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King World News Confirms Goldman Sachs Has been Long Gold For Years, States $25.50 Is Silver Margin Call Threshold
Some new perspectives on gold, and its very special relationship with Goldman Sachs, courtesy of a London-based King World News source. And some were wondering where Paulson got the long gold trade idea from.
King World News source out of London has confirmed that Goldman Sachs has been long gold for years. The source stated, “Goldman Sachs has been getting long the metals for years. Goldman Sachs has essentially been acting as their own central bank, buying on dips for years to hedge their currency positions which are being eroded through coordinated global money printing or currency debasement which they knew would take place. They are long the metals as a hedge and as I said have been for many years.”
The London source also discussed the silver shorts:
“If silver holds for a few hours above $25.50, they (local traders who have been invited short) will just capitulate. You could see a $1 move in an hour if their is a race for the exits. Above $25.50, the locals that are short will literally get margin calls and will have to exit their shorts and it could become disorderly on the upside.
The jaws are closing on these shorts. The silver market is underpinned by everyone who is waiting in the wings to accumulate, that is why you saw the extraordinary buying yesterday off of the lows which continues in today’s trading.” (more here)
Silver is almost there.
Today's POMO, which will send stocks up above 2%, will likely push silver over.
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If Goldman has been adding liquidity to the short side - and driving down price - and then accumulating physical - isn't that just blatant criminal activity ?
You say that as if it matters.
SLV trading at a 2.2% discount to NAV. I am long and getting longer... http://us.ishares.com/product_info/fund/overview/SLV.htm
No Bull
I just bought a decent chunk of PSLV. This is extremely bearish for the rest of you.
Same here, but a rather massive buy for me, 25K shares on the IPO.
No sweat guys re buying at a "high price". I would guess that some 85% of my gold, silver and platinum were bought at or near the "highest price ever", then the prices continued going up. Been that way for a long time for me.
I strongly prefer the physical real PMs in my own possession. Has its own risks, yes. But, I would rather have ounces in the hand vs. ounces in someone else's vault in Canada.
I believe the better play is Central Fund's " SILVER BULLION TRUST" . Lower MER and Admin Fee and also better managed.
I am long and getting longer
If that continues for more than four hours you should consult a physician.
HaHa. Good one!
thought you all would like that comment....
Priapism proprietary trader?
SLV is for suckers.
No Bull either.
Yesterday I bought SLV at $24.11 with one hand waiting to see the market. Today I bought with two hands.
HAve you guys noticed less available physical of both Silver/Gold in Apmex?
Put an extra order of gold/physical today. I can't wait for it to go lower, if it ever does.
Buy with both hands!
I have. There is not available inventory for many 10 oz and kilo coins. Don't know about bars though.
100 oz bars is all that's left.............one 764+ .
Plenty of 10 oz IF you want to pay the premiums.
If you're looking at inventory/good delivery as an indicator of future price movements and believe them to be falling, why in the world would one not own unencumbered allocated such as PSLV or PHYS?
Just sayin', if real underlying delivery can't be made and all's changing hands is more non-deliverable paper.....
Duh.
Not sure at what time you saw the 2% discount to NAV on SLV, but at close I calculate NAV at 8,545,376,257.58, based on 325,941,690 ounces and 26.2175 spot price.
the 8.5..bln divided by 333,300,000 shares outstanding yields a NAV of 25.64, which is very similar to current market price of the ETF (25.63)
quite the shock, all of this
."blatant" Most commonly used for 'obvious', but also just an adjective used as a sentence enhancer - urban d :/
No. It is only a criminal event if one of us were to act like this. If you are one of the cherished elite, this is just normal business. Besides, the CFTC and other regulators are always on the lookout for suspicious activity, and if ANY of this were improper they would be all over it by now.
<Sarc> - off
sounds like God's work to me...
rofl. That's awesome.
you of course are referring to Dhumavati, the hindu god and smoky form of Shakti. The eternal widow with the black crow that symbolizes dark forces and black magic...
It must be nice to be one of the ultimate insiders.
>If Goldman has been adding liquidity to the short side - and driving down price - and then accumulating physical - isn't that just blatant criminal activity ?
Did they damage person or property? Did they defraud someone? Whom exactly do you think they victimized?
