbereal]

CME Group Increases Margins for Gold, Silver Contracts
24 September 2011, by Debarati Roy (Bloomberg)
http://www.bloomberg.com/news/2011-09-23/cme-group-increases-margins-for-gold-silver-contracts-1-.html

Excerpt:

CME Group Inc. increased the margin requirements on gold and silver trading after prices of the metals plunged in the last two days.

The minimum cash deposit for gold futures will rise 21% to $11,475 per 100-ounce contract in the speculative Tier 1 category at the close of trading on Sept. 26, Chicago- based CME said in a statement. ----

Comex is making it more expensive for speculators to trade after silver plunged the most since October 1979 and gold had its biggest two-day slide in 28 years.

Open interest for gold options climbed to a record 1.46 million contracts on Sept. 21, CME said.

“It’s likely that more speculators will exit the market, adding to selling pressure in the near term,” Marshall Berol, a co-portfolio manager of the Encompass Fund in San Francisco, said in a telephone interview.

The CME last raised gold margins on Aug. 24, when prices fell 5.6%, the biggest slump since March 28.

Gold futures for December delivery plunged $101.90, or 5.9%, to settle at $1,639.80. In two days, the metal dropped 9.3%, the most since February 1983.

The weekly decline of 9.6% also was the most since that year.

The 10-day historical volatility for gold jumped to 42.84%, the highest since March 2009, Bloomberg data show.


Basterds! This is clear market manipulation now the price is going down while they are the ones causing the volatility. But they can't win.

They can't beat the market pressure which only has increased now. Not decreased like they want you to believe.

The real market always wins in the end no matter.

[Letsbereal]

How Gold Performs During A Financial Crash
23 September 2011, by Plan B Economics (SeeKing Alpha)
http://seekingalpha.com/article/295567-how-gold-performs-during-a-financial-crash

[Jordan]

How Gold Performs During A Financial Crash
23 September 2011, by Plan B Economics (SeeKing Alpha)
http://seekingalpha.com/article/295567-how-gold-performs-during-a-financial-crash

Letsbereal I think you have been in this thread too long lol ---> http://forum.prisonplanet.com/index.php?topic=218019.0

[Letsbereal]

It's not over yet.

We'll see. I would be surprised if it goes much lower from here.

Letsbereal I think you have been in this thread too long lol ---> http://forum.prisonplanet.com/index.php?topic=218019.0

Donnow about that. Thought this was the gold thread to spam the Gold news

Silver here please (sticky): http://forum.prisonplanet.com/index.php?topic=191915.0

[Jordan]

We'll see. I would be surprised if it goes much lower from here.

Donnow about that. Thought this was the gold thread to spam the Gold news

Silver here please (sticky): http://forum.prisonplanet.com/index.php?topic=191915.0

I suppose it is but when it gets THIS big finding stuff is almost a waste of time.

[Letsbereal]

I suppose it is but when it gets THIS big finding stuff is almost a waste of time.

Your bet.

[Jordan]

Your bet.

I think it's going to go lower - but I'll know monday or actually Sunday night

[Letsbereal]

Faber expects dollar rally continuing so gold down:

Marc Faber to Reuters- You dont need the fed to tell you something is wrong http://www.youtube.com/watch?v=JQOAQzaESZo

Time for Greece to leave euro zone, says Marc Faber http://www.youtube.com/watch?v=2vct_EZ4jdc

Stocks suggest an “awfully wrong” global economy: Marc Faber http://www.youtube.com/watch?v=t4FiVAXRdQs

[Letsbereal]

KWN Weekly Metals Wrap September 24, 2011 - Audio http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/9/24_KWN_Weekly_Metals_Wrap.html

Also listen to:

Ben Davies Gerald Celente Interview on KWN September 24, 2011 - Audio http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/9/24_Ben_Davies.html

[Letsbereal]

Bob Chapman expects dollar decline continuing after a week so gold up

Market Havoc & Denver Live Drills: Bob Chapman Reports 1/3 http://www.youtube.com/watch?v=gZgPCuzvWmE

Market Havoc & Denver Live Drills: Bob Chapman Reports 2/3 http://www.youtube.com/watch?v=3aGcnhKBflw

Market Havoc & Denver Live Drills: Bob Chapman Reports 3/3 http://www.youtube.com/watch?v=RdQuX7lrmNA

[Letsbereal]

KWN Special - James Turk: “We are Looking at Another Lehman”
25 September 2011, Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/25_KWN_Special_-_James_Turk__We_are_Looking_at_Another_Lehman.html

Audio: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/25_KWN_Special_-_James_Turk__We_are_Looking_at_Another_Lehman.html

[Femacamper]

Man this gold price is just ridiculous...BUY NOW PEEPS!

[Jordan]

Asian markets are diving right now

[Letsbereal]

Asian markets are diving right now

Indeedy first gold seem to test the $1,630 levels cause the next low was 1,644 and then 1,638, 1,631.

But then gold fell of a cliff to a low of 1,605 after which an high of 1,619 after which it fell of a cliff again to a low of 1,570 to go to 1,582 were it is right now.


.... update 1,576 now .... 1,588 ... 1,585 ...

[Femacamper]

Gold just bounced off of $1549 and is up at $1564, maybe this will signal the uptrend. I think tomorrow we should see a different situation entirely from this crash scenario.

[Femacamper]

Currently up to $1592!

[adissenter2]

ratio for Silver to Gold is near 55 to 1

that is a buy position if I ever saw one

the tree of the physical holders is being shaken, who is picking up the fallen fruit?

[Letsbereal]

Indeedy first gold seem to test the $1,630 levels cause the next low was 1,644 and then 1,638, 1,631.

But then gold fell of a cliff to a low of 1,605 after which an high of 1,619 after which it fell of a cliff again to a low of 1,570 to go to 1,582 were it is right now.


