tag:blogger.com,1999:blog-6089228851855763774.post7575568759342640704..comments2024-03-29T07:10:06.022+08:00Comments on Gold Chat: Gold forecaster with 100% accuracy says gold to remain weakBron Sucheckihttp://www.blogger.com/profile/00530576934994289879noreply@blogger.comBlogger33125tag:blogger.com,1999:blog-6089228851855763774.post-73712230902818528812014-07-10T17:56:32.067+08:002014-07-10T17:56:32.067+08:00Jake i guess you have been wrong if we see the fa...Jake i guess you have been wrong if we see the fall since january 2014, predictions are what they are - arent they ? Gold Jungehttp://www.goldankauf-ge.denoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-92185018175159969462014-04-05T12:47:34.298+08:002014-04-05T12:47:34.298+08:00yeah I'm still alive :)
FYI, this blog is per...yeah I'm still alive :)<br /><br />FYI, this blog is personal and highly dependent on how busy I am at work, so posting is sporadic and comes in burstsBron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-58002912515176051442014-04-05T12:40:22.017+08:002014-04-05T12:40:22.017+08:00such sensitivity, you must be aiming for an award?...such sensitivity, you must be aiming for an award? This blog is updated with more content than your mass hysteria blogs that post 50 bs stories a week with one real one thrown in to provide some sense of credibility.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-59869741943032052812014-04-05T10:29:29.920+08:002014-04-05T10:29:29.920+08:00Bron Suchecki hasn't updated his blog for some...Bron Suchecki hasn't updated his blog for some time. Is he already dead?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-50590534098791488182014-04-03T11:40:55.614+08:002014-04-03T11:40:55.614+08:00Thanks Jake,
It was very considerate of you to ta...Thanks Jake,<br /><br />It was very considerate of you to take the trouble to post that information.S Rochehttps://www.blogger.com/profile/18070519576321568415noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-26489797467084287242014-04-03T08:58:00.855+08:002014-04-03T08:58:00.855+08:00Bron doesn't know---He's too busy with his...Bron doesn't know---He's too busy with his BS predictions and Shilling For The Non-Believers of Market Manipulation.---Just go to the "TABLE" Tab above the Chart at the bottom of the page here: http://www.lbma.org.uk/pricing-and-statistics<br />and click on it---it'll pop up a table---Then go to the arrow at the "price for gold" box and change it to GOFO and Libor---it'll pop up the table for the rates:<br /><br />My post to Harvey was when this site was in it's "transition stage" and all I could find was the site I posted. Now the LBMA actually posts the data.<br /><br />Jakenoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-2763919591948152072014-04-03T08:27:00.166+08:002014-04-03T08:27:00.166+08:00Bron:
Mayve I am getting senile, but when I go to...Bron:<br /><br />Mayve I am getting senile, but when I go to the LMBA site your URL leads to, I cannot manage to bring up the GOFO data.<br /><br />Any suggestions?reireSlow Lorishttps://www.blogger.com/profile/14747181428888105679noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-88379919019852121042014-04-01T08:46:42.651+08:002014-04-01T08:46:42.651+08:00re GOFO,
GATA made exactly the same mistake as Ha...re GOFO,<br /><br />GATA made exactly the same mistake as Harvey about 2-3 years ago when the data was moved last time.<br /><br />I remember Lance Lewis sorting it out then, as you have done this time, thanks Bron.S Rochehttps://www.blogger.com/profile/18070519576321568415noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-60544436979222884852014-04-01T08:30:35.054+08:002014-04-01T08:30:35.054+08:00Seems LBMA has had a site redesign, the GOFO data ...Seems LBMA has had a site redesign, the GOFO data is now in a table at http://www.lbma.org.uk/pricing-and-statisticsBron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-2677962453324119222014-04-01T07:05:32.579+08:002014-04-01T07:05:32.579+08:00THIS MESSAGE IS FOR THAT DIMWIT HARVEY ORGAN WHO C...THIS MESSAGE IS FOR THAT DIMWIT HARVEY ORGAN WHO CAN'T WRITE A GRAMMATICALLY-CORRECT SENTENCE TO SAVE HIS LIFE:<br /><br />I can't post a comment to his blog because he uses some nonsense Disqus crap requiring log-ins. He also knows that I think he's an idiot. <br /><br />He's currently complaining about not being able to get current GOFO rates. Yes, it's true, they don't want anyone now (unless you're a member, maybe), to have access to today's GOFO rates today.<br /><br />However, you as a normal debt slave, can obtain two-day old rates for free here: http://www.quandl.com/OFDP/GOLD_3-LBMA-Gold-Forward-Offered-Rates-GOFO<br /><br />This is the only website I've been able to find that lists ANY GOFO rates. The LBMA has removed their GOFO update website. Is anyone surprised?---NOT ME---This is just normal bankster-scamming--move along! <br /><br />They are two business days late, but they are at least data that can be downloaded. Jakenoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-27120663945775526422014-03-27T18:33:40.425+08:002014-03-27T18:33:40.425+08:00"When all is but dream, reasoning and argumen..."When all is but dream, reasoning and arguments are of no use, truth and knowledge nothing." - John LockeS Rochehttps://www.blogger.com/profile/18070519576321568415noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-1922217197417957932014-03-27T08:41:50.350+08:002014-03-27T08:41:50.350+08:00obakesan,
