tag:blogger.com,1999:blog-6089228851855763774.post3587169275239607469..comments2024-02-05T17:24:09.663+08:00Comments on Gold Chat: More Deception About the COMEXBron Sucheckihttp://www.blogger.com/profile/00530576934994289879noreply@blogger.comBlogger47125tag:blogger.com,1999:blog-6089228851855763774.post-67516826729480790892013-11-06T08:35:48.741+08:002013-11-06T08:35:48.741+08:00That link is to the vault part of TF, so I have no...That link is to the vault part of TF, so I have no idea what you are referring to.Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-82171845156029988722013-11-06T07:55:19.449+08:002013-11-06T07:55:19.449+08:00http://www.tfmetalsreport.com/comment/363034#comme...http://www.tfmetalsreport.com/comment/363034#comment-363034<br /><br />It's a shame to watch bitter and envious douchebaggery be injected into almost every comment or outlook lately that doesn't match the authors.<br /><br />I guess mocking people or giving everyone a virtual middle finger is considered sound business principles to some. It's the recipe for a shriveling base of support or even worse...indifference. <br /><br />The traffic reflects it.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-63364597987128539392013-11-05T13:14:18.195+08:002013-11-05T13:14:18.195+08:00"Are you sort of bothered that more people fo..."Are you sort of bothered that more people follow him? Why suddenly the aggresive nature posting her and there?"<br /><br />Suddenly aggressive? You need to go back and read my past posts, I've always nitpicked on factual issues from a range of bloggers.<br /><br />FYI, see the recent discussions I've had with TF, links appended to my original post along with a correction.Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-58576134926988162142013-11-05T13:08:52.234+08:002013-11-05T13:08:52.234+08:00"Yes, but the delivered kilobars will be weig..."Yes, but the delivered kilobars will be weighed in what units?"<br /><br />Kilobars are traded in the pro markets based on their nominal weight, not actual weight, which is where I think you're getting confused. This should explain http://www.perthmint.com.au/education-weights.aspxBron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-88909218764600043642013-11-05T12:32:01.875+08:002013-11-05T12:32:01.875+08:00Bron,
Are you sort of bothered that more people ...Bron, <br /><br />Are you sort of bothered that more people follow him? Why suddenly the aggresive nature posting her and there?<br /><br />Just let him be. You each have your own views.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-81498015380963808772013-11-05T11:36:52.373+08:002013-11-05T11:36:52.373+08:00It seems like an exercise in futility to keep usin...It seems like an exercise in futility to keep using different ficticious examples of weights on gold bars and then try to extrapolate those numbers to base a conclusion (or accusation) off of.<br /><br />I think the PM atmosphere has become so stale that some folks are kind of flailing about trying to keep it fresh and people interested in their message.<br /><br />In the end, the debate over a couple decimal points when multiple tonnes of gold is involved is meaningless.<br /><br />To the extent some folks have staked some of their credibility online they have also revealed their petulant attitude about the importance of facts.<br /><br />But I guess facts sometimes get in the way of a good yarn. <br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-33188034543089273462013-11-05T10:08:21.161+08:002013-11-05T10:08:21.161+08:00Yes, but the delivered kilobars will be weighed in...Yes, but the delivered kilobars will be weighed in what units? Kilos, grams, ounces?<br /><br /><br />But even if they measure in kilos, getting exactly 6000kg, 6100kg, 7000kg etc is very hard. Deviation for each bar will be +/- 2g at least. For 1000 contracts, that's +/- 6 kg! not a trivial amount.<br /><br /><br />So for your 6000kg example, actual weight should be around 5988-6012kg total. When multiplied by 32.15, only the perfect 6000kg will give no decimals. That is very hard to get 3x in a row!<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-9710407541865120792013-11-05T08:11:57.682+08:002013-11-05T08:11:57.682+08:00Comex rule read as each bar's weight is rounde...Comex rule read as each bar's weight is rounded to 2 decimals, then multiplied out.Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-45818197237149826622013-11-04T22:05:58.483+08:002013-11-04T22:05:58.483+08:00Wait a minute, something doesn't sound right. ...Wait a minute, something doesn't sound right. Aren't the kilobars weighed in oz, and each of their weights added up? Hence always 2-decimals accuracy?<br /><br />Or......<br /><br />Are you saying the bars are weighed in kg's and then multiplied by 32.15??<br /><br />Doing it this way will obviously give a fractionless-number all the time!<br /><br />...SarAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-83416044812959649572013-11-04T20:15:33.473+08:002013-11-04T20:15:33.473+08:00Bron...regarding "humble"etc.
