New From Sprott: "Do Central Banks Have Any Gold Left, Part II"

91
Tue, Mar 19, 2013 - 10:43pm

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  91 Comments

Mr. Fix · Mar 19, 2013 - 10:46pm

First!

God I miss this place!

alwaysbullish · Mar 19, 2013 - 10:46pm

Not sure with all the

Not sure with all the physical news info. But in India the lean period for gold by ng is starting lasting a month.

silver66 · Mar 19, 2013 - 10:48pm

welcome back Turd

don't realize how much you miss something until its not there

Silver66

silver66 · Mar 19, 2013 - 10:48pm

welcome back Turd

don't realize how much you miss something until its not there

Silver66

Havenstein · Mar 19, 2013 - 10:50pm

I'm up there

toward the top

silver66 · Mar 19, 2013 - 10:50pm

welcome back Turd

I swear I only posted once crying

Silver66

That_1_Guy · Mar 19, 2013 - 10:59pm

Reunited.

Days like this.

I noticed a while back issues with the site...my computer was clean.

When you think...you are dangerous. When you cannot be turned against each other..you are really dangerous.

Lets hope i still have time to get that delivery.

History will have several stories here...ill know the real one.

GUY

Mudsharkbytes · Mar 19, 2013 - 11:43pm

No, not somewhere - eighth, I think

Who knows anymore.

Edit: Good lord - just looked at the last thread. Some people have double posts, I think I must hold the record - FOUR extra posts!

Did that from my iphone to boot.

Hit the save button - the website went down - never got back on until tonight and saw the carnage.

ag4me · Mar 19, 2013 - 11:49pm

GLD

is down another 11 tons today

murphy · Mar 19, 2013 - 11:58pm

we're back baby

as George from Seinfeld says. Nice to see all the virtual peeps. Hard to believe that tptb didn't know that Cypress would vote no. All a set up.

Strongsidejedi · Mar 20, 2013 - 12:11am

Fantastic!

great to hear from Mr. Sprott.

Thanks for working on the site... I really missed posting this afternoon.

Bugzy · Mar 20, 2013 - 12:15am

Site innards

Feel better than they have for a while. I do hope that indigestion problem has really been routed; groan laugh

Moderator Jane · Mar 20, 2013 - 12:18am

Server FYI

We'll let you know when we feel the server is fully stable, but for now please expect more downtime and outages as things get fixed. We're passing off the hat to the web hosting company right to do some major system checks and other updates while we get some rest. I've been at this all day and I'm exhausted. We hope it will be better tomorrow.

Thanks for your patience and understanding. 

Karankawa · Mar 20, 2013 - 12:40am

I didn't realize how many times I go to this page.

Zerohedge, dailypaul, dailybell, and a few others are where I get my News!

Turdle GG · Mar 20, 2013 - 12:42am

Just for a change..

I'll make a comment relating to what Turd just posted.

It scares me that Sprott is providing more circumstantial evidence that the supposed US gold official gold reserves may in fact be gone or largely diminished.

Rickards has always maintained that the US and Europe will be OK under a new gold standard, as they've got the highest gold reserves.

But, if the gold is not there, what lengths will the US go to in order to maintain the current fiat system? To ultimate lengths, I guess, meaning that if you have the world's dominant military force you can always try to steal back the gold that you sold away. But if the major buyers have been China and Russia...

Surely there's another explanation for the missing supply source?

· Mar 20, 2013 - 12:43am

From Blogspot

Reposted.

TF, thanks for the kind words. I am disappointed like all that the Morgue escapes again from scrutiny. Only a powerful sovereign, backed by military might, or many tons of gold can possibly shake the truth out of JPM. So, no, no surprise here that some old codger, lifetime appointed federal judge ruled to protect another too big to fail institution. Next up? CFTC ends silver manipulation case and that is that.

What is the lesson, really? Stack and prepare. Feed the Turd.

And to the gang, I love this place! Thanks for being here!

Mr. Fix, I agree that we are witnessing an historic, seething, writhing beast fully trapped in a death spiral of no return. Stay away from all moving parts, keep at a safe distance, wait for the crowds to disperse from boredom, then move forward in the new paradigm.

