Someone's hoarding gold for some reason...

[Trout]

http://www.bloomberg.com/apps/news?pid=20601012&sid=acH4WhPh1WJ0&refe...

Aug. 28 (Bloomberg) -- Rand Refinery Ltd., the world's largest gold
refinery, ran out of South African Krugerrands after an "unusually
large'' order from a buyer in Switzerland.

And the US mints ran out of gold 1 week back.

http://www.latimes.com/business/la-fi-moneyblog22-2008aug22,0,3114685.story

U.S. Mint runs out of 1-ounce gold coins as demand jumps
August 22, 2008

 

[dysentry]

It's been revealed that the Central Banks have been propping up USD by selling euro and yen.

After presidential elections, things are gonna turn nasty.

 

[madmansg]

those holding gold is down fifteen percent for the month.

http://finance.yahoo.com/q/ta?t=6m&l=on&z=m&q=c&p=m200,m50,m10&a=&c=&s=gld

 

[Trout]

those holding gold is down fifteen percent for the month.

http://finance.yahoo.com/q/ta?t=6m&l=on&z=m&q=c&p=m200,m50,m10&a=&c=&s=gld

Correction: Those who are holding electronic gold are down 15% for the month. For physical gold dealing on e-bay (physical delivery) for about US$1,100-1,300/oz or $35.50-42/g.

http://search.ebay.com/search/searc...ftrv=1&saprclo=&saprchi=&fsop=32&fsoo=2&fgtp=

 

[NgEjay]

Physical shortages of gold have been occurring for some time now, but the price action does not seem to reflect that.

It seems retail investors are hoarding up the metal while institutional investors are selling tons of paper. The latter situation is reflected in the decline in open interest in both gold and silver futures.

Commercials' short positions have dropped to their lowest level for a long time, which of course is normally a necessary precondition for a substantial rally. However, that conflicts with my expectation that oil will fall to $90 and the dollar will strengthen further.

E-Jay

 

[Ah Guan]

Michael Phelps?

 

[Lentor]

Michael Phelps?

for all you know, the true buyer might actually be someone from sinkieland.

 

[dysentry]

Regulators shut down Integrity Bancshares Inc. of Alpharetta, Ga., on Friday and sold all deposits to Regions Financial Corp. of Birmingham, Ala., marking the 10th U.S. bank failure this year.

Integrity, a suburban Atlanta community bank founded in 2000, had been under regulatory scrutiny since early this year as it ran out of capital and struggled under the weight of rising loan defaults, a common problem across the country as banks face the consequences of the real-estate bust.

 

[Trout]

http://www.cnbc.com/id/15840232?video=835874978&play=1

Gold Price Manipulated?
The recent drop in the price of gold could be due to mass market manipulation, according to a new report. Jill Leyland from World Gold Council and Evy Hambro from BlackRock discuss.

http://www.cnbc.com/id/15840232?video=835874978

 

[madmansg]

gold is purchase by indians and chinese and as their stock market tank , gold also become less in demand. Warren buff say that the enduring value is still stocks in the good USA.

 

[Trout]

gold is purchase by indians and chinese and as their stock market tank , gold also become less in demand. Warren buff say that the enduring value is still stocks in the good USA.

If you put $10,000 in the S&P 500, NASDAQ, and DOW in January of 2000 you would have actually lost money. Even after almost 9 years, the DOW is up only about 1 percent, the NASDAQ is down 37%, and the S&P 500 is down 10.35%. So much for that 10 percent solution. After a decade given the U.S. Dollar destruction plus stagnant wages you actually lost much more in real terms if you left your money in these markets. Most books nearly follow this investing philosophy like a Wall Street religion but many are now figuring out that something is rotten in Denmark. Even the sage Warren Buffet who has had 42 years of stellar returns is seeing some problems. Since 1965 Warren Buffet’s Berkshire Hathaway had only one down year in 2001 and that was a 6.2 percent drop. Take a look at the data from their annual shareholder letter:

*Source: Berkshire Shareholder Yearly Letter

How is Berkshire doing this year?

Berkshire Hathaway is down 17.62% for the year. The worst year to date performance ever. If the sage of Omaha is having problems with this economy are you really going to think some over the counter guru is going to have the magic bullet for every American to become the next Donald Trump?

 

[madmansg]

if after ten year market go nowhere that means is cheap. Just take a look at the long term chart and you will see it is cheap

http://finance.yahoo.com/q/ta?t=my&l=on&z=m&q=c&p=m200,m50,m10&a=&c=&s=ge

http://finance.yahoo.com/q/ta?t=my&l=on&z=m&q=c&p=m200,m50,m10&a=&c=&s=dow

http://finance.yahoo.com/q/ta?t=my&l=on&z=m&q=c&p=m200,m50,m10&a=&c=&s=wfc

 

[Singapaporean]

Aunty Lucy going into golden taps biz


else check out somebody's office in Dubai

 

[Trout]

if after ten year market go nowhere that means is cheap. Just take a look at the long term chart and you will see it is cheap

http://finance.yahoo.com/q/ta?t=my&l=on&z=m&q=c&p=m200,m50,m10&a=&c=&s=ge

http://finance.yahoo.com/q/ta?t=my&l=on&z=m&q=c&p=m200,m50,m10&a=&c=&s=dow

http://finance.yahoo.com/q/ta?t=my&l=on&z=m&q=c&p=m200,m50,m10&a=&c=&s=wfc

...or it might be going down further...