German Gold Hijinx

Wed, Jan 16, 2013 - 11:54am

I guess it all depends on how you look at it. Either this is all on the up-and-up or it isn't. Either this is a purely political show or it isn't. Either the gold is really there to be repatriated or it isn't. It's up to you to decide.

Just three months ago, The Bundesbank labeled as "lunacy" the idea that German gold needed to be brought home. They announce today that they're doing it anyway, but in sizes nowhere near what had been speculated. Is this just a political trick to mollify the German hoi polloi? Probably. It certainly doesn't upset the status quo or shake the global banking system in the manner we'd all hoped.

However, you could also choose to look at it this way:

  • In preparation for The Great Reset, the Germans do desire to repatriate as much gold as possible but they also don't wish to bring about The Reset any quicker than necessary.
  • So, they bring home "their French gold" but only do so at the rate of 50 tonnnes/year. Why? If it's just sitting in a vault and collecting dust, why not ship it all home over the next few weeks? What's the big deal?
  • And why leave "their English gold" untouched? Is it because all gold stored at the BoE can be leased, hypothecated and rehypothecated many times over, thereby making reclaiming it impossible?
  • And why bring back just 300 tonnes of "their American gold", again over the next 8 years? It shouldn't be that big of a deal to pull up a few pallets of "barbarous relic" from below the streets of lower Manhattan, drive it over to JFK and load it onto an airplane bound for Frankfurt. Should it?

Hmmmm. Maybe, just maybe, their French gold is long gone and the Frenchy-French need some time to come up with new supply to pay them back? ( Maybe the English gold has all been shipped to China and other points East, where it has been resmelted into kilo bars with official Chinese insignia? ( And maybe, just maybe, the American gold is nothing but paper certificates and IOUs, no more valuable than claims on the GLD? (

Ahhhhhh....what do I know? I'm just a Turd. A dope with a MacBook. I'm sure it's all just fine. Move along. Nothing to see here. All is well. Go back to sleep.

Anyway, it has been a few days so we need to update the charts. Let's start with gold. Take a look at these two, daily charts. You can clearly see the price double bottom. This also coincides with an open interest bottom in late December. In the big picture, me likes what me sees.

Now check out this 8-hour chart. Besides all of the horizontal and diagonal resistance lines I've drawn, gold will likley run into some tough sledding near the 50 and 100-day MAs. The fifty for the Feb13 contract is currently near $1697 and the 100 is near $1718. Taking it all into consideration, the "all clear" for a rally can't truly be sounded until gold gets up and through about $1710-1715, maybe in a week or two. Until then, I just plan to keep stacking physical. I'm not going to buy any more options just yet.

As you might expect, silver has a somewhat similar picture. It came down in late December and then double-bottomed just below $30 about two weeks ago. Since then, it has seen a steady progression higher. Now it just needs to follow through. It is finding resistance near the highs of 1/2/13 (31.50) and it needs to break that level to draw in more buyers. Once through there, expect slowdowns near the 50-day, currently at $32.01, and the 100-day near $32.60.

That's all for today. I need to go take a little boat ride with all my guns and ammunition. It'll probably take most of the day. More tomorrow...


About the Author

turd [at] tfmetalsreport [dot] com ()


thurd aye
Jan 16, 2013 - 11:57am

Well it looks like me,I don't know

Overwhelmed ;O))

First and last time.woohoo.

Jan 16, 2013 - 11:59am

Its because that's where the money is

401k and IRA at risk, right on schedule...

"While attending a terrific symposium recently on the retirement challenges women face, I came away with a stark realization: Washington has a bull’s-eye on every American’s 401(k)."
Jan 16, 2013 - 12:00pm


Cost me three spots to refresh the page

Jan 16, 2013 - 12:02pm

The D-Mark will make a comeback

maybe not this year but within 5 years.

Jan 16, 2013 - 12:02pm

you know what to do,

Keep stackin!

Jan 16, 2013 - 12:04pm

Germans bomb Pearl Harbor

Well, metaphorically speaking- kind of...

Missiondweller RTMoney
Jan 16, 2013 - 12:05pm

Yep, way more money than in gold confiscation

and can be done with the stroke of a pen rather than searching homes door to door.

I've written on it previously here for those interested:

Jan 16, 2013 - 12:07pm

the thirty one fifty does look like a magnet.....

today. @RTMoney I posted this link sometime back: I would say without a doubt their eyes are set on using our savings/pensions to extend their PONZI. History proves this as well.

thurd aye
Jan 16, 2013 - 12:08pm

MSM so quick with their reccies.

Gold price on the rise: How to invest in bullion

The price of gold was on the rise today after Germany’s decision to repatriate its bullion. We explain how you can profit.

;O)) The article itself is a puke bucket,MSM drivel.Just another indicator.

Jan 16, 2013 - 12:10pm

@Turd re: "nothing to see here, go back to sleep."

I can't resist my new, favorite quote, one more time:

"We'll know our disinformation program is complete when everything the US public believes is false." -William J. Casey, 1981

Jan 16, 2013 - 12:11pm


s'true !

Jan 16, 2013 - 12:15pm
Jan 16, 2013 - 12:20pm


China sovereign wealth fund may cut US debt holdings

CIC President Lou Jiwei speaks at the Asian Financial Forum. Photo: Reuters / Agence France-Presse in Shanghai / Tuesday, 15 January, 2013, 4:42pm

China’s sovereign wealth fund, which has more than US$480 billion in assets, could cut holdings of US Treasury Bonds as they are becoming a less attractive investment, state media said on Tuesday.