I wasn...Bron...regarding "humble"etc.<br /><br />I wasn't referencing you in that post. It was about the fearmongering talking heads being DB's.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-66292345079658861452013-11-04T14:54:51.672+08:002013-11-04T14:54:51.672+08:00Say Bron, you're a pretty resourceful guy, how...Say Bron, you're a pretty resourceful guy, how would someone get a copy of each of the serial #'s of those 6 Tons of kilogram bars which JPMorgue miraculously pulled out of its back pocket and supposedly "delivered"? Gee, wonder if the Comex has any pictures of them as well?Spartacus Rexhttps://www.blogger.com/profile/01154832096182417817noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-63768622957949310092013-11-04T14:41:46.160+08:002013-11-04T14:41:46.160+08:00"Is this just normal operating procedure for ..."Is this just normal operating procedure for this time of year as the US Mint switches to producing 2014 American Silver Eagles"<br /><br />We supply blanks to the US Mint along with others. I am not aware of the US Mint's year end processes but would note that they have a big surge in Demand in January for the new year dated coins, so I think the stopping of 2013 is to give them time to build up stocks as well as Christmas holidays.<br /><br />"why are COMEX warehouses down 66% on their gold holdings YTD?"<br /><br />Same reason ETF holdings are down, big money investors are getting out of the gold "trade" and on to the next trend. Retail investors are staying in.<br /><br />"Try being humble and stop trying to be right all the time."<br /><br />I only write about stuff I know, so maybe that make me seem like I'm trying to be right all the time. However if you have a look at the infrequency of my posting, when a lot of stuff is going on, then you might conclude I'm less certainly about things than you think.Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-15029515453511637222013-11-04T14:33:08.052+08:002013-11-04T14:33:08.052+08:00kevdd1,
I don't post on too many forums and s...kevdd1,<br /><br />I don't post on too many forums and sites, but in any case that is part of my job to do so, which is how I have the timeBron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-74320188362851729032013-11-04T14:30:55.583+08:002013-11-04T14:30:55.583+08:00Baruch,
I am not sure about that. If COMEX only w...Baruch,<br /><br />I am not sure about that. If COMEX only works on the gross weight then yes anyone delivering 9999 bars will get shortchanged and therefore it would not happen. If purity is taken into account then it won't matter. This is detailed operational stuff I am not aware of.<br /><br />Anon,<br /><br />I understand that there is a cash adjustment made for any difference in ounces. Even 100oz are not exactly 100oz, so the receiver either pays or receives cash for the excess (or shortfall) in actual physical ounces received.Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-78660090498221806092013-11-04T14:26:41.640+08:002013-11-04T14:26:41.640+08:00My response to TF can be found here http://www.tfm...My response to TF can be found here http://www.tfmetalsreport.com/comment/362710#comment-362710 click on the link and give TF the hits he wants :)Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-62060328005667680132013-11-04T07:31:49.386+08:002013-11-04T07:31:49.386+08:00Congrat's on getting this article posted at 24...Congrat's on getting this article posted at 24hgold.<br /><br />I can't be the only one tiring of the fearmongering histrionics and accusations of manipulation over and over. All major markets are manipulated to some degree and they always have been.<br /><br />I want the same folks who moan about it when the PM's are down to wail about the injustice of it all when they eventually swing wildly the other way when the big money manipulates it higher.<br /><br /><br /><br /><br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-12939776013704502632013-11-02T21:22:13.607+08:002013-11-02T21:22:13.607+08:00Well, kilo bars mar be counted as 32.15 Oz or 1000...Well, kilo bars mar be counted as 32.15 Oz or 1000g, but IF YOU ACTUALLY WEIGH A KILOBAR it usually comes out 1-3g above 1000g, in my experience.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-90809292809153977452013-11-02T19:23:03.031+08:002013-11-02T19:23:03.031+08:00Can someone pls tell me who has a worse track reco...Can someone pls tell me who has a worse track record than Turd at predicting prices? How can it be a coincidence?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-57885340469677346302013-11-02T15:35:14.143+08:002013-11-02T15:35:14.143+08:00Dear Bron,
