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  • #175,661
  • Dec 27, 2009 11:31am Dec 27, 2009 11:31am
US Gold #2

"The vaults hold 147.3 million ounces of gold, all of which is owned by the United States. The gold, which is worth more than $100 billion, is stored at the United States Bullion Depository in Fort Knox, Ky. That's part of the U.S. Mint, which makes the nation's coins. The Fort Knox depository is a classified facility; no visitors are permitted.

Interestingly, Fort Knox isn't the largest depository of gold in the country -- a full 216 million ounces of gold, worth $160 billion, is stored at the New York office of the Federal Reserve. Tours of the Fed's gold vaults are available to the public.

The gold at the New York Fed belongs to foreign governments, central banks and international monetary organizations, with only small portion belonging to U.S. government.

Jeannine Aversa

AP Economics Writer

Washington"

And that's no where near 8000
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  • #175,662
  • Edited 11:44am Dec 27, 2009 11:34am | Edited 11:44am
Quoting GulfCoastPip
Gold Reserves.
Man, that's Official BS # and has nothing to do with reality.

It hasn't been change for Decades.

By Official Number US have 35% DEBT to GDP ratio but in reality approaching 100%.

Biggest Holders of Gold Japan, Russia and China. And Europe and US believing in Fiat, working

in tandem.

They actually Selling GOLD. I'm pretty sure Germany, like US have very little GOLD reserves in reality.

Anyways we are only traders. Anything can happen in Short-Mid term. But in long Term Gold going UP and Dollar down.
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  • #175,663
  • Edited 11:57am Dec 27, 2009 11:46am | Edited 11:57am
Just seeing the gold & eu charts , they actually ran opposit direction from at the peak time of recession.and also weekend last.
fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #175,664
  • Dec 27, 2009 11:51am Dec 27, 2009 11:51am
Quoting SkyzerFX
US Gold #2

"The vaults hold 147.3 million ounces of gold, all of which is owned by the United States. The gold, which is worth more than $100 billion, is stored at the United States Bullion Depository in Fort Knox, Ky. That's part of the U.S. Mint, which makes the nation's coins. The Fort Knox depository is a classified facility; no visitors are permitted.

Interestingly, Fort Knox isn't the largest depository of gold in the country -- a full 216 million ounces of gold, worth $160 billion, is stored at the New York office of the Federal Reserve....
You should have read a little farther down at Askville before quoting:

* Highest gold holdings this century: 649.6 million ounces (December 31, 1941).

Q: how much gold is stored at fort knox now (3 answers - asked 16 months ago)
A: About 4,603 tons...
The United States Bullion Depository, commonly called Fort Knox, is a fortified vault building located near Fort Knox, Kentucky which is used to store a large portion of United States official gold reserves, as well as from time to time, other precious items belonging to, or entrusted to, the United States of America.

The United States Bullion Depository holds about 4,603 tons (4,176 metric tonnes) of gold bullion (147.399 million ounces[1]). It is second in the United States only to the Federal Reserve Bank of New York's underground vault in Manhattan, which holds about 5,000 metric tons of gold in trust for many foreign nations, central banks and official international organizations.

It's long been rumored that Fort Knox is actually "empty" or mostly empty, and that the gold was moved to Jerusalem in the late 60's by President Lyndon Johnson.

In September of 1974 congressmen and 100 members of the news media were allowed to tour the vault to disprove this rumor, but it still persists today.
  • #175,665
  • Dec 27, 2009 11:53am Dec 27, 2009 11:53am
First:

"US have no GOLD, they spend it all shorting, while protecting Ponzi Dollar from collapse."

Makes no sense at all. Shorting would be retaining ownership while loaning the gold to someone else to sell short. If you are simply trying to say the U.S. sold gold to depress the price...that doesn't make sense either. What happened recently when the IMF sold 200 tonnes of gold? Sure didn't drive the price down. The only way to drive the price down is if supply exceeds demand.

Second:

One posting of yours suggested 1000 tonnes in Ft. Knox, the other post you made suggested about 4600 tonnes. Which is it?


"Man, that's Official BS # and has nothing to do with reality."
Speculation...you don't know, just like I don't know.

"By Official Number US have 35% DEBT to GDP ratio but in reality approaching 100%."
True...don't know what it has to do with gold though.

"Biggest Holders of Gold Japan, Russia and China. And Europe and US believing in Fiat, working in tandem."
Japan, Russia and China all believe in Fiat currency. Reserve amounts are speculation.

"They actually Selling GOLD. I'm pretty sure Germany, like US have very little GOLD reserves in reality."
Speculation again. You don't know, I don't know.