The Shanghai Securities News quoted Lou Jiwei, chairman of sovereign wealth fund manager China Investment Corporation (CIC), as telling a conference in Hong Kong on Monday that the US economic recovery had made other investments appealing.

China has the world’s largest foreign exchange reserves and according to US government figures is the largest foreign holder of US Treasuries with US$1.16 trillion at the end of October last year, the latest available statistic.

“In line with the future US economic recovery, the appeal of US debt is weakening,” Lou said. “From a long-term perspective, it is not a good investment target.”


Al Huxley
Jan 16, 2013 - 12:26pm

Nobody cares about gold, or

Nobody cares about gold, or sound money of any kind for that matter - regardless of whether the foolish, 'tradition-bound' Germans want theirs back, or if the US monetizes 85 billion or 850 billion or 8500 billion in debt a month, or if Greece is broke, or Spain, or Italy, none of it matters anymore here in bizarro world. Free money for the banks, endless debt for everybody else, system now openly corrupt for all to see, just ignore it and when the govt tells you inflation is 2% accept it and don't believe your lyin' eyes when you pay the grocery bill or pay for gas.

Jan 16, 2013 - 12:26pm

Executive actions

Does Obama's executive action ban anything?

Jan 16, 2013 - 12:29pm

more on Mali from debka

seriously F'd up situation, if accurate...

France in Mali fights the unfinished Libyan War
Al Huxley
Jan 16, 2013 - 12:29pm

@MSM So quick with their reccies

Gold price on the rise: How to invest in bullion

translation- "We're planning to break the price of paper gold again and we'd like some retail volunteers to take the long side of the trade, if you don't mind. Thanks ever so much for being good sports about this."

Jan 16, 2013 - 12:32pm
Jan 16, 2013 - 12:34pm

Chris Powell of GATA said: (in part)

"Venezuela last year managed to repatriate all its gold from the Bank of England in a matter of months, but apparently the Bundesbank will need seven (now eight) years to retrieve only a small fraction of its gold from the New York Fed.

Bundesbank board member Carl-Ludwig Thiele's comment today, defending such a minimal repatriation, seems silly. "If I hold gold in my own vaults, I have to check it myself," Thiele said, according to the Reuters story appended here.

So, Herr Thiele, if you keep it somewhere else you don't have to check it?"


If you keep it somewhere else (NY Fed), there is nothing TO check. SOOOOO much easier to account that way.

Jan 16, 2013 - 12:35pm

Must. Not. Allow.







Needs a shove. IF we can get it, the tripping of buy-stops should send it toward $32 pretty quickly.

Jan 16, 2013 - 12:35pm


Like everything Obama does, the only result is a nice speech and MORE gov'ment. Look at the 23 points and think about how many gov'ment jobs are created. Typical socialist BS...

BTW, he chose '23' because he lived in Chicago area and that was Michael Jordan's #. The whole gun control thing is just drama/distraction.

Jan 16, 2013 - 12:38pm

As always with politicians and bankers...

....actions speak louder than words. There is a lot of hullaballoo about the German Gold, but when you actually look at the actions being taken, we "ain't seen nothin yet."

Since we are operating on the word of politicians and bankers, the only safe thing to assume is that they are lying because that is what they do best.

As I pointed out in the previous thread, it only makes sense to me that they are lying to the German people to survive another day without admitting what everyone else believes to be true, that their gold is gone and is not coming home.

Sure, the sheep still believe what TPTB spew, but when you put aside their lies for a second, if the decision has been made to bring home the German Treasure, the only time frame that makes sense is immediately if not sooner.

Watch what they do, not what they say. Which is the exact reason that we all stack, because the central banks are stacking at the same time they are telling us why we shouldn't.

Jan 16, 2013 - 12:45pm

Good timing

Silver now moving through $31.50. About to spike a bit???

Pax Argentum
Jan 16, 2013 - 12:50pm

If I might be allowed to state the obvious...

#24: Direct the Department of Justice to cease sending semi-automatic assault weapons and high capacity magazines to Mexican Drug Cartels.

What a complete and utter propaganda stunt.

Can anyone definitively prove that the guy isn't a cardboard cutout?

So sad, to think of what we could have been - to have settled for this.


Jan 16, 2013 - 12:51pm
Pax Argentum
Jan 16, 2013 - 12:54pm

I agree

"The Left" wanted way more and "The Right" panicked over nothing.

Same old, same old. Pit the masses against each other in order to keep them busy.

Urban Roman
Jan 16, 2013 - 12:58pm

A question for Turd's Army

A question for Turd's Army: the front page shows an advert stating that it has made $70K since last year. Is that per-client, or is the $70K divvied up among the dozens (hundreds?) of participants?

[edit] From the site, it looks like that is the return for "one contract". How much is a contract?

And, rpboxster, thanks for the feedback on TPM.
Jan 16, 2013 - 12:59pm

$31.50 on some charts

but weird that the candlesticks show it no higher than $31-47.

Grigeo TF
Jan 16, 2013 - 1:10pm

"The Right" panicked over nothing

Respectfully disagree. If they backed off for now, it is only because of the extraordinary pressure brought to bear on the politicians.

Stag Arms, 2 year backorder and is not taking new orders. One example among thousands of unprecedented demand. People fear this man.

Jan 16, 2013 - 1:16pm


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