Note that damaging the subjective value (or objective exchange value) of someone's property is not the same as damaging the property itself. You may own property, but you cannot own other people' subjective appraisals of it. I cannot sue Ford for the drop in value of my buggy whip manufacturing business. By the same token, one cannot make home improvements and then sue his neighbors for the increase in their property values he caused.
I don't see how it is criminal to voluntarily enter into mutually agreed-upon trades. It is possible that Goldman Sachs is trading unwisely - but then the market would punish them with financial losses. If they trade wisely and speed the market toward equillibrium, then they will be rewarded with financial gains.
Wait a minute...
Did you just compare a loss in buggy whip sales to manipulating the metals market?
Seriously.
rare earths bitchez
tamboo, rare earths may be a bit of a bubble now. I have been trying to get a handle on the uses, producers and processors / refiners of rare earth metals. I recently read that by about 2013 or so that there will be more non-Chinese production that will fill the demand.
I am always interested to hear ZH commentary from knowledgeable people re the rare earths. But, many of the miners (MCP, LYSCF, AVARF, GWMGF) have had a big run. Are any of them making money?
Hola. Am having a pop at a new IPO called Frontier Rare Earths - suggest you look it up. It is indeed a market with little or no proper fundamentals and rare earths are in typical Orwellian fashion not rare in the slightest. Having said all that it appears to be a strategic market for the time being and plays into trade wars etc which is wonderfully pertinent. As such i think Rare Earths have legs for the time being but its more a trade than a hold.
And perhaps onwards to $50/ounce...
Hiyo "Silver" Away !!!
Don't worry, we have it all under control !
- The FED
My excitement for the upside is tempered with the knowledge that those without will do bad things to aquire what they can not afford
See the story of the guy who had 7000 ASEs stolen from his house in Wisconsin. Roughly 500 lbs of silver.
You a fool to store that amount of physical in your home & not have some way to protect it.
Of course. "A fool and his silver are soon parted"
We just blew through $25.50 - Lets taste this pudding.
it should fly... just did my refi so i get a taste of skipping a payment during the switchover.. hmm what to do with that cash??
I already have coins and 1oz bars... might go for the 10oz'ers
sell the news bitchez
bear trap yesterday ... squeeze ya later dudes
love those dancing bears!
Someone at Goldman Sachs uses the word "their" when the word properly is "there"?
"..if their is a race .."
I missed the confims part of the article. Where is that again?
"King World News source out of London confirms .."
He'll be back Monday
"they (local traders who have been invited short) will just capitulate"
Who "invited" them to get short? That wasn't nice.
"they.. will just capitulate."
Guess it the "just" part that squarely defines the action to come.
Tyler is just feeding the headline-reading algos.
Re-read the article, You missed this line:
"Blue Horseshoe loves Anacott Silver."
"and so ended the reign of the manufacturers and purveyors of worhless paper fraudulently presented to humankind as money"
The End...
"fuck a banker"
Whether the train leaves today, the next or sometime after that, this family is all onboard and our luggage is on our laps. We're as ready as we can be.
Oooh, the vampire squid found something shiny! But it can't eat it . . . everyone says so. Then why does it want to keep it?
Anal retention syndrome.
Load the boat ladies...Silver moon shot imminent.
Has JPM taken their foot off of the brake, vis a vis, the rico lawsuit?
At the very least, now that they are under investigation, naked shorting might not be an available option. Shorts must be shitting thier undees.
This may be correct observing the price action at 25.50 right now.
everyone else seeing a 10% premium on physical??
with handling and shipping it's almost 20% for me but probably because i don't buy enough each time
I recently (a month or so ago) paid a premium of about 15% buying rolls of Silver Eagles at the local coin shop.
Silver to $28 by Xmas; SLV to "0" shortly thereafter.
I like slv as a tool to leverage up in out of the money short term options. Say I take a .20 cent option ($27 nov 18th call option price right now). The price of silver is squeezed to $30 and it pays off each option $3. Then I take that money and buy physical silver at $30 an ounce, I have effectively paid approximately $2 an ounce plus premium and trade cost. Now that is a way cool pry bar, but like all tools, it can be painful if it slips!
Put in an order for 7 silver eagles on Tuesday at $24 and some change. Got them for Christmas presents for the young ones of the family. It will be so cool to hand them out saying they have already made 50%.
