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Is This The Reason Why Gold Is Suddenly Surging?
Total Gold ETF physical holdings rose 0.85% on Friday (following Thursday's 0.78% rise) combining for the biggest 2-day rise since Nov 2011 (adding 843,000 ounces of gold in 2 days). Of course these moves came right after the SNB decision ands are the largest since the peg was announced in 2011. GLD - the largest gold ETF - saw holdings surge 1.9% on Friday, the biggest single-day surge in almost 5 years.
TotalGold ETF Holdings surged 1.65% in the last 2 days
SPDR GLD ETF Holdings spiked 1.9% on Friday and 3.3% in the last 2 days - the biggest 2-day rise since May 2010...
Of course, once again this shows that only paper gold matters for price determination... physical is irrelevant (until of course, physical is all that matters).
Charts: Bloomberg
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Germans asked for directions to KY and ended up at CME instead? Now repatriating paper gold from Willy Wonka's chocolate factory?
What’s being held.. “the bag”?
True MONEY Phys GOLD $3K In The Shorter Term ...
Anyone that believes GLD holds any gold doesn't understand gold
China is holding the physical for GLD.
The only entities contractually to be paid out in physical are the five largest shareholders which happen to be the five largest banks.
Anyone who believes reporting by Bob Pisani doesn't understand logic.
Queue the Pisani Car ride to the vaults again......watta ya think Bob got after they blindfolded him......no wonder he was giggling and smiling on that car "ride".
He probably gave blindfolded handjobs like the cheerleader he is. Just another day for Pisani.
And if logic were common sense, don't believe anything you see on TV
Yep, paper isn't physical but these people have been trained that black is white, so there is a surprise in their future....
GLD holds physical gold. Just not nearly enough.
Personally I don't really care. I bought at $300.
worse, just the "wrapper"
There's not even tanks left at ky except at the museum. But it's a nice museum to visit
Nicholas Andre: "Where's all the money?" Lloyd: "That's as good as money sir, those are IOU's. Go ahead and add it up every cents accounted for. Look, see this that's a car, 275 thou might want to hang on to that one."
Why would they want to go to the Jelly factory?
Oh yeah, the old Cornholing trick.
Gotcha
I thought this was interesting. It would at least make a great novel. Anyone have any thoughts? http://www.wanttoknow.info/911/black_eagle_trust_fund
GLD Bitches
That, my friend, is FUCKING HILARIOUS! Might as well shout, "Number 15" at this point. This will help you get my reference:
Sammy is attending his first Comedian's Convention. He's very excited to see all the comic's he's seen on TV sitting at tables all around him.
The proceedings begin with a joke session. Jay Leno gets up and says "Number 64." Everyone in the hall laughs uproariously, except Sammy. Sammy turns to the older comedian who brought him, and says, "I didn't hear any joke. What's everybody laughing about?"
"These are all professional comedians," says his friend. "They don't need to hear jokes. They all know the jokes so well, they've given every joke a number. They just get up and say the number. It saves time."
Chris Rock has gotten up and said, "Number one hundred forty three," and again, everyone in the room cracks up.
"Could I try it?" Sammy asks his friend.
"Of course," the friend says.
So Sammy stands up and he says, "Number fifteen." Nobody laughs. Sammy is so embarrassed, he sits back down. Then he hears a voice mutter down near the end of his table, "Some people just don't know how to tell a joke."
In the 'proper' version of this joke Sammy's friend is the comedian Frank Carson, in the punchline Frank tells Sammy that "it's the way you tell them", instead of "Some people just don't know how to tell a joke." which may quite possibly be the shittest punchline ever................
http://www.chortle.co.uk/news/2012/03/03/14973/eulogies%3F_its_the_way_y...
wait till usa gold opens for trade
It's lovely, init... Heading for $1300...
"I'll take Charlie Weaver for the block."
Way to date yourself... :-)
If he knows who Charlie Weaver is, he is older than dirt !!! I had to look him
up myself !!!
Circle gets the square!
Charlie was bottom left corner. Paul Lynde was always in the middle row, center.
But we have our own Charles Nelson Reilly here on ZH. One of my favs. (I know that was match game)
https://www.youtube.com/watch?v=3q98WrVhaTg
~"Way to date yourself... :-)"~
"Well, at our age, who the hell else is going to date us?!? Half the time I don't want to go out, even with myself!"
:)
Leave me alone. I'm working on "curmudgeon".
After that, you start getting crusty.
After all he is a gringo viejo and knows it.
Yep. As Charlie said on Squares when asked the question...As you age, which of your senses weakens the fastest?
"My sense of decency."
If the SPDR GLD Etf holdings of gold have shown to increase,
is that a measure of physical gold holding?
Supposedly... yes. Just like the Fed has 1600 tons of gold in Ft Knox and Under Liberty St in NYC. I would not take that info to the bank ... err... the vault .... the boating accident.