"But in long Term Gold going UP and Dollar down."
Speculation again....
  • #175,666
  • Dec 27, 2009 12:15pm Dec 27, 2009 12:15pm
dude ... to be honest I do not actualy take to much notice of news. Did India really buy gold ? did you see the piles of gold arriving at their reserve ?

lets look at chart

GLD. IF gold is going to 1500 why is the MAX volume since sept 2008 on a pin bar on the weekly when gold was 1200 ??? think that is buyers of GLD ?

we do not need to argue about where gold is going or where usd is going ... lets allow the charts to show us and on that note

DUDE GO STUDY SOME SIMPLE CANDLE PATTERNS . seems you are one arrogant ahole that does not even understand the simple concept of inside bars , dojis or three black crows. These are basis chart set ups ...very basic

The reason i responded to your 1st three posts were that they were condescending and really rude ... you were essentially calling the posters idiots when you seem to be the one that is ignoring your charts ...

I am such a nice guy I will even help you out...

euro weekly [IMG]file:///C:/DOCUME%7E1/Trader/LOCALS%7E1/Temp/moz-screenshot-7.jpg[/IMG]http://www.candlesticker.com/Cs74.asp...2nd chart

dx weekly 3rd chart [IMG]file:///C:/DOCUME%7E1/Trader/LOCALS%7E1/Temp/moz-screenshot-8.jpg[/IMG]http://www.candlesticker.com/Cs63.asp


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Quoting SkyzerFX
Dude, you obviously have no clue what are you talking about.

US Fort Knox last was audited after WORLD War II

"In the 1970's a very courageous gentleman named Edward Durrell claimed...
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  • #175,667
  • Dec 27, 2009 12:17pm Dec 27, 2009 12:17pm
If the US does in fact have all of the gold the gov't claims to have, an audit would be a dollar positive I believe. It would prove the US dollar was in fact backed by "real money." An audit would therefore undermine the effort to weaken the dollar relative to other currencies. Therefore, we will not see an audit, until the need to firm the dollar exists, assuming the gold exists. Right now, a weak dollar clearly benefits the US economy.

If the gold does not exist, then clearly, other objectives and intentions come into play, which are much more sinister and indicative of a massive conspiracy against the people.

I assume and hope the latter is not the case.
  • #175,668
  • Dec 27, 2009 12:21pm Dec 27, 2009 12:21pm
oh and i guess the usd is so bearish against the euro is the reason for the accumulation form October to now on the a HIGHEST VOLUME IN 12 YEARS AND SINCE THE INCEPTION OF THE DOLLAR INDEX and the same reason why the dx broke a 10 month long down trend channel WITH EASE

I would love for dx to get a retracement to 76.5 here and that will form wave 2 ..wave 3 85 to 90 .... that is enough from me for now.

whre when and how usd and gold are going to go is all in the charts.

right now unless dx breaks back below 76 wave 1 and 2 are in the making as far as I am concerned . If I see an evening star or revsersal candle on the weekly then I admit this is all a bs bull trap and form then on I will change my long term trading direction



Quoting malcolmb14
dude ... to be honest I do not actualy take to much notice of news. Did India really buy gold ? did you see the piles of gold arriving at their reserve ?

lets look at chart

GLD. IF gold is going to 1500 why is the MAX volume since sept 2008 on a pin bar on the weekly when gold was 1200 ??? think that is buyers of GLD ?

we do not need to argue about where gold is going or where usd is going ... lets allow the charts to show us and on that note

DUDE GO STUDY SOME SIMPLE CANDLE PATTERNS . seems you are one arrogant ahole that does not even understand...
Blogging daily now at www.volume.zone
  • #175,669
  • Dec 27, 2009 12:24pm Dec 27, 2009 12:24pm
after hitting forex ... next we can hit ft. knox for gold
  • #175,670
  • Dec 27, 2009 12:26pm Dec 27, 2009 12:26pm
Quoting malcolmb14
dude ... to be honest I do not actualy take to much notice of news. Did India really buy gold ? did you see the piles of gold arriving at their reserve ?

lets look at chart

GLD. IF gold is going to 1500 why is the MAX volume since sept 2008 on a pin bar on the weekly when gold was 1200 ??? think that is buyers of GLD ?

we do not need to argue about where gold is going or where usd is going ... lets allow the charts to show us and on that note

DUDE GO STUDY SOME SIMPLE CANDLE PATTERNS . seems you are one arrogant ahole that does not even understand...
Nice one Dude..
rat
  • #175,671
  • Dec 27, 2009 12:28pm Dec 27, 2009 12:28pm
and for those unfamiliar with waves .. I am not an ew guy but we all know that nothing move from a to b in a straight line

eu can retrace to 1.4560 and still be in wave 4 ... wave 5 ends somewhere 1.3500 to 1.3000 (wave 3 was 900 pips lone and was likely truncated due to xmas) , wave 5 will be at least as long as wave 3

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  • #175,672
  • Dec 27, 2009 12:29pm Dec 27, 2009 12:29pm
Quoting rattyo
Nice one Dude..
i hate debating with someone that has nothing to back up their comments .... it is to easy
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  • #175,673
  • Dec 27, 2009 12:38pm Dec 27, 2009 12:38pm
Quoting GulfCoastPip
Gold Reserves. http://en.wikipedia.org/wiki/Gold_reserve

now if that guy that keeps calling me dude want to debate this

China has over 1 trillion in US bonds .... and gold reserves ONLY 1.5% of fx reserves , so they are not hedged well.