The new era will be far more equitable, but there is no room for freeloaders.

In the near term, tribal groups are the new normal. Nomads will be vulnerable. Bond with like minded folks, and try to weather the storm. Mr. Fix, get out west and you can stay with me anytime, no questions asked.

Magpie · Mar 20, 2013 - 1:00am

Stack & prep now, you may not have any $$$ left after this:

https://www.powerlineblog.com/archives/2013/03/huge-obamacare-price-incr...

The Associated Press reports that health insurers are warning of massive price increases beginning next year:

Some Americans could see their insurance bills double next year as the health care overhaul law expands coverage to millions of people.

The nation’s big health insurers say they expect premiums — or the cost for insurance coverage — to rise from 20 to 100 percent for millions of people due to changes that will occur when key provisions of the Affordable Care Act roll out in January 2014.

Turdle GG · Mar 20, 2013 - 1:09am

Santa again on KWN

Today legendary trader Jim Sinclair warned King World News that Putin’s decisive victory in Cyprus over the IMF has left the IMF one misstep away from destabilizing and creating massive bank runs throughout the entire Western world.

His meeting in NYC at 2pm on Wednesday coincides with release of Fed minutes and Bernanke speaking at 2:30. I know who I'd rather listen to!

I'm sure the gold bears would love to try to unsettle Santa by raiding gold at 2pm.

Karankawa · Mar 20, 2013 - 1:15am

@ Moderator Jane

Thank you. I was involved as an Admin for a network of a major chemical company. When the network goes down, you are the prime focus.

My problems were always technical, having to deal in todays political world must add a special burden. Thank you!

Thinking back, many of my problems there may have also been political, as I eventually quit because I exposed so much corruption in the plant they couldn't ignore it any longer.

The Watchman · Mar 20, 2013 - 1:20am
RuNuts · Mar 20, 2013 - 1:31am

Sinclair knew about the Russian Cyprus deal on the 6th?

https://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/6_Ji...

"If the US got Putin angry you would see something happen in the gold market. Russia, China, and other central banks know what the end game is. They know that gold is going to balance the balance sheets of the major deficit spending nations."

Karankawa · Mar 20, 2013 - 1:43am

Question.

Is there an opportunity for people to post on the WatchTower site if they weren't a member there?

The trolls were there, but I couldn't post anything.

In know how I could have. By creating a ficticious account etc. and linking it.

To me, that just explains how desparate they are and why they are going down.

Karankawa

Karankawa Karankawa · Mar 20, 2013 - 1:47am

Might I add, that you have an extra burden.

You my dear are working FOR the noble cause.

Many thanks.

Karankawa

Strongsidejedi Magpie · Mar 20, 2013 - 1:57am

@Magpie (health insurance premiums)

@Magpie.

These health insurers have obligations that greatly exceed their assets.

Health care is impossible to forecast well. But, the main factor in escalating health insurance costs is the inflationary pressure on our currency. As the FOMC keeps printing, the health care workers are facing escalating energy and fuel and food prices. These inflationary pressures are not monitored as part of CPI. The labor force ends up making higher demands for higher pay and obligations keep rising.

On the other hand, I went into several local hospitals at mid-day and saw very few people at the lobby. The money is getting siphoned off. That's why there's no workers in the cafeteria at mid-day.

Edward G · Mar 20, 2013 - 2:32am

Sprott piece

Yeah I thought the same as Turdle... How can they re-value/reset to Gold if they haven't got any? ...Also got me thinking what on earth might be any sort of plan to reset without Gold backing, or to mop up the debt in the global system. Heaven only knows, really!

 As I read avidly on Cyprus, I like Santa's input, and especially the reminder that the Troika is not European : even though Lagarde is the head of the IMF, it is a Washington/US/ Bretton Woods organization, and 1/3 of the Troika, who came up with this ingenious plan in Cyprus.

