Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

BARRON'S: Two Gigantic, Suspicious Sales Of Gold On Friday That Caused The Price To Plunge
TBI ^ | 5-19-2013 | Joe Weisenthal

Posted on 05/19/2013 10:03:56 AM PDT by blam

click here to read article


Navigation: use the links below to view more comments.
first 1-2021-4041-43 next last

1 posted on 05/19/2013 10:03:56 AM PDT by blam
[ Post Reply | Private Reply | View Replies]

To: Jet Jaguar

2 posted on 05/19/2013 10:04:35 AM PDT by blam
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

Video re the bad news for gold junkies!

http://video.cnbc.com/gallery/?video=3000169227&__source=yahoo%7Cheadline%7Cquote%7Cvideo%7C&par=yahoo


3 posted on 05/19/2013 10:09:44 AM PDT by Grampa Dave ('How empty and dead' were they to let Chris Stevens, one of them , die for 'Obama-Clinton fiction?')
[ Post Reply | Private Reply | To 2 | View Replies]

To: blam

It’s not so bad....I was able to pick up a few tons on the cheap..


4 posted on 05/19/2013 10:10:44 AM PDT by wny
[ Post Reply | Private Reply | To 2 | View Replies]

To: blam

The “paper” gold market is much bigger than the physical gold market. You can make as much “paper” gold as you want, as long as no one comes to the window to cash in the “paper” gold for physical gold.

This is the only explanation. The laws of supply and demand dictate that gold should be going much, much higher. I suspect that it will, eventually, but not until those who are manipulating the market buy in at a purposely depressed level.


5 posted on 05/19/2013 10:11:19 AM PDT by TruthInThoughtWordAndDeed (Yahuah Yahusha)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

This is really strange stuff. Makes me glad my tangibles are in silver bought back before 1995 for resale.


6 posted on 05/19/2013 10:12:21 AM PDT by gleeaikin
[ Post Reply | Private Reply | To 1 | View Replies]

To: Grampa Dave

Not low enough for me to buy again. If the price dips below $1000/once, I will consider it.

I sold what little gold I had when it was around $1600/once. I held on to some silver though. I bought the silver at $13/once, so it would have been nice to have sold it at it high price, but I am still ahead of the game.


7 posted on 05/19/2013 10:18:04 AM PDT by 3Fingas (Sons and Daughters of Freedom, Committee of Correspondence)
[ Post Reply | Private Reply | To 3 | View Replies]

To: FReepers

Click The Pic To Donate

Support FR, Donate Monthly If You Can

8 posted on 05/19/2013 10:27:12 AM PDT by DJ MacWoW (My faith and politics cannot be separated)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

I think Gold is being replaced by political power as the arbiter or wealth...gold has just become a placeholder and a means to that end..


9 posted on 05/19/2013 10:27:19 AM PDT by Shady (Abolish The IRS and Obamacare...it isn't going to cure anything...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: gleeaikin

Commodities Boom to be Driven by the Urbanisation of 1 Billion More People

(Ahem, where is Toba?)

10 posted on 05/19/2013 10:35:49 AM PDT by blam
[ Post Reply | Private Reply | To 6 | View Replies]

To: TruthInThoughtWordAndDeed
The “paper” gold market is much bigger than the physical gold market. You can make as much “paper” gold as you want, as long as no one comes to the window to cash in the “paper” gold for physical gold.

Actually, you can't. Exchange-traded ETF's are regulated in the same way other securities are, except the business has no moving parts, so it's extremely easy to audit. Here's an explanation of how GLD works.

11 posted on 05/19/2013 10:36:25 AM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: blam

Something happen to gold prices Friday? I didn’t read anything...


12 posted on 05/19/2013 11:01:40 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

Can 0bama order gold from the reserves to sell? I’m serious, can he? What is there to stop him?


13 posted on 05/19/2013 11:02:44 AM PDT by CincyRichieRich (Keep your head up and keep moving forward!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Grampa Dave

I think that 1,250 or so would be the buy point now. The gold bugs are ready to pounce.


14 posted on 05/19/2013 11:05:17 AM PDT by Pharmboy (Democrats lie because they must.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: TruthInThoughtWordAndDeed
As the price of GLD (i.e., paper) declines, demand for physical gold rises. Gold Demand In One Chart: Physical vs ETF.

Eventually, GLD should be near worthless as the physical stocks backing it dry up. Conversely, the premium that sellers can charge for the physical will rise as supply diminishes.

We will then have a better idea of the true value of physical.

15 posted on 05/19/2013 11:05:26 AM PDT by jtonn
[ Post Reply | Private Reply | To 5 | View Replies]

To: CincyRichieRich

He could, but that’s one area of the country’s destruction he is probably happier to leave to the experts at the Federal Reserve.


16 posted on 05/19/2013 11:10:41 AM PDT by jiggyboy (Ten percent of poll respondents are either lying or insane)
[ Post Reply | Private Reply | To 13 | View Replies]

To: blam

It goes up, it goes down. Elevators, the stock market, and gold. I have no sympathy for anyone who is crying over the latest plunge. You can’t eat gold. You have to convert it to money to buy bread.

In a crisis everyone will be looking to convert gold to money, and so the ratio gold/dollars will drop.

The reason why it dropped is that rampant inflation didn’t happen (because the economy is in the dumps) and all the hype ads predicting 20,000 were lies.


17 posted on 05/19/2013 11:29:25 AM PDT by I want the USA back (Pi$$ed off yet?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jtonn
As the price of GLD (i.e., paper) declines, demand for physical gold rises.

Actually, if the price of GLD falls faster than that of physical gold, the ETF's managers buy GLD shares and finance that by selling their physical stocks of gold, thereby increasing the supply to retail buyers. The point of this activity is to increase GLD's share price so as to bring it in line with that of physical gold.

When GLD's price rises faster than the price of physical gold, the ETF's managers do the reverse - they issue new shares of GLD, depressing GLD's price and use the funds to buy up physical gold, thereby increasing the price of physical gold. The whole idea is for GLD's price to track physical gold all the time.

18 posted on 05/19/2013 11:40:11 AM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: blam
who don't understand how the precious metal can keep falling

Bubbles pop.

19 posted on 05/19/2013 11:42:03 AM PDT by PAR35
[ Post Reply | Private Reply | To 1 | View Replies]

To: jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...

Goldbug ping.


20 posted on 05/19/2013 11:42:17 AM PDT by Jet Jaguar
[ Post Reply | Private Reply | To 2 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-43 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson