Gold und Silber... Informationen und Vermutungen I

Derivatives And Lying - Two Art Forms That Go Hand In Hand

Author: Jim Sinclair


“Oh what a tangled web we weave, when first we practice to deceive.”
--Sir Walter Scott

Dear CIGAs,

You can play any financial game in a world developing in the global condition of Authoritarian Free Enterprise. Businesses are predators that seek to give the least at the highest price and lowest quality that the market will accept. Products are hyped for months that turn out not to work as expected, or the price is reduced only a few short weeks after the hyped ones have been hosed. How cool is it to overpay for an inferior good?

The public is also to blame. Today are investors willing to pay a proper commission to a human being for a good execution of an order and for the margin crazies a small warning as they come within a hair’s breathe of a margin call?

Lying is no longer a character flaw. It is an art.

So one day just prior to 1990 it was discovered that if one computer was to make both sides of a trade and pass those trades out to two or more separate but same party, transactions in the billions could be created from $250.

The game will work as long as the same computer dissolves the trade by passing out to the other parties, who are supposed to be different but are in truth the same, the closing transaction simultaneously. Put them on at once and take them off at once. This is how the over the counter derivative was born.

Enron came along and invented 2000 straw partnerships. You might ask yourself why. Unfortunately some financial contractors inadvertently destroyed important documents. My wager is they were the trade records of the 2000 straw partnerships.

If there is a repeat of this, look for 500,000 straw entities, not a piddling 2000 as in the Enron case. Every amoral financial travesty grows and grows in the world dominated by the corporations who do not give a flying F about any member of the public other than the board of directors and themselves, if that goes even beyond themselves.

All of this goes along just dandy while prosperity is king and the almighty buck decides what is right. This is a period when the person who wins at life is that person who when the ends comes has the most toys, yachts, club memberships, custom made everything and maybe even a collection of husbands and/or wives.

Then all of sudden this generations of building mountains of exotic financial transaction that are considered to be money which results in a shadow and shadowy banking system that competes with the already shadowy establishment banking system and globally politicized central banks starts to titter.

As in any panic publicly seen or concealed, there is a rush to get the money. The lender stops lending to the borrower because the lender knows the collateral is worthless.

The derivative market is built on the considered worthiness of unworthy assets. Sure there are those who have acted in good faith, really believing that the over the counter derivative market has sound basis.

What those trusting souls fail to understand is that the foundational transactions that have given birth to this so called market are down right FRAUDULENT.

As the $20 trillion of credit and default over the counter derivatives begin to unwind they in fact cannot unwind because there is no one computer to match up the simultaneous trades and remove them harmlessly. This is what the spin phrase of "a loss of control in the back offices" means.

This is why I have said emphatically that a change in interest rates, no matter how fast or significant, an explosion of international liquidity, and all central banks working in accord cannot change the fact that the total mountain of garbage paper in size of over $30 trillion is all falling down. This is the ultimate case of the King has no clothes on.

This is why I have shut up over interim market moves. This is why I have not given you support and resistance in gold. Trader Dan has spoken to the traders. Monty has spoken to those that seek impeccable fundamental reasoning.

I have said one thing. Gold will go to and through all the Angels. Gold is going to and perhaps through $1650. I have warned against margin because the moves will be so significant that you need only a little to insure a lot.

@Fra

Stimmt, nur der Schein den ich in der Hand hatte hat ein Ablaufdatum 31.07.2007 und ist Bestandteil des alten Zim Dollars.(wertlos)
Beim neuen Zim dollar wurden die Kommastellen um drei Stellen nach links gerueckt und alt gegen neu mit 1000 fuer einen Zim Dollar eingetauscht.

Zimbabwe dollar hits new low

Andrew Meldrum in Pretoria
Tuesday August 2, 2005
The Guardian

The Zimbabwe dollar tumbled to an all-time low yesterday as it became apparent that President Robert Mugabe had failed to get the billion dollars he sought from China to relieve the country's shortages of fuel, food and power.
One US dollar purchased 45,000 Zimbabwe dollars yesterday on the illegal black market.
The official exchange rate is US$1 to Z$17,000, but neither banks nor corporations use it.
Mr Mugabe returned from Beijing over the weekend with pledges from the Chinese government of $6m (£3.4m) for food, a passenger aircraft and 100 computers, according to the state media.

3.September 2007

Zimbabwe's New Money Deteriorates Economic Crisis
Zimbabwe's new money denominations, the 500 Zimbabwean dollar note and five Zimbabwean dollar coin, launched by President Robert Mugabe on Friday, have received mixed reactions by users because of a deepening economic crisis billed to be the worst in two decades, Zimbabwe News Agency reported on Sunday.

The 500 Zimbabwean dollar note has particularly posed problems between service providers and the paying public as people have been tendering it for purchase of even small commodities requiring a large amount of change, said the report.

Eddie Choga, an advertising executive, was quoted as saying that the new note would fuel inflation because prices of basic commodities will go up.