I thought that Goldfinger stole most of that 1600 tons. Or did Bond and Pussy Galore foil the plot?
As you likely well know, many of the posts on ZH claim that there is actually no physical gold held by the Etf. Now this article seems to claim that some report on an increase in actual gold holdings by the GLT Etf could have an influence physical gold price. It must drive the conspiracy theory creating robots into high spin mode.
Nuke the euro, buy a brick.
Better yet, "buy a brick in Swiss Francs."
What a scam.
Holding comex warehouse receipts, and physical gold, are 2 different things.
GLD must be backed by physical, or the sponsors and Authorized Participants are explicitly guilty of fraud. Thus GLD ETF buying creates demand for PHYSICAL. The best way to expose the manipulation is THROUGH THE GLD. Liquidate essentially fraudulent financial assets and use a small percent to buy GLD. Even a few percent would end the games forever as essentially fraudulent financial assets exceed real assets by many orders of magnitude...
Well since GLD can probably sell shares at a ratio of 100/1 of phys then they can sell a hell of a lot and then force settlement in cash. If GLD is doing well then manipulation is ongoing.
It cannot. Each share must be backed by physical. GLD may be able to lease gold.... Likely TBTJ BB have abused that. Doesn't change the reality that the financial asset ponzi due to fraudulent fractional reserve banking findancial assets would be exposed if BB who borrowed the physical to run trading games couldn't deliver...
You better review your trading terms a little more carefully. You can only take delivery on large amounts and you CAN be settled in cash. Also yes 100/1 is considered backing and assumes you will settle in cash.
GLD is NOT COMEX. It is a physical fund. They cannot do 100-1. It would be fraud. It MAY lease to BB/AP, but the ENTIRE HOUSE OF CARDS WOULD COLLAPSE WHEN BB/AP cannot deliver.
OK whatever you say. When you take delivery on 10 ounces from GLD please post a link to the photo of it and the GLD receipt. Or are you planning on settling in cash?
You conflate my taking delivery with the GLD sponsors HAVING TO BUY PHYSICAL AND THUS DRIVING THE PRICE UP WHEN NEW SHARES ARE ISSUED. If people/investors convert fraudulent financial assets to GLD, then GLD sponsors must buy physical gold. It is the easiest and most direct way to end the financial asset ponzi.
LOL Yes a ponzi eventully blows up when enough suckers are "in".
"It cannot. Each share must be backed by physical."
Sure it is. If you believe that, then I have one ton of gold certificates to sell at 1/2 spot.
http://www.silverdoctors.com/ned-naylor-leyland-reveals-actual-owner-of-...
So, lat25, you believe the article posted is just a BS article? The report of increased physical holding by the Etf is just made up and a fraud? GLD had no physical and still has no physical, no matter what they report?
Is the conspiracy theory robot in hyper drive spin mode?
The article states that PHYSICAL holdings increased.
No. I believe the article that GLD holdings have increased. Those holdings are simply being sold as paper to a multitude of suckers as the price rises. This is exactly how gold prices are manipulated, up and down. When your LCS tells you they have nothing for sale and ebay has outrageous prices for real , not fake, coins, you will know the market is broken. Either that or there is a large delivery problem to Asia or somewhere else and the pricing mechanism just shuts down for a few days.
+1 Pay no attention to the bankster shills and assclowns that populate the gold threads here at ZH these days.
Price discovery was broken in the PM sector many years ago. Well before the fraud ridden ETF pigs like GLD and SLV came along.
Unallocated LBMA gold could be considered "physical", ie it would be 100x leveraged physical
It also suspect that they are doing gold lending (as part of a leasing agreement) which is not explicitly prohibited by the prospectus as for as I recall.
Maybe the tylers can do a COMEX open interest vs COMEX warehouse inventory vs GLD inventory graph that might also be quite interesting.
GLD must be backed by physical, or the sponsors and Authorized Participants are explicitly guilty of fraud.
Cue the unicorns shitting rainbow Skittles...
gld was a fraud to begin with. it diverts investment dollars away from physical, and drives the price down with said funds.
Currencies are proving to be extremely volatile as the Central Banksters lose control. Best to convert a portion of your wealth into a safe currency like gold and silver.
Besides, banks are giving negative returns on your fiat money. So why not consider gold instead?
Gold and silver are not currency. Why even mention silver? Gold is the only monetary metal left. Silver is used by industry too much.
Agreed to justobserving.
In addition to converting fiat currency to gold, I would suggest that everyone liberate any extra fiat from the banking system and keep it safe. Meaning in the ground, where only you can get your hands on it.
Far less risk- in my opinion. Besides, those fuckers have been using it interest free for far too long!