It is very hard to get a handle on that...obakesan,<br /><br />It is very hard to get a handle on that issue, it depends on turnover and the mix of people trading (speculators vs real users) and it therefore changes over time. Some thoughts:<br /><br />http://goldchat.blogspot.com.au/2009/01/london-bullion-clearing.html<br /><br />http://goldchat.blogspot.com.au/2009/10/king-of-currencies.html<br /><br />http://goldchat.blogspot.com/2010/04/london-unallocated-fractional-fubar-or.htmlBron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-50011093109371788482014-03-27T06:38:51.475+08:002014-03-27T06:38:51.475+08:00Quote---
"Now given that my sample size is on...Quote---<br />"Now given that my sample size is only two forecasts, you can probably bet against my next call as there is no way I can maintain a 100% accuracy rate.<br />---Quote<br /><br />Bron,<br /><br />scenario 1:<br />Assuming that you were throwing a coin for your predictions, your next prediction again has a 50/50 chance of success.<br /><br />scenario 2:<br />As a well connected professional, your predictions have a better than 50/50 probability.<br /><br />Scenario 1 gives equal money. Scenario 2 has a positive expectation.<br />Therefore betting against you would be a mistake ;)goldstube24http://www.goldstube24.denoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-1012941779799210792014-03-27T04:07:07.377+08:002014-03-27T04:07:07.377+08:00Bron, been meaning to ask you: WRT your series on ...Bron, been meaning to ask you: WRT your series on gold industry and effects of EFT on the market, did you cover if it is known exactly what percentage of "paper" gold sales is referencing an actual ounce? I'm not sure if this is called Rehypothecation or if I have that mixed up. None the less discussions of the paper market and how much is in (say) COMEX holdings VS whats out in the market?<br /><br />Pardon me if this has been done already, if so I'd be happy if you just post a link.<br /><br />Thanks heaps, and as always love reading your posts.obakesanhttps://www.blogger.com/profile/13743339737847465926noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-43213165100051168782014-03-26T22:58:04.303+08:002014-03-26T22:58:04.303+08:00@Jake,
if Bron would have said "gold to da m...@Jake,<br /><br />if Bron would have said "gold to da moon" you probably would not have written the stuff you did, but instead "Bron is my guru".<br /><br />Says basically a lot about irrationallity and bias in the gold sector.<br /><br />Personally I prefer reading negative sentiments and reasonings, much more help with reality :)<br /><br />BTW: My wife received this morning a spam email on her companies smart phone (they do have normally good spam filters with far above 99% detection rate).<br />They didnt want to sell or fish, the email was just something like "Goldman says Gold will drop huge, be aware".<br />I am not sure what that means, but I was really amazed.<br /><br />Greets, ADAdvocatusDiabolihttps://www.blogger.com/profile/05290930478826481037noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-15451460509386901472014-03-26T21:09:39.195+08:002014-03-26T21:09:39.195+08:00H'mmm....but I thought gold was about to sky-r...<br /><br />H'mmm....but I thought gold was about to sky-rocket due to it's scarcity?!?!<br /><br />Why would Sprott sell (or shill) gold last year and this year if the Comex or LBMA was about to collapse???<br /><br />SRC=Sprott Resource Corp.<br /><br />"During 2013, SRC sold 73,971 ounces of its gold bullion for approximately $100.6 million dollars at an average price $1,359 per ounce. "<br /><br /><br />http://finance.yahoo.com/news/sprott-corp-announces-2013-annual-215600981.html<br /><br />Actions speak louder then words. Some of the gold/silver-bug shills out there are saying one thing but in reality they might be trying to pump up the price up so they can sell into it and get the hell out because most if them (and most of us probably) clearly missed out selling at the top 3 YEARS AGO.<br /><br />KWN is clearly a pumper site who NEVER talks about selling metals or declining prices but instead tries to suck in wide eyed newbies while also feeding the gold/silverbug doomer types enough apocalyptic hyperbole to keep them brainwashed and satisfied.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-22236438418785961992014-03-26T12:58:43.992+08:002014-03-26T12:58:43.992+08:00Several of those Aussie listed miners have dispose...Several of those Aussie listed miners have disposed of the properties mentioned in that bullion baron article....whilst others have been put into care & maintenence now. <br />Many of the costs quoted there are no longer accurate either.