 Cyprus's options don't look that great, and as much as most of us would like them them to say screw U and go it alone, it does appear that the scale of losses might be much worse in that scenario, so what to do?. I have a theory the intended audience for all this might be the supporters of Grillo in Italy etc, making them aware of the magnitude of exiting the system (lots of people polled still want to remain in the EU)

At times like these, I think about FoFoA's insistence that the Euro will survive and is planned directly to be on a conveyor-belt course to being the new reserve in a freegold system, or something like that..... as days like these get one thinking that the whole bloody thing is wriggling in quicksand...

Missed y'all :)

Hagarth · Mar 20, 2013 - 3:30am

From: A Sober Look

Sunday, March 17, 2013

The thesis for higher gold prices remains intact

 

A number of strategists continue to call for significant price increases in gold. Apparently investors have been ignoring those calls. In particular hedge funds have been exiting positions in precious metals recently, driving prices lower. The chart below shows changes in holdings of GLD (gold ETF) by the two major investment groups.

Source: Merrill Lynch

Hedge funds have been responding to the recent strength in the US dollar as well as a number of technical signals.

Dollar Index (DXY; source: MarketWatch)

With some of the fast money out of the market however, there is a potential for firmer gold prices. In spite of the recent talk of the Fed exiting the aggressive monetary expansion policy, so far all signs point to more asset purchases by the central bank - at least in the near future. Historically gold price roughly followed the US monetary base (or bank reserves), particularly since the Lehman collapse in 2008. Recently the two trends have diverged. But as bank reserves continue to increase at a steady clip in response to Fed's purchases, this divergence is unlikely to grow further.


Moreover, Merrill Lynch analysts point out that over time investors will play a diminished role in determining the price of gold.

ML: - The reduced importance of investors in the medium-term is heavily influenced by more affluent emerging markets, which should translate into steady increases of spending on non-essential items like jewelry in the coming years.

Their model suggests that in the next few years, even if demand from investors declines, gold price could reach new highs. In fact by 2016, investor demand would only need to be at the level of 2008 to keep the price at $2,000/oz.

ML: - Our data shows that to sustain gold prices at $2,000/oz by 2016, investors need to purchase a similar amount of gold than in 2008, when prices hovered around $872/oz.

Source: Merrill Lynch


According to these models, in the coming years even a moderate investor participation will drive gold prices higher. And it won't take much to entice investors to keep buying at least at the same pace they were five years ago.

https://soberlook.com/2013/03/the-thesis-for-higher-gold-prices.html

Magpie · Mar 20, 2013 - 3:33am
pink freud Mr. Fix · Mar 20, 2013 - 3:52am

From Now On

the new code is Mr Hankey (from south park)

Santa + Turd = Mr Hankey

i listen to both, like people used to do in EF Hutton commercials

but I would never listen to banking scoundrels like EF Hutton, for they were network / prime time bitchez!

i am sending this from my satellite mind in NYC (santa convention) to my present self in...

over?

pink freud pink freud · Mar 20, 2013 - 4:10am

latest from KWN...

Today legendary trader Jim Sinclair warned King World News that Putin's decisive
victory in Cyprus over the IMF has left the IMF one misstep away from destabilizing
and creating massive bank runs throughout the entire Western world. Sinclair, who
was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street
crisis, had this to say in this extraordinary and exclusive KWN interview:

Sinclair: "The concept that our financial leaders are in some sense geniuses that
foresee the future and calculate every move based on their ability to divine what
will be the result of their actions, is absolutely false. The IMF made a massive
mistake here.

The IMF has now put itself into a very difficult position. The IMF must now support
Cyprus, even in the face of the rejection of the attempted confiscation of partial
bank deposits, or let the Cyprus banking system seek its own solutions to its banking
problems, which would be Russian Corporations, or Russia itself.

If Russia was to save the Cyprus banking institutions, then, basically, a sovereign
nation has trumped the IMF....

------------------------------------------------- end quote

my translation = clusterfuck of greed is fucking shit up! 

this is not planned.

pink freud · Mar 20, 2013 - 4:26am

Welcome to the Chris Farley Show...

remember when Jim S said that AU 79 would not see 1600 ever again?

remember when Sirus said, can you dig it?

then do you... like... remember... when he said... "Can You Dig It" again? but louder?

then can you remember when Spinal Tap said... but these go to eleven" ?

Buffalo Springfield - For What It's Worth 1967

something happening here

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