Would it be in USA's best interest NOT to somehow make USD bullish so that China can off load some of their US bonds...think the US , by continuing the policy that they are on now will really screw their buddies China , when all China has to do if US does not bow to their will is drop their 1 trillion of bonds onto the market to cripple the US economy in a way that we have never seen before.

They are all in bed together .... all they want to do is make money one way or the other.
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  • #175,674
  • Dec 27, 2009 12:39pm Dec 27, 2009 12:39pm
Price broke the aggressive bullish channel, and it dip to form a low which truncated the previous higher high and higher low move, if the support should hold, i see a possible rally to 1.4820(Key level) to form an equal right tip of the possible crown formation.

note that 1.4820 will most likely be a retest of a trendline.............. depending on the momentum but 1.4820 will be the cheapest place to sell euro down to 1.3600 tgt................

finaly, if we have a bearish crown on daily, hmmm, then we shd be prepare to see price dip lower than 1.200 in months/years to come

hope i made little sense
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  • #175,675
  • Dec 27, 2009 12:45pm Dec 27, 2009 12:45pm
Quoting malcolmb14
and for those unfamiliar with waves .. I am not an ew guy but we all know that nothing move from a to b in a straight line

eu can retrace to 1.4560 and still be in wave 4 ... wave 5 ends somewhere 1.3500 to 1.3000 (wave 3 was 900 pips lone and was likely truncated due to xmas) , wave 5 will be at least as long as wave 3

Attachment
hi malcolmb
why do you say wave 5 will be as long as wave 3 as usually wave5 is 127- 161.8 of wave 3-4 .
  • #175,676
  • Dec 27, 2009 12:51pm Dec 27, 2009 12:51pm
Quote
finaly, if we have a bearish crown on daily, hmmm, then we shd be prepare to see price dip lower than 1.200 in months/years to come

here is wot am saying for both trendline and pattern traders
if we have a bearish crown, then euro willmost likely hit 1.0000, could take months or years
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  • #175,677
  • Dec 27, 2009 1:08pm Dec 27, 2009 1:08pm
Quoting nawafasad1
hi malcolmb
why do you say wave 5 will be as long as wave 3 as usually wave5 is 127- 161.8 of wave 3-4 .
http://www.esignalcentral.com/univer...anual_ch10.pdf

I use wave ratios of that an advanced get ... they are pretty good ... so far daily shows targt 1.3500 to 1.3000 then abc or bear flag then your 1.0000....
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  • #175,678
  • Dec 27, 2009 1:12pm Dec 27, 2009 1:12pm
Quoting Naijafx
...note that 1.4820 will most likely be a retest of a trendline.............. depending on the momentum but 1.4820 will be the cheapest place to sell euro down to 1.3600 tgt................

finaly, if we have a bearish crown on daily, hmmm, then we shd be prepare to see price dip lower than 1.200 in months/years to come

hope i made little sense

What do yo see as the driver for this kind of dollar strength in the face of such massive and projected US deficits? You must think that European budgets are worse and will debase more rapidly than US; true?
  • #175,679
  • Dec 27, 2009 1:27pm Dec 27, 2009 1:27pm
Quoting malcolmb14
Did India really buy gold ? did you see the piles of gold arriving at their reserve ?
This conversation actually pointless. So I'm going to leave it where it is.

Not sure why question the facts that India did bought 200 tonnes

(Not 20, as I mention earlier from IMF) at the price of $1050/oz

"Wong Eng Soon, analyst, Phillip Futures said: "At the end of the year, portfolio managers, asset managers, want to take profits and when they are taking profits, they will be unwinding their positions.

"And gold, of course, is one of the major victims. I'm looking at a correction of up to US$1,050."

Analysts said the US$1,050 level is being seen as a support level, as this was the price at which the Indian central bank bought 200 tonnes of the precious metal last month from the International Monetary Fund. "

http://www.channelnewsasia.com/stori...023974/1/.html

Not to mention, that JAN-March actually the hottest months of the

Year for the PM (Bullion)

Good luck with your short, you have some room to get out seems like it.
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  • #175,680
  • Dec 27, 2009 1:30pm Dec 27, 2009 1:30pm
Quoting SkyzerFX
This conversation actually pointless. So I'm going to leave it where it is.

Too bad you didn't realize this hours ago and saved us from having to skip over it all.
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