I find this very, very interesting. Particularly when you consider that silver is headed through25.50 on its own merit. Sounds like 27 will follow in short order.
grrrr..i've taken recent interest in industrial too..the in-laws can probably find some use in water purifier systems they are tinkering with. junk silver for shits and giggles..it dun matter
that sale was awesome over halloween too ;-)
Turk said on the 28th, that it would be $30.00 in 18 Trading Days.I think he may be right.
Wonder if the Ching Dow Asian Mkts did the SQUEEZE.
Haven't heard anymore about it.
If they wanted to, they could take this bitch to the moon, with not a LOT of money, if they snag physical.
And Robo was dissing PAAS 2 days ago,fuck that must hurt.
Makes perfect sense for Goldman to be long Gold.
We never said they were stupid, we said they were dishonest.
Sorry, 'dishonest' is not politically correct. Goldman is 'ethically challenged'.
The RICO thing is just lovely, especially when the snowball is starting to get momentum and hitting the part of the slope that has a really nice decline.
I ordered some silver coins and a few gold bars 4 days ago, on top of a healthy serving of options...
I am most certainly having a "SHWING" moment. Viagra ain't got nothin on this!
The kilo coins are fun to juggle. 10 ozers and 1 ozers are fun too, but I love to flip the kilos around. Good fun.
Now if I could just find my treasure map to all of my hidden locations. Damnit.
If that's true that would explain them calling for 4T of QE
Will silver lock limit up? What is the limit?
Umm where's robo? Perhaps he can post a useful chart this time around
Fuck me. This is exciting.
You are easily excited aren't you? I'll pass on the invitation, however.
I'll pass on the invitation as well. Still it is pretty exciting to see today's run in the metals.
at your age, you should be taking anything that comes your way.
I did give it a thought, however, I figured a mountain man was probably unbathed for some lengthy period of time resulting in some odoriferous condition.
Get my drift?
Yo, I'm a Mount'n man and I love Mount'n women! :>D
Every man-jack from here to the sea of Azov is long gold. The whole article is nonsense in attributing some nefarious conspiracy to Goldman as relayed by "a source out of London". Oooooo. There will be no short "trap" of any Chicago locals that lasts 10 minutes or 10 cents.
The story does sound like bull****. On the other hand, silver is going ballistic.
it makes soooo much sense now why the CFTC thing has suddenly been allowed to go ahead and why manipulation is now out in the open.... GS is about to get rid of HSBC and JPM... Lehman and Bear Sterns already gone... skills from the GS massive
Goldman is playing chess, the rest of 'em are playing checkers. "There can be only one."
...as if they were never long? accumulation has been and ever shall be ongoing...the only difference is what is printed on paper (pun intended) and what is printed on the screen. my question is, "where is the stagecoach?"
Silver is poor man's gold only if you didn't buy enough
Sell Silver Buy BAC. That's my 'smart money' play for today.
LOL
Or newly issued GM tax leins.
25.5 didn't seem an issue, 25.7 does.
Anyone else see a halt in /GC and /SI ?
My TOS data feed stopped, then the contracts gapped up, have since filled the gaps.
Silver is at 25.51 right now.
I have a little Jewish blood in my veins and have a
big fetish for gold and silver from childhood on.
Goldman buying gold should be no surprise it
is all in the name.Big banks are short on paper but not
their owners,they are loaded up on gold probaly
hidden in secret places all over the wold.Where
did all that gold from English treasury go to??
And not only England but Holland as well and
a lot of other nations in Europe got robbed from
their gold,it is all planned this way of course.
Wich will be no surprise to much of the ZH readers.
Let me be clear about one thing;I fckng hate what
these croocks are doing to Amerika and the wold.
Honest work and honest money is what we need.
Rumor has it that British and Fort Knox gold went to th
I can't believe this conversation has not made the news: http://facequotes.com/1556/
:)
So, let me guess... They've been taking their free Benny Bucks, shaking the tree hard with them at the Crimex, thus picking up paper gold on the cheap, then use them to create a basket of GLD shares, then later redeem the basket for physical.
Amirite?
+1 on "the crimex."
This is my first comment on ZH,
I have this question, can some one help me out here, I am no way related to finance or markets, but I am a IT Consultant and a big fan of ZH, never bought a share in my life, but recently purchased some gold after reading ZH posts.
