Member Info for MrBond46

It comes in waves, tomorrow is another day.
Could be totally different.

It is so clear .
Every time gold prices rise to much for comfort , the US algos kick in and the paper is dumped forcing PAPER Gold down.
The same is happening each day, so predictable now.
But I suppose they those "In the know "have a lot to get rid of by September, Basel 3 rules.
If indeed they are worried, any fines paid in dollars, and no shortage of that !
Still at this AU price, we will be smiling in 12 months new licenses or not.
IMO.

ETF ,s

And now the game goes on.
Knock the price down dumping paper, the buying physical, in it's place.
But where and who takes the loss.
The mugs.

It will be interesting to watch AU price in one hour when Wall St opens, possibly more tricks left .

Thanks Aoife ,they took the profit.

At 16.01 a 1 M Sell ord trade, but did not touch the SP.
What's that all about ?

Well thought out Goldgnome.
Wise words.

Wall St may be closed but dumps come when PPT say so like middle of the night.
Blame the Russians or Chinese maybe.
I studied Economic History and found it very useful and interesting, along with Maths and some geology later.

Its OK Mr T.
Got them , but the ones to Alex were sent back by postmaster as un deliverable at this time.

The problem is, all "The Experts" have their own agendas, so spout what is best for themselves.
Human nature.

Thanks Mr T that may explain it.

Strange but the address's ending with je do not get though.
Anyone else noticed ?

Nice rise in CEY and AU today.
Hoping it will continue.
GLA.

Indeed it would but we must remember there is so much un-allocated paper out there the investment banks have to try and cover.
On the other hand it may cause some panic buying of physical AU, to try and cover.
A web of deception.
GLA.

It goes first to Canada for refining, then sold.
It certainly gets much more than paper. Probably slightly less than coinage and public marketed bullion.

The real price of gold is at 1850 if you wish to buy coins or Bullion.
So CEY doing well ,even with reduced output and higher costs.
When you consider for a long period gold was $1300 per troy oz.

I agree entirely, at this time.

Its paper gold dropping.
Try buying the real stuff.
Might it be the paper being off loaded before Jan 2022 ? in the UK. And September in the US ?
Just a suggestion of course.

As I said earlier it will take time.
A lot of paper to disappear, it will be done gradually.
London have 6 months more time than the rest.
If Basel works at all.
Stay well.