So those GLD phys holdings are coming from where? Shanghai? Mines? SNB? Empty London vaults? The FED? Fort Knox?
Gold and silver are both going to move much higher this year. As the markets sell off all the PM's should do well. They will be good tangible assets at rock bottom prices to hold and borrow against for prudent investors.
I really like the monthly silver charts. :-D
Are you planning to put your gold up as collateral for a loan?
I might do some borrowing in gold terms. Interest rates are very low, and as gold and silver rise they would make my borrowing costs even cheaper.
Gold and silver are going to rise across the entire currency curve, I just haven't taken the time to project which currency would be the most favorable in terms of cost averaging, and interest rates.
Metals might be good leverage for short contracts on HYG and distressed R/E. The bad guys have fucked us for the last 6-7 years. Maybe we should return the favor in Spades?
Yes I'm with you on the HYG and R/E when the price in Au looks right, ie blood in the streets. Return the favor indeed.
Yes Sir,ee. ;-) Looks like we have a fan?
Heck you can even use your physical to by MOAR physical (Chinese copper style x3)
Gold got expensive versus rubles this winter.
Rubles not the only "currency" losing to gold.
It looks more like rubles got cheap in gold.
Sorry but what is HYG
http://www.acronymfinder.com/HYG.html
http://finance.yahoo.com/q?s=hyg&fr=uh3_finance_web&uhb=uhb2
I agree. I also think markets are up as they front run the ECB's decision on Thurs. I think the only thing up in the air is size, scale, and duration.
I'm just glad that I don't own Bitcoin...
Poor foney. Word is he's selling loosies in Brooklyn.
I forgot what a bitcoin is :(
Poor foney my ass, that troll's tripe was getting so damn old it wasn't even funny. The sad part is whenever an asshole like that leaves three more .gov trolls fill the void.
SNB is just the first to exit the glo-bull currency printing scheme between the US, ECB, Japan, China, etc.
Like the first whiff of smoke in a crowded night club.
Look for others: Korea, Israel, etc.
And then, STAMPEDE!
Bye-bye QE ponzi!
I will remain skeptical of all such posts unless Trader Dan confirms their veracity.
Gold is surging because the "Secret Hand" that ultimately and inevitably moves markets is saying there's going to be a painful strife-filled depression with broken windows, rats dancing in the streets, protests, looting, etc ... followed by massive QE intervention to quell the unrestful, hungry hoi poloi which will force gold to $2,000 and beyond is my brokers guess.
I agree.
Gold is surging because the central bankster ZWO mantra of "one for all and all for one" is giving way to every man for themselves.
Let's hope they all jump off the USS Fiat into the ocean just as a Russian sub emerges with .50 cals flaming away at them.
Where's Harvey...?
Where did Harvey Organ go? Does he have a new site...did his kid take over..he used to have some good info for PMS....
Here you go:
http://harveyorganblog.com
Milk?
Oh wait
http://finance.yahoo.com/news/imf-chief-warns-greece-debt-debt-131306966...
Grexit the only way out of ‘valley of tears,' says Hans-Werner Sinn
...until it hits the ledger, then it's an asset.
PM HAMMERFUCK IN 3...2...1...
Could be or maybe the old SNB hammerfuck is broken and a new sucker needs to be found. Those Swiss are probably secretly scooping up phys right now unless they've somehow lost 100s of years of tradition. It just got a lot cheaper in Swiss Francs
4 years of unadulterrated manipulation has jaded IR.
CHF is much more expensive in gold terms these days.
I think you will see countries ask for thier gold and take delivery of the real stuff....these ETFs will fall apart as the warehouses are emptied and it will be found out te ETF has no physical.....the last country to ask for his gold is going to lose....and speaking of layoffs....the Comex should be laying off a bunch of people as they have not moved any metals for a couple of years...what do they do all day in an empty warehouse....???? The customers are moving their gold out...the dealers do nothing...never setttle anything as far as I have seen...
I wonder what General Secretary Xi is calculating, vis-a-vis gold, amidst all this hoopla - and growing mistrust/loss of confidence in the global monetary order.
What if these 'Richard Cabezas' decide to force gold and silver dealers and banks to charge a stiff Trx Tax on any attempt to redeem gold and silver for any currency?
That would flag and identify any stacker, or force him/her to deal on the black market and pay exhorbitant fees anyway...
They could - Easily. The 'black market' however, is already considered the default mechanism by which trade in PM's would take place. 'Stackers' (in general) don't fantasize about rushing down to the coin dealer to cash in an Eagle for $5k - or whatever the real-time market price may be at any given second during that fateful time. That's not what this exercise is going to be about. This is about survival - literally, in a time of confusion where trust - and Vehicles of trust-in-trade (real money) are going to be paramount.
very true.....i once heard that silver is for bartering with during the collapse. gold is for the recovery.
