Member Info for MrBond46

Apparently " Rebalancing the requirements of the futures market".

Which in laymans terms ,means they have to hold physically ,more of what they are supposed to trade.

Though the figures distort the real Spot market, very little actually passes through their doors.Most is traded paper contracts.

Or as it is described by many, the Casino chips.

A strange world we live in, if you are not part of it.

A COMEX contract is 100 Troy ozs approx $450000 ,but the margin paid up front is only $5000 to $10000 depending on the broker.

Thats high stakes gambling. Glad not to be involved in that.

Anglo left Morila mine in Mali. Just as well they did ,Jihadists have taken over the minesite over the weekend. So whether good judgement or luck ,the company have less to worry about, so have we.

May this "Luck" continue !

You would hope a similar % of the gold price increase in the last few months. Fuel is relatively low and barring no problems with OPEC , along with other production figures ,stable. Gold has been tipped by many to be at $5000 quite soon, the banks are buying regarding of price as the $ is debasing itself ,with apparently no intention of paying off its huge deficit, so seems all systems go.

Do not forget the dividends coming in the near future.

Should be considerably higher, especially if invested in an ISA.

There is no where else to invest unless you go for arms contractors, but no concience is needed.

I wonder how long before $100 per share , place your bets please,we could hold a lottery , winner buys lunch ,somewhere exotic. Well not too exotic for accidental heart attacks. ;-)

Thanks Donald ,keep it up , you are doing us shareholders very well.

Peter Cooke and Dudley Moore, years ago ,did a sketch, "The world domination league", sums up what the desperate US Gov is trying now.

But then it was funny and so improbable, I wonder if it is now.

So now the rest of the world sees kicking ,sreaming and tantrums -

Even tries bullying its supposed ,allies.

What next ? Trump is in a fix with midterm elections coming up later this year,but it is not all his fault, as you say .

Full scale war will be scorned by the electorate , so looks like more creative chaos everywhere as a diversion from the current sad state. Or states.

Two interesting article to digest. "Metals war" drives historic decoupling as sovereigns corner supply -Mint CEO.

and

Its not the Opium Wars. Frank Giustra sees a "Bare knuckle fight" brewing in the global silver market.

Enjoy.

Glad I loaded up pre 2025 but around 25 when I did. GLA

Indeed , , Happy Healthy, Lucky and Prosperpous New Year .

You or they forgot the funding of the CIA, they will ,with their connections ,manipulate the next change of regimes wherever they may be.

Another war somewhere and those debt figures wont go away ,but dissappear off the published figures, Censored for security reasons,

Thats war and politics.

Oh and what happened to the Audit of the US bullion reserves ;-)

To decribe it as , volatile ,is putting it mildly, ;-)

Jim Wykoff says profit taking by Comex futures traders !

Some put it down to a perceived peace deal in Ukraine.

But it is year end and a short trading week ,again.

The demand is still there in the real market ,especially silver, on the Spot market. Give it a week or so for them all to settle down.

If Ukraine is finally settled , there is still another war possoible in Venezula ,judging by the military buildup ,off their coast.

Or that could end up another nothing burger.

It all helps divert attention away from the real problems , ie government debt , which shows no signs of going away.

The west cannot really afford wars ,if it was a person or company they would be sued for Bankruptcy.

The arms manufacturers being the only beneficiaries.

For further orders no doubt !

Gold back to $4504.

According to some reports, Silver refiners closed 3 refineries, so good for silver as well .

$4506, but thats Oceana countries opening.

The same questiion was asked at $1000, maybe the real question was how did the US dollar manage to sustain itself for so many years after 1971 Bretton Woods Agreement change.

GLA

Gold is rising very nicely even as the $ has grown stronger, due to more buyers .

The Divi a very good present for the season , Next week will be probably poor, due to the holiday winddown ,

Enjoy your break everyone.

Good news for Gold.

When Powells ternure is over ,its likely Trumps chosen candidate will take over, so further cuts.

Unless Trump has something unexpected happen ,he is in till 2028 .

Trump for all his faults is good for gold.

I agree Goldgnome , to sell such an amount as that ,does not instill confidence, even if he has got an expensive Chrissy present list coming up.

The market only has to get a whisper of anything ,so trades can be made on the back of it, AKA shorting.

But that individual has one hell of a lot more shares left in the company.

Hope its not a repeat of CEYs El Raghy.

Yes I am still alive and doing well, halfway through my treatment,which is not comfortable, ouch. ;-)

Kitco news.

"New Senate bill demands full audit of US gold reserves,additional refinement to meet gliobal standards."

It will be interesting to see what happens to that bill. Unlikely unfortunately !

Estimated to take a year for the audit to be completed, if it ever happens.

Well nothing changes!

With the rise of "artificial intellegence" or algos ,if you prefer.

The slightest political news , or murmer from the FED is pickre up as something major,(Which is not always true.)

Result ,the herd either exits the pen or charges back in again. Result , sometimes violent fluctuations in the "Market". I dont think that is surprising if you are going to get slaughtered or fed. Not FED !

Point being the almost total reliance on AI.

Which is not that reliable at the moment ,if ever.

The real danger is it going to be used for pressing the button.

Have a good weekend all.