Another day, another $15 gold takedown in a manner of seconds. Liquidations or LBMA intervention, nobody cares anymore. Presumably the agenda of the day is to make investors believe that all is well in Europe, and that among all the upcoming stress test results announcements, the “fact” that a single bank will not be in … Continue reading “Major Gold Takedown To Inspire “Risk On” During Another Bad News Day”
This week’s CFTC report indicates that commercial shorts on the CFTC, both gross and net (excluding commercial longs) have hit another fresh all time record, at -482k and -290k. Should the ongoing asset liquidation squeeze forcing gold prices to decline, fizzle out, and should gold prices resume their trajectory higher, the only question will be … Continue reading “Paper Short Gold Positions Hit Fresh Record, As EUR Reshorting Persists In Early Part Of Week”
A week after the EUR posted the biggest short covering rally in history, expunging every single weak hand after a move wiped out 44% of all net shorts, the bearish speculative bets on the EUR are once again rising, according to just released CFTC Commitment of Traders data. After dropping from net -111,945 to just … Continue reading “EUR Shorts Return, As Commercial Gold Net Short Positions Hit All Time Record”
Gold On Its Way To Validate Goldman’s $1,400/Oz Prediction….
GLD Gold Holdings Hit A Fresh Record, Increase By 12 Tonnes Overnight…..
In addition to the EUR data in today’s CFTC Commitment of Traders report, another data point that caught our eye is the record exposure in outright commercial shorts in gold: this week they hit an all time high of 450,950. It appears that….
Over the past month, gold has quietly become the only true flight to safety. Forget the dollar: the dollar is “safe” just as long as Bernanke does not decide to pull a Sunday night comparable to what the ECB did last night and strangle the greenback with one press release: frankly it is just not … Continue reading “Investors Willing To Pay 31% Premium To NAV For Sprott’s Physical Gold ETF In Strike Over Global Fiat Devaluation Insanity”
As the attached chart demonstrates, the S&P may soon take out the 1.00x ratio to gold price per oz. With the IMF facilitated Greek bailout, the euro is now a sideshow and nothing more than a political corpse in the hands of a few million Nordrhein-Westfalen voters next weekend. That a bailout of a country … Continue reading “S&P-To-Gold Ratio: On Verge Of 1.00 Breakdown”
Not much to comment on this chart. The credibility of the central banks is running out. Full year:
The rush for money debasement around the world has escaped nobody’s attention, and as a result the one undilutable commodity (unless everyone demands physical delivery at the same time) gold has seen investors…..