The five Zimbabwean dollar coin is also set to cause an inflation of commodity prices, particularly by vendors.

linar

Fuer was braucht die Schweiz oder SNB den IWF ?
Dort liegt genug Geld vom Ausland rum das sie sich bestimmt nichts borgen muessen, oder doch ???
Aber wenn der eigentliche Besitzer der SNB Mr. Rothschild und Rockefeller ist kann man das verstehen wenn die Fiat $ gegen Schweizer Gold tauschen.
Belogen, betrogen und ueber den Tisch gezogen, die ""amerikanisierten"" Regierungen und ZB's machen munter weiter wie man sieht damit es den Amis gut geht und dem Volk schlecht im Namen der Solidaritaet und Kosten der Unabhaengkeit sowie persoenlicher Freiheit und Sicherheit.
Diese Verraeter von eigenen Politiker sollte man an die Wand stellen wenn ihr mich fragt.

Gold seen hitting $740/oz

2007-9-9 14:57

London - Gold hit a 16-month high above $700 per ounce on Friday, boosted by a falling dollar after US data showing a surprise contraction in US non-farm payrolls for the first time in four years.

The dollar touched a 15-year low against major currencies after the August report showing a fall of 4 000 jobs, making dollar-denominated gold cheaper for overseas investors.

The data looked certain to increase pressure on the Federal Reserve to cut US interest rates. A rate cut could weaken the currency further, as investors tend to exit the currency market and invest in other assets for better returns.

"Gold's resilience in the face of the recent selling impressed a lot of investors and when the dollar started to weaken, people started to believe that gold had a realistic chance of moving substantially higher," said Peter Hillyard, head of metals sales at ANZ Investment Bank.

"The market is bullish. Over the coming weeks and months, we will see an attempt to take the market higher towards the $730-$740 area," he said.

Spot gold edged back below $700 to $699.90/700.70, above $695.70/696.30 an ounce late on Thursday, but off the $707.10 peak.

Benchmark December gold on the COMEX division of the New York Mercantile Exchange finished $5.10 higher at $709.70 an ounce. It soared to $716.60, its highest level since April 23, shortly after the labour market reading.

Andy Montano, a director at Scotiamocatta in Toronto said, the weak employment data sparked flight-to-quality trades in the US bond market that inspired similar purchases of gold.

"While the (gold) buying was not exactly flight-to-quality buying, gold has an image as a reserve of wealth. So there is an element of that showing in the price," Montano said.

Bullion was also supported by strong oil prices, healthy physical demand and safe-haven buying against a backdrop of worries over problems on credit markets.

It has rebounded more than 10% since falling to a seven-week low of $641.10 in mid-August, when investors sold gold and other metals for cash to cover margin calls on losses arising from a meltdown in the US subprime mortgage market.

"The latest rise is entirely related to the surprise drop in US jobs data. I think the fixed income market has dramatically increased the chances of a 50-basis-point interest rate cut," said James Steel, HSBC metals analyst in New York.

"Consequently, liquidity is surging through the gold market - there's all round buying," he added.

Simon Weeks, head of precious metal trading at Bank Nova Scotia, said gold was also starting to break out technically in other currencies.

Gold priced in euros rose to its highest since early March, which analysts consider to be a bullish sign.

Bullion is also generally seen as a hedge against oil-led inflation and benefited on Friday from crude prices rising towards a record peak.

Oil held above $76, within $3 of its all-time high, as tension in the Middle East compounded supply worries after further declines in US fuel inventories.

Data also showed that gold held in New York-listed StreetTRACKS Gold Shares, the world's largest gold-backed ETF, reached record high of 542.35 tonnes, up 26.91 tonnes or 5% from the start of the month.

In other metals, platinum rose to a one-month high of $1 294.50 an ounce and was last quoted at $1 286.10/1 293.10, against $1 284.50/1 291.50 late Thursday in the US market.

Palladium slipped to $332.50/336.70 an ounce, while silver rose as high as $12.67, the highest since August 15, before easing to $12.51/12.54, versus $12.42/12.46 in New York on Thursday.

- Reuters

auratico

Mal schaun ob es ein ""feint"" war, ich rechne ebenfalls mit einer Korrektur bis 5% runter und das Spiel beginnt von vorne.
Aber irgendwann ist das Spiel aus und die Goldbestaende der ZB's an einem Punkt wo nichts mehr verkauft werden kann.
Damit muessen wir leben, alles dauert seine Zeit.
Zumindest sind ein paar am Freitag eingestiegen in die PM's was ein gutes Zeichen ist.
Die anderen folgen wenn sie sehen sie liegen falschen mit ihren Investments.
Ob wir nun 750 USD POG bis Ende des Jahres sehen oder 850 USD in 2008 ist auch egal so lange der Kampf Gold gegen die Drucker weiter geht.

....As always, if the markets dictate otherwise, I will change my view.

Zitat

Original von Inuit
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http://www.sueddeutsche.de/,tt…anzen/artikel/279/132040/
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Klasse Artikel von James Turk , auf den Punkt getroffen.
Die 8000 $ POG in 2012 erscheint mir jedoch astronomisch, aber wer weiss was noch alles passiert in der Hyperinflation die sicher kommt bei der Druckerei der Zentralbanken ist das Ergebnis bekannt von der Geschichte der Weimarer Republik.

Nimm 200 $, reicht auch bei 12.50 $ Einkauf morgen frueh.
Und dafuer gibt es dann 10 liter Benzin oder ein Brathuhn auf der Wiesn.
Diese Prognosen sind alle relativ , die Kaufkraft wuerde mich mehr interessieren.
Das die Kaufkraft erhalten bleibt ist klar, darum habe ich einiges in Silber bis auf diese hier.....