Topic: Just commodities

[Libertas]

Followed a link from ZH to here, interesting breakdown of gold manipulation.  Still reviewing the math, but basically what it reinforces in me is "buy & stack"!

Follow link at conclusion to Part II.

http://sibileau.com/martin/2013/02/21/gold-manipulation-the-logical-outcome-of-mainstream-economics/

[charlesoakwood]

This post is an interesting read.  Here's a snippet:

That's right, ladies and gentlemen, as a result of our cursory examination, we have learned that the world's largest private, and commercial, gold vault, that belonging once upon a time to Chase Manhattan, and now to JPMorgan Chase, is located, right across the street, and at the same level underground, resting just on top of the Manhattan bedrock, as the vault belonging to the New York Federal Reserve, which according to folklore is the official location of the biggest collection of sovereign, public gold in the world.

[Libertas]

Mere coincidence.

 

[Libertas]

Silver to jump 20% this year?

http://www.zerohedge.com/news/2013-03-08/silver-investment-demand-surges-30-silver-etf-holdings-robust

Wouldn't take much to get that modest of a bump, long term it can only go way up.  Want to take advantage of the recent dip, but I got a lot on my plate, maybe I'll nibble a bit more.

[charlesoakwood]

With all the bubbles and the money printing
it's difficult to make a case that PM's and
probably some other commodities will not
appreciate along with inflation. With that in
mind silver at $28.81/oz is very attractive.

[Libertas]

It does look good.

[charlesoakwood]

Jimmy Rogers:

We were talking before about the risk-free or worry-free investment. Even gold: the Indian politicians are talking about coming down hard on gold, and India is the largest buyer of gold in the world. If Indian politicians do something -- whether it’s foolish or not is irrelevant -- if they do something, gold could go down a lot.

[Libertas]

Another buying opportunity brewing then.  Awesome.

[charlesoakwood]

I'm shopping land, again.  I either have a knack or have been lucky too many times.  Land is a double commodity in that you can let sit and appreciate or you can farm it and sell the crop as it appreciates.  Course, you can also rent it or just enjoy it personally as it appreciates.

[Libertas]

Thing with land though...if things go sideways hard enough, kinda big to defend, it's not like it's not visible.

[charlesoakwood]

They can't put it in sack and run off with it.

[Libertas]

True that.  And proper use of buffer space can be well utilized.

[charlesoakwood]

Link

[blockquote]Bringing Texas' gold
[a billion here and billion there, pretty soon you're talking real money] home has gained more traction this legislative session because of Perry’s vocal support for it. On conservative radio host Glenn Beck’s show on Tuesday, the governor said Texas was “in the process” — the legislative process, he later clarified — of “bringing gold that belongs to the state of Texas back into the state.” He argued that the state was at least as capable as the Federal Reserve of safeguarding Texas’ “physical gold.” Is this some kind of subtextual treat?

“If we own it,” Perry said, “I will suggest to you that that’s not someone else’s determination whether we can take possession of it back or not.” [/blockquote]

There he go gettin' snippy again. Brahk ain't gonna' like it.

[Libertas]

Screw Brahk, the guardians at Fed/Treas gonna have some 'splainin' to do!

    

[Libertas]

Hmmm....

This will be interesting - Russia & South Africa to create OPEC-like Platinum trading bloc.

http://www.zerohedge.com/news/2013-03-27/russia-and-south-africa-create-opec-%E2%80%98platinum-cartel%E2%80%99

What could go wrong?

[charlesoakwood]

Seventy percent is mined in Africa.  Forty percent goes to catalytic converters, hmmm. Just say bye, EPA.


Here is a little historical reference along with two articles about those gold miners.

                        GDX                  HUI         AU

08/15/2011       61.26            521.89          1765.00   

08/29/2011       64.91             618.03         1794.90

09/05/2011       65.80            628.34          1907.60   

09/08/2011                                                1862.40

http://www.ibtimes.com/will-we-see-consolidation-gold-mining-industry-1108529

http://www.bloomberg.com/news/2013-03-20/gold-giants-shrink-to-fit-as-paulson-pushes-breakup-commodities.html
[blockquote] ...
The first phase should begin soon ...
The second phase won’t begin until well after we see gold stocks (i.e GDX,,,HUI) break to new all-time highs and confirm the breakout.
...latter phase (perhaps 2015-2016), ...[/blockquote]

If it was only this easy.

[Libertas]

The PTBs will continue the beatings until moral improves.

[Libertas]

More "do as they do not as they say" proof -

http://www.zerohedge.com/news/2013-03-27/santelli-end-paper-golds-reign

Those charts say it all!

[charlesoakwood]

Well, Rick was right about that; however, my expectation was that it would increase the price of the metal.

(Kitco News) - Gold prices... hit a 10-month low overnight.

The gold market continues to feel the pressure from the exodus of investors from exchange trade funds (ETFs). Reports overnight said the first quarter of 2013 showed a significant outflow of investor monies from gold-related ETFs. However, there are also reports that demand for physical gold has picked up this week as bargain hunters step in to buy amid the big drop in gold prices.

Queasy peasy.

[Libertas]

Don't look a gift horse in the mouth, just load up!  This is one of the signs that a kabuki is nearing an end, if enough leave the risky paper for the real deal, it means less manipulation of the markets by the traders, well, maybe not less per se but certainly makes their job less invisible.

This is a good thing.