.... update 1,576 now .... 1,588 ... 1,585 ...

Found a bottom at 1,536. And now 1,597. CRAZY!!!

UPdate 1,602 .... 1,616 ... 1,625 ahahaahaahahahaha!

http://www.goldprice.org/spot-gold.html

http://charts.kitco.com/KitcoCharts/

[planning4acrash]

CME Group Raises Comex Gold Margins By 21.5%, Silver Margins By 15.6%
 - http://www.kitco.com/reports/KitcoNews20110923DeC_CME.html

This is the reason for the correction, and we appear, God willing, to be simply re-testing the breakout that occurred at around $1480.

Expect more margin hikes and more corrections. But margin hikes always get priced in, very fast, and you can only hike margins a certain amount until you destroy all leverage and volatility in gold. At that stage, you only have the very stable physical market, with paper markets limited to industrial users, not speculators.

The margin hikes and subsequent corrections are therefore part of the process that will make physical gold the quasi-global gold standard, outside of the control of central banks, as it was prior to the 20th Century.

[Letsbereal]

This is better than a Roller Coaster Ride http://www.youtube.com/watch?v=Mr2IwRIw8fY

Is it over? lolz

[planning4acrash]

Check out the Real Estate Roller Coaster Ride: http://www.youtube.com/watch?v=kUldGc06S3U&feature=player_embedded

[Letsbereal]

Gold All Time High History Before April 28, 2011

GOLD ALL TIME HIGHS HISTORY – From Today’s Bottom at $1,536 oz

April 28, 2011 – $1,535.90 oz(for now) – $1,537.40 oz
April 29, 2011 – $1,569.30 oz
May 02, 2011 – $1,577.40 oz
July 13, 2011 – $1,594.90 oz
July 17, 2011 – $1,598.60 oz
July 18, 2011 – $1,607.90 oz
July 19, 2011 – $1,609.55 oz
------------------------------ Now at this level
July 24, 2011 – $1,622.99 oz
July 25, 2011 – $1,624.30 oz
July 27, 2011 – $1,627.73 oz
July 29, 2011 – $1,631.80 oz
Aug 01, 2011 – $1,632.80 oz
Aug 02, 2011 – $1,661.38 oz
Aug 03, 2011 – $1,675.90 oz
Aug 09, 2011 – $1,782.50 oz
Aug 10, 2011 – $1,814.80 oz
Aug 11, 2011 – $1,815.50 oz
Aug 18, 2011 – $1,845.30 oz
Aug 19, 2011 – $1,881.40 oz
Aug 22, 2011 – $1,911.52 oz
Aug 23, 2011 – $1,913.50 oz

Right now at $1614.86 oz http://www.goldprice.org/spot-gold.html

Bottomline: What it took gold to get there in about 1 1/2 month is now just happening in a couple of hours lolz!

[shipgeek]

Pardon my ignorance here...

what is Gold Bullion?
what does Bullion mean?

I am no Queen of Financial Markets

 

[Letsbereal]

Check out the Real Estate Roller Coaster Ride: http://www.youtube.com/watch?v=kUldGc06S3U

That was fun

Pardon my ignorance here...

what is Gold Bullion?
what does Bullion mean?

I am no Queen of Financial Markets

 

Bullion refers to the real physical gold on which you can bump your head.

specifically: uncoined gold or silver in bars or ingots. http://www.merriam-webster.com/dictionary/bullion

ingots: http://www.merriam-webster.com/dictionary/ingots

[shipgeek]

Bullion refers to the real physical gold on which you can bump your head.

specifically: uncoined gold or silver in bars or ingots. http://www.merriam-webster.com/dictionary/bullion

ingots: http://www.merriam-webster.com/dictionary/ingots

Thank you.

I wasn't sure if it meant paper gold or actual gold.
Now I know.

 

[Femacamper]

Now at $1625...could it reach $1700 today?

[Letsbereal]

Now at $1625...could it reach $1700 today?

Yeah, baby, yeah!


The story allready changed cause exactly right now gold’s at $1622.98 oz http://www.goldprice.org/spot-gold.html

April 28, 2011 – $1,535.90 oz(for now) – $1,537.40 oz

yada …. yada …

July 24, 2011 – $1,622.99 oz

—————————— Now at this level

July 25, 2011 – $1,624.30 oz

etc … etc …

So what it took gold to get there in about 2 months is now just happening in a couple of hours lolz!

[Letsbereal]

Somebody on the Zero Hedge comments ask me the Point Being? lOlz

So I said: “This is the point: What it took gold to get there in about 2 months is now just happening in a couple of hours lolz!

To spell it out for ya V O L A T I L I T Y.

This gold bash means notin if it can go up this quick.

And point being: St Patrick’s D’aquí ve which is my holiday.

Point being: Bring The Gold! http://www.youtube.com/watch?v=_qO66Rmi1Mw “


Golds at $1,630ties level right now http://www.goldprice.org/spot-gold.html

April 28, 2011 – $1,535.90 oz(for now) – $1,537.40 oz
Aug 01, 2011 – $1,632.80 oz

[planning4acrash]

bullion also refers to coins that are not numismatic. Sovereigns, krugerands, etc. are also considered bullion, because their price closely tracks the physical price.

Incidentally, the UK Telegraph no longer only quotes spot prices for gold. They quote, alongside this, prices for sovereigns, Krugerrand and maple leafs. And their price has hardly fallen, with the Monday quote being £260/sovereign. Expect spreads between bullion and paper spot price to expand over the coming time.

[TahoeBlue]

Gold vending machines already exist in Britain, the United States, the Middle East and Europe

http://www.luxuo.com/super-rich/gold-vending-machine-las-vegas-casino.html