The central bankster mafia haven't even begun to dig deeply into their bag of dirty gold tricks yet.
Most likely the first trick will be taxes, fees, association with terrorists, etc just to drive people out of the market.
Faber recommends storing gold outside the US. This is not feasible for most people, but DIY deep storage is via capped, glued PVC tubes.
Also, a heads up...anyone who keeps their gold in a safe deposit box is a fool. Sooner or later that will all become the property of the ZWO.
"...association with terrorists..."
Yep - 'cause anyone with gold is very likely to also have guns to protect it....
Well, I think I'll hide my gold in my left butt cheek and my dried beans in my right butt cheek.
I'll bet Kim Kardashian has lots of gold and beans....judging from the siz-o-that-ass on 'er.
Why would the government go after gold? There is a lot of far easier wealth to get and most of that could be had without a struggle.
Gold in 1933 WAS money. Now it is just another wealth asset (the best one but still....)
Hey about this:
but DIY deep storage is via capped, glued PVC tubes.
How would you keep this from showing up on a metal dector? Bury it deep enough to touch the groundwater? wrap in someother metal and ground it?
Really want to know.
there will be a v- shaped erasure of losses on the Dow in preparation of "the state of the union address..."
Negrodamus
Anyone buying into GLD for insurance/protection?
Hint: you're doing it wrong.
Probably surging because the EU is about to print the fuck out of the Euro.
Correlation <> causation but it's a start!
....bullish.....https://www.youtube.com/watch?v=HP7L8bw5QF4
26 tons up (in a 7 day period) was unexpected but it happened. I suppose the mines could have had some excess production that wound up in the GLD inventory but a gradual depletion in inventory is what I expect...until the gold market breaks. At that point I expect all GLD holders to be cashed out and the remaining physical to go 'where it needs to go'...and that won't be to the little guy. We should just buy physical ..and wait. If you buy lots of physical, hedge with DGLD. That has been painful lately but the unexpected is what I'm expecting. that could be a huge drop in gold price prior to collapse.
Eventually the physical will save the day but there might be a prolonged period of low gold prices that physical gold advocates need to deal with.
Prepare for a reversal on the widely advertised Euro QE... whan has Draghi-queen or any Goldman swine EVER told the truth about anything??
And when did the Germans ever consent to ECB QE?
If Germany gave the OK, it may be called QE, but it won't be recognizable as such.
May I see a photo of this "26 tonnes" with some proof of the date and where it was "purchased"??
Has anyone really read the fine print in the GLD or IAU? To take delivery of real gold you must have over 100K in it. Period!
Schiff has a new gold fund that is supposed to be easier, but he jacked the redemption fee and minimum amount to levels that make redemption impractical.
lots of gold moving around the etf's of the world, but for some of us, we put it in the same game as the FED's we got the gold but you can't look at it..it would be good to know is this gold moving from one LME cage to another etf cage? or is it perhaps just make believe..I don't bet on the etfs having what they say..
If anyone is buying GLD as 'insurance' against a market collapse, then what should they buy as 'insurance' against GLD not having the gold it says it has!
IMO, don't buy any gold ETF.. Buy phycial gold and silver at much lower levels than now. IMO, The banks will still monkey hammer the price down.
Cash is king right now so be prudent with your spending at this time.
Or buy CEF if you can w/o any tax implications.
Russia & China are going all in on the gold...
http://www.shtfplan.com/headline-news/russia-and-china-furiously-buying-...
Governments and Central Banks can expose the root cause of the financial asset ponzi by taking gold parabolic. All they have to do to reliquify their economies is buy gold in domestic currency terms.... Let the TBTJ banks sell all the gold. Hell, people could expose it all today simply by liquidating the trillions in float scams like NFLX to buy GLD (because the sponsors would have to buy physical or expose themselves...). GLD is an ideal place for CB and other institutions to squeeze the Authorized Participants (TBTJ that has run the financial asset ponzi and used it to hold us all hostage for decades).
The reason is simple. The central banks sold gold for bying stocks and bonds. Now they reverse. The SNB is the first. They get out of fiat/euros. And back into gold.
While the gold and silver paper was low, I bought a whole truck load. Now i dumped half and made out like a big Boss.
Now time to buy more phyiscal before it rises more and catch that wave higher.
I'm just wondering how high silver and gold will go when the dollar begins to lose value. It's very impressive that both gold and silver are the best investments of the year so far, along with the US$.
Imagine what happens when the dollar eventually weakens!
Yikes! 2018, gold, $3000, silver, $100, and those are conservative estimates, and, in the case of silver, assuming a 30:1 gold/silver ratio. Buying more (silver) on the next dip, if there ever is one.
WTF happened to the lease rates in December??? I remember a link on ZH about the previous jump but I missed that gargantuan one, can anyone shed any light?
http://www.kitco.com/lease.chart.html