Lets say if the so called elites own everything includin gold, what if we are buying gold, doesn't this also eventually benfit them (like spending money to buy gold) Isn't this what they wanted spend, does it matter where you spend?
You will be your own soverign entity. They will have to redistribute the stolen wealth. They, the bankster, fraudster, scammer, ponzi schemers are going to have to give up their loot in order to keep themselves out of jail and to repay their debts.
Silver is still > $25,5 and yet no magic $1 jump...
Hmmmm, porky pies me thinks...
Come again. $25.87/oz and still going up.
There went you buck, and then some.
http://www.netdania.com/Products/live-streaming-currency-rates-foreign-e...
I knew I should have pulled the trigged on that purchase! Damn you Bernanke!
Closed out my silver short about $5.00 ago....................
The printing presses know no bounds...........
GS long gold? who would have thunk it?
http://www.zerohedge.com/article/cftcs-chilton-admits-silver-market-subj...
Gee I'm on the same side of the trade as the fucking Squid.
I'm not sure that is a good thing
They are "market makers" they cover both sides of every bet...like a good bookie would.
I'd say that Eric King's info is looking pretty solid right now.
I like the mining stock companies here. Way undervalue if you ask me.
Just wait until the investment world discovers that GLD and SLV are shams. The HUI will double in short order.
$26.05
Damn - he's my hero!
-- insert happy dance here --
wait - that's in USD right?
Double my FRN's just doesn't ring as nice.
darn - gotta get to the currency exchange...
ah - never mind, the race to debase...
know what? I'm all in physical now, might as well just keep it and use it as MONEY!
I've stopped buying. Why? The pendulum swung in the "HOLD" direction.
when silver was about 18 bucks, the nzd was about .69 USD . now silver is 25.50, and climbing, yes, but the nzd is now about .80 USD so it's gone up about 8 usd, but only gone up 4 nzd. Pick a currency. any currency. now compare it to the USD. Despite being bombarded with stories like "kiwi rallies against USD", "Strong AUD makes further gains" the fact is, the USD is being re-adjusted to its true derivative-diluted value.
Silver will get to $600, but 1 nzd will be worth 22 USD, 1 AUD will be worth 24 USD.
And silver will still cost me at least 32nzd a round once the premium for the pretty patterns and the conveniently-low legal-tender-facility is added on.
this is not to say that buying silver isn't a good idea...it sure is if you have USD right now. But its value relative to everything else isn't changing much.
What else does the pendulum reveal? it will suffice to say that if you aren't shorting the living fuck out of the usd, you're missing the opportunity of a lifetime.
--------rides off to the liquor store on his magic carpet which contains manifold local symmetries.---
p.s. don't bitch about my ball-park figures. i'm a sniff the wind type of guy, not a meteorologist. and i'm still right more often than they are.
buy silver and demand delivery....do it early and do it often....jim willie reports that asians are out for blood on silver and are demanding delivery....the arrogant sociopaths on wall street need to be destroyed....money belongs to the people not to a cabal of greedy bankster terrorist vampires.....
open the mint to silver and gold....
Long term Gold/Silver Ratio of 15 or existing supply ratio of 17 yields 81-92 price range for silver ounce....problem is the bithcez are so bulky!!
No kidding! For someone like me who insists on holding 90% of my savings in physical metal, and only 10% in mining stocks and fiat trash, silver is "just too big, bulky, heavy".
Of course, I also know that in 2~5 years I'll be massively sorry when silver costs $1400 per ounce while gold only costs $25,000 per ounce).
My problem is, I'm leaving the USSA for good in 5~6 months, and transporting 1000 pounds of silver scares and intimidates me greatly. 15 pounds of gold fits in a small case. I plan to ship via insured FedX, albeit in several smaller boxes.
What goldman is doing and others have known about for generations is that gold and precious metals and resources are good to have. They are putting liquidity into the shorts in order to bring down the prices and then buy it on the downside. I'm not to shocked, for you to have such a large international banking company, you would have to know how to play the game. They don't believe in printing anymore than Ron Paul, but they use it to make money and when they see that the game is coming to an end they use it again to buy up the depressed resources.
You really called it boys!
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No. It is only a criminal event if one of us were to act like this. If you are one of the cherished elite, this is just normal business. Besides, the CFTC and other regulators are always on the lookout for suspicious activity, and if ANY of this were improper they would be all over it by now,
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