why are COMEX warehouses down 66% on t...Dear Bron,<br /><br />why are COMEX warehouses down 66% on their gold holdings YTD?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-86004725580374702652013-11-02T11:11:40.387+08:002013-11-02T11:11:40.387+08:00Hi Bron,
I came across this quote on a silver web...Hi Bron,<br /><br />I came across this quote on a silver website.<br /><br />“The United States Mint will issue its last weekly allocation of 2013 dated American Eagle Silver Bullion coins on Monday, December 9, 2013. We will begin accepting orders for 2014 dated American Eagle Silver Bullion coins on Monday, January 13, 2014.”<br /><br />I was just wondering if there is any truth to this? Is this just normal operating procedure for this time of year as the US Mint switches to producing 2014 American Silver Eagles or is there a temporary shortage of silver blanks in the US at the moment? Does the Perth Mint sometimes supply silver blanks to the US?<br /><br />Thanks for your blog.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-80559795732256146012013-11-02T09:40:33.229+08:002013-11-02T09:40:33.229+08:00Just about every talking head online has a vested ...Just about every talking head online has a vested interest in being right while hoping everyone else is wrong so they look smart by comparison. <br />They're all hoping to be the one to make the next big prediction in order to feather their bed or online resume' .<br /><br />Defensive smugness has become a trademark trait among some in the PM community and the persistent ridicule of others takes away from the message or the messenger. <br /><br />And the folks who think they've been above it all are kidding themselves if they think they haven't been a DB at times.<br /><br />People tune that out after awhile. Try being humble and stop trying to be right all the time. It seems almost desperate. <br /><br /><br /><br /><br /><br /> <br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-77824038866060652232013-11-02T07:58:09.904+08:002013-11-02T07:58:09.904+08:00I must say, that I read so many diverse opinions o...I must say, that I read so many diverse opinions on so many blogs, it is difficult to make a concise judgement on anything.<br /><br />What does spark my interest though, is Brons` seemingly unlimited time and effort to post on a variety of sites with his views. One wonders why as Perth Mint Senior Analyst, would he feel the need or even have the time to engage in such disscussions. "He who doth protest<br />too much" perhaps! kevdd1https://www.blogger.com/profile/16635961675843693975noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-60785779790462428732013-11-02T07:50:05.638+08:002013-11-02T07:50:05.638+08:00@JoeRenaud:
that is false.
see:
http://kiddynam...@JoeRenaud:<br /><br />that is false.<br /><br />see:<br /><br />http://kiddynamitesworld.com/precious-metals-charlatans-freaks-of-the-industry/<br /><br />you are listening to people who have no idea what they are talking about.Kid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-75042809256106846452013-11-02T07:25:20.162+08:002013-11-02T07:25:20.162+08:00JPMorgan has not yet settled their May' and Ju...JPMorgan has not yet settled their May' and June's contracts which stand at 9.3 tons for May and 30.7 tons for June. How can anyone claim these numbers JPMorgan state are in their vaults are real in a ny way shape or form when they have yet to settle on those prior months contracts? Whatever games these banks are playing is with rules thatt simply dont exist. End of story Bron.Joehttps://www.blogger.com/profile/01263624555024753433noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-82663152518498961872013-11-02T04:06:12.933+08:002013-11-02T04:06:12.933+08:00I don't understand. A 100 oz bar has more gold...I don't understand. A 100 oz bar has more gold than three kilo bars. How is it possible that both can settle a contract?Anonymousnoreply@blogger.com