<br />Cheers,<br />Skeeta.skeetanoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-21961717997472458282014-03-26T12:02:51.503+08:002014-03-26T12:02:51.503+08:00I rely on analyst estimates of the cost curve, whi...I rely on analyst estimates of the cost curve, which only really bites into significant production volumes below $1000 from what I can see.<br /><br />I would be surprised to see that tested as with the $250 bottom, smart money pre-empted the supply restriction that would have occured if it got to $200, where I think most of the miner were then. I would think the same dynamic would be in play again.<br /><br />FYI http://www.bullionbaron.com/2013/04/gold-correction-1970s-vs-today-miners.html has some commentary on Australian costs.Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-33139360400883888932014-03-26T10:57:23.130+08:002014-03-26T10:57:23.130+08:00Bron, we saw some trading violate the long term do...Bron, we saw some trading violate the long term downtrend, and now we've seemed to have resumed the trend. China is concerning, copper example more so. Put on top of that all the financing deals put together with imports of commodities..<br /><br />What is your take on production costs? Curious on an average, but more so on lowest cost production and how much is produced at those costs? If demand drops, so should production, and an efficient market will price down to the low cost producers. Some are calling for much lower prices, yet the common rhetoric is production costs are near current prices. Would love your thoughts.mikeyj80noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-40363332695930143482014-03-26T10:43:16.717+08:002014-03-26T10:43:16.717+08:00In fact---let's talk about your statement: &qu...In fact---let's talk about your statement: "if the majority of people don't think about gold like you do, then its price won't behave like you think it will."<---First, you again are accepting that "people" or the "sentiment" or "the narrative" drives the "price", (notice the quotes around prie of gold).---This is factually wrong. Manipulation drives the paper price, which has no meaning to the physical gold stacker with the correct mindset.<br /><br />Additionally, gold has no "price" It is VALUED by ever more paper notes over the long term accompanied by short-term paper price fluctuations brought on by central banks.<br /><br />I suppose, one could divide the "sentiment" for gold into long and short term time frames and conclude that "in the short term, banks drive the paper price through manipulation". Over the longer term, sentiment drives paper prices--but again, this paper is meaningless in the long term and must eventually go to zero anyway.<br /><br />This leaves the holders of physical who will spend their gold as needed, to exchange it for goods and services. These exchanges will be in te form of holding the exchanged currency for as short a time as possible before purchasing those goods as this currency loses it's purchasing power until the holder dumps it.Jakenoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-30652424427174309452014-03-26T10:01:29.167+08:002014-03-26T10:01:29.167+08:00Okay Bron---I'll agree with this: "...if ...Okay Bron---I'll agree with this: "...if the majority of people don't think about gold like you do, then its price won't behave like you think it will."<br /><br />This is because I don't trade or try to trade these manipulated markets, so we're talking apples (my gold mindset) vs. your oranges (paper trading concepts). <br /><br />But no one has read any of my many separate comments on each sentence of the quotes you suggest I read. Come on!---This guy has no concept of what physical gold really is.Jakenoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-36711347044895740142014-03-26T09:26:33.189+08:002014-03-26T09:26:33.189+08:00i have said to many people that understanding mass...i have said to many people that understanding mass psychology will make you a better trader (in todays world) than by understanding the fundamentals. Money flows are so big and so fast, and as Bron mentions, they happen because of what people are thinking and feeling and therefore betting on.<br /><br />Sure some of that is based on s&d, others on charts, but in a mkt like gold, so much is sentiment.<br /><br />Another way of saying it, watch what people are doing, not what they are saying.mikeyj80noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-11435986143799784962014-03-26T08:53:54.418+08:002014-03-26T08:53:54.418+08:00Debateable re gold, I think those comments by GS w...Debateable re gold, I think those comments by GS were more in relation to copper. Thanks for pointing out that statement, will include that in my post on this issue.Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-24584291160214067562014-03-26T08:48:23.149+08:002014-03-26T08:48:23.149+08:00Congratulations on your stellar record.
