Disliked{quote} For me, gold is always first metal to show signs of oversold - once it happens, i will buy..Ignored
- #892,262
- Apr 24, 2014 6:20am Apr 24, 2014 6:20am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #892,263
- Apr 24, 2014 6:20am Apr 24, 2014 6:20am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
{quote} For me, gold is always first metal to show signs of oversold - once it happens, i will buy..
COT: The precious data ignored
- #892,265
- Apr 24, 2014 6:27am Apr 24, 2014 6:27am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
{quote} Any idea what caused the dump in Gold? Bank manipulation again? lol
{quote} m30 or h1 close above 19.10 and i may buy like there is no tomorrow
"It's the Margin, Stupid."
- #892,266
- Apr 24, 2014 6:28am Apr 24, 2014 6:28am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #892,270
- Apr 24, 2014 6:33am Apr 24, 2014 6:33am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
Another thing about Gold, Germany wants theirs back from the Fed but the Fed appear to be dragging their feet somewhat even over a measly 5%. 
The Fed claims that about 6,700 tons of gold from Germany is in their vaults. What Germany is asking to get back is 300 tons, 5% of their stack, shouldn’t be a problem.
It’s been a year since they requested, and the U.S. has just sent back 37.5 tons. That’s 50 tons short of what we need to send each year to meet Germany’s request by the deadline in 2020. We didn’t even hit the first payment. Okay, if I’m German, that makes me nervous. Wait a minute, you promised you’d send all of the first year, and you only sent half of it. What’s the problem here?
And here’s the disturbing part, even more disturbing. The reports that are coming out now is that the gold we sent them over the holidays was melted down and recast. This is important. It begs the question why? I can think of several reasons, but none of them really make sense, except the situation is worse than even I thought it was when I talked to you about rehypothecation.
I think there’s a good chance that there’s not a lot of that gold left. But how did that happen?
The Fed claims that about 6,700 tons of gold from Germany is in their vaults. What Germany is asking to get back is 300 tons, 5% of their stack, shouldn’t be a problem.
It’s been a year since they requested, and the U.S. has just sent back 37.5 tons. That’s 50 tons short of what we need to send each year to meet Germany’s request by the deadline in 2020. We didn’t even hit the first payment. Okay, if I’m German, that makes me nervous. Wait a minute, you promised you’d send all of the first year, and you only sent half of it. What’s the problem here?
And here’s the disturbing part, even more disturbing. The reports that are coming out now is that the gold we sent them over the holidays was melted down and recast. This is important. It begs the question why? I can think of several reasons, but none of them really make sense, except the situation is worse than even I thought it was when I talked to you about rehypothecation.
I think there’s a good chance that there’s not a lot of that gold left. But how did that happen?
- #892,272
- Apr 24, 2014 6:42am Apr 24, 2014 6:42am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #892,277
- Apr 24, 2014 7:27am Apr 24, 2014 7:27am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
us data in 3mins, probably last data for this week, maybe last move, roll on next thursday
If you are new to Forex? Say Goodbye to your account!!
- #892,278
- Apr 24, 2014 7:32am Apr 24, 2014 7:32am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
us data in 3mins, probably last data for this week, maybe last move, roll on next thursday
Every weeks the same story...and still no moves
COT: The precious data ignored
