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Random news from the physical market
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  1. #1
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    Default Random news from the physical market

    Let's see if I manage to make myself halfway useful in this forum

    E. von Greyerz, the central banks are leasing or selling their bullion

    Again last month we saw imports of gold into Switzerland and then exports to Asia and India. Last month, over 70% of the gold import figures (into Switzerland) came from London and the United States.
    We again see that Switzerland is buying the 400 ounce bars from the UK and US bullion banks and converting them into 1 kilo bars and then shipping them on to Asia. Last month there was hardly any buying from the mines. It all came out of London and New York.
    And that proves again, Eric, that central banks are either leasing their physical gold into the market or selling it covertly.

    https://kingworldnews.com/greyerz-ch...ndon-new-york/

  2. #2
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    The In Gold We Trust Report 2018,
    by Incrementum AG, Lichtenstein

    Dear investors and friends,
    We are delighted to send you the 12th edition of our annual “In Gold we Trust” report titled “Gold and the Turning of the Monetary Tides”.
    The report’s Leitmotif of the turning of the tide refers to three fundamental changes that are currently unfolding:

    1) Change of the tide in monetary policy: the reversal from QE to QT will lead to a net decrease in central bank liquidity. This is the first big crash test for financial markets in a decade.

    2) Change of the tide in the global monetary order: In 2008 central banks turned from net-sellers of gold to net-buyers. China, India, Russia and Turkey are the big official players these days. This is just one aspect of the big trend towards de-dollarization. Gold will play a major role in the multi-polar monetary order of the future.

    3) Change of the tide in technology: Crypto currencies and the blockchain-technology have come to stay. Gold and cryptocurrencies are not foes, but friends. In fact, a collaborative approach would play to the strengths of both. The first gold-based cryptocurrencies are underway as we speak.


    https://www.incrementum.li/en/journa...t-report-2018/

  3. #3
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    Question It's All Saints' Day and silver spot has just increased. Why?

    WTƒ?





    Whoa Nellie! I see they just applied the brakes. Cool.

    I still want to get 45 ASEs,
    $50 in junk (2 rolls of Franklins, Washingtons, and Mercurys),
    a dozen or so old Chinese Pandas and Mexican Libertads,
    a couple of those ugly 2019 Rwandan YOT Pigs,
    one roll of SS Royal Highness rounds,
    a few of the SS 2018 CRYPTO BU rounds when released,
    about 5 other various Silver Shield rounds from 2017,
    and another 21 sets of those 30 x one gram Hong Kong rounds from ebay.

    The wish list above, if and when completed will complete my active silver stacking phase.

    Unfortunately I can't buy anything until after I pay my property taxes. 😞

    Affording all of that wish list will take about a half year of prioritized spending at today's low prices.
    I will be pleased and a bit surprised if I can still afford silver by then, for whatever reason.

    I hope that'll the market manipulators will wait until Spring before allowing the price to correct.
    🤞🏽

    More physical "market" random news to come
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  4. #4
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    Default

    I was asked about an article summarizing how the manipulation of the precious metals price basically works.

    The best I've found is this article from Juli 2017, authored by R. Manly
    https://www.bullionstar.com/blogs/ro.../comex-rigged/

    I didn't search @YouTube.
    If someone has something better I'm all ears

  5. #5
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    Lightbulb Pure silver is worth over $1200 (2018 USD) per troy ounce.

    Quote Originally Posted by goldsilber View Post
    I was asked about an article summarizing how the manipulation of the precious metals price basically works.

    The best I've found is this article from Juli 2017, authored by R. Manly
    https://www.bullionstar.com/blogs/ro.../comex-rigged/

    I didn't search @YouTube.
    If someone has something better I'm all ears
    Indeed it is a good article.

    Two excerpts from:

    Is the COMEX Rigged?

    "The existence of gold price manipulation in the London and COMEX gold markets is well documented, it is hard to refute, and it has presented itself in many forms over the recent past."

    "Technically, the value of any futures contract is derived from the value of its underlying asset, and in this case the underlying asset, nominally anyway, is physical gold. But perversely in the global gold market, the value of the gold futures is not being derived from the value of the underlying asset (physical gold). Instead, the value of the world’s physical gold is now being consistently and continually derived via this out-of-control and unhinged gold futures trading."



    Open Outcry: A distant memory for gold futures trading on COMEX
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  6. #6
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    Default

    Maguire decided to inform the CFTC. He contacted commissioner Bart Chilton, who had Eliud Ramirez, a senior investigator from the CFTC's enforcement division, get in touch with Maguire.

    Maguire explained the manipulations in great detail, both over the phone in an hour-long interview and afterward, in a series of e-mails with screen shots.

    Maguire then predicted a manipulative event in the silver market and gave detailed information in an e-mail to the CFTC about what to expect, sending it on 3 February 2010, two days prior to the event.

    The event transpired exactly as Maguire predicted.

    While the event was taking place, Maguire sent e-mails in real time,
    pointing out certain details because the CFTC enforcement seemed not to know what to look for or how to interpret the data.



    https://en.wikipedia.org/wiki/Andrew...whistleblower)

  7. #7
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    Default

    Quote Originally Posted by silverheartbone View Post

    I still want to get 45 ASEs,
    $50 in junk (2 rolls of Franklins, Washingtons, and Mercurys),
    a dozen or so old Chinese Pandas and Mexican Libertads,
    a couple of those ugly 2019 Rwandan YOT Pigs,
    one roll of SS Royal Highness rounds,
    a few of the SS 2018 CRYPTO BU rounds when released,
    about 5 other various Silver Shield rounds from 2017,
    and another 21 sets of those 30 x one gram Hong Kong rounds from ebay.

    The wish list above, if and when completed will complete my active silver stacking phase.
    Is this the wish list of a stacker or of a collector?

  8. #8
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    Question you must be a bit psychic

    Quote Originally Posted by goldsilber View Post
    Is this the wish list of a stacker or of a collector?
    Both.

    Interestingly, I made a comment about this only yesterday on YouTube.

    Replied to a comment on Coinman 5000: Why I Stack Silver Shield (and not boring government mints...)
    Actually in many cases there is little difference between a stacker and a collector.
    I include myself in both camps, and I'm sure that I'm not unique.
    I do wonder why the spell checker in Firefox highlights stacker.


    However because I tend to post eye opening truth, I'm often shadow banned and my comment may not be visible for you.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  9. #9
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    Dec 2008
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    Zionot, Squashkenazi
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    Lightbulb birds, rocks, trees, & water

    I've bought two of the five 5 ounce ATB designs this year, having previously been a resident of both Georgia and Michigan,
    and I usually get some sort of proof set every year, so on October 17 I finally got around to procuring a

    2018 America the Beautiful Quarters Silver Proof Set @ $36.45.


    from APMEX.

    Because it was shipped for free, each quarter cost me $7.29.
    The quarters are deep cameo proof beautiful, and worth every penny.

    The random news is that, here it is barely two weeks later, and they have sold out.
    I did not expect that, and I am glad that I didn't wait any longer.
    It would cost a bit more at my LCS.

    Obviously the entire silver market is healthy.


    Is There A Deficit For Silver? CEO Weighs In
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  10. #10
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    Feb 2009
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    Default

    Quote Originally Posted by silverheartbone View Post
    I hope that'll the market manipulators will wait until Spring before allowing the price to correct.
    My guess is that the upcoming price reset will be the result of the physical market dynamics, not of their clemency

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