I found t...Congratulations on your stellar record.<br /><br />I found this interesting:<br /><br />The futures market can absorb buying more than the physical market can absorb selling.<br /><br />http://ftalphaville.ft.com/files/2014/03/Screen-Shot-2014-03-19-at-14.35.50.png<br /><br />Do you agree?S Rochehttps://www.blogger.com/profile/18070519576321568415noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-73964025837068057492014-03-26T08:37:46.487+08:002014-03-26T08:37:46.487+08:00LINK to The About Hunt Quoted Epsilon BS Paper: ht...LINK to The About Hunt Quoted Epsilon BS Paper: http://www.hlinv.net/?p=1394<br /><br />More quotes: <br /><br />"The Narrative of Central Banker Omnipotence has nothing to do with whether people personally<br />actually believe that central bank policy is wise or foolish, good or bad. The only thing that matters is<br />whether everyone else believes that everyone believes the above script."<---BS---In a manipulated corrupted-banster-controlled paper priced gold market---the "people" down influence ANYTHING. They are slaves to the manipulation of paper gold PERIOD. They do not have enough paper currency to overcome their bankster manipulations and interventions.<br /><br />"How do we know when everyone knows? "At this point, whether or not they agree personally, every investor will be forced to<br />update his or her estimation of what every other investor estimates the market will do. And the best<br />investors (and traders) are the ones who can guess better than the crowd how the crowd will behave."<--- This is the way paper markets used to be---driven by INVESTOR SENTIMENT" ---Today, There IS NOTHING EXCEPT INTERVENTION AND MANIPULATION OF ALL MARKETS---BECAUSE REGULATORS ARE IN THE POCKETS OF THE BANKSTERS---IT"S ALL CORRUPT.<br /><br />"The reason why investing is particularly difficult now is that more or less the only Narrative out there<br />globally is the one relating to Central Bank Omnipotence which has been featured prominently in this<br />report. It means that the utterances of Bernanke (now Yellen) in first place and Mario Draghi in a<br />distant second place are more or less the only drivers of asset prices." <---YES---There is no way to trade these markets using anything traditional anymore. ALL MARKETS ARE MANIPULATED. THERE IS NO INVESTOR SENTIMENT---It's all hogwash!<br /><br />"But as Ben Hunt says, the<br />levels of Common Knowledge regarding future Central Bank policy decisions are actually very low, the Narratives on both sides of the collective decision to buy and sell the market are extremely weak." <---BS---The CB's ARE The Strongest Hand And They Are THE ONLY Thing Keeping These Paper, (Stock Markets), Afloat. Through MANIPULATION.<br /><br />What does everyone know that everyone knows will be Central Bank policy in the future? Very little.<br />And this impacts all markets – equities, bonds, gold and currencies. BS---They control it. Until the paper collapses, they control it. YOU CAN NOT TRADE MANIPULATED MARKETS.Jakenoreply@blogger.com