tag:blogger.com,1999:blog-6089228851855763774.post7719774542485021173..comments2024-03-29T07:10:06.022+08:00Comments on Gold Chat: PMs and the LME Warehouse ScamBron Sucheckihttp://www.blogger.com/profile/00530576934994289879noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-6089228851855763774.post-26121696999109466992011-07-20T21:40:15.682+08:002011-07-20T21:40:15.682+08:00See http://www.ft.com/cms/s/0/6ffc3174-af02-11e0-b...See http://www.ft.com/cms/s/0/6ffc3174-af02-11e0-bb89-00144feabdc0.html?<br /><br />"A decision to double the rate at which the largest warehouses must deliver metal disappoints many consumers and traders, who wanted a bigger change to eliminate queues."<br /><br />Hopeless.Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-26854189423848208802011-07-12T23:02:40.230+08:002011-07-12T23:02:40.230+08:00Hey Bron,
What do you make of the opening of the ...Hey Bron,<br /><br />What do you make of the opening of the Pan Asian Gold Exchange? <br /><br />Cheers<br /><br />PaulPaulhttps://www.blogger.com/profile/07044375467651193218noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-37685425246146524212011-06-20T18:29:27.647+08:002011-06-20T18:29:27.647+08:00The issue I have though is that ultimately if many...The issue I have though is that ultimately if many of these miners cannot raise 'capital' they can't mine. OK, some are probably just holes in the ground with liars at the top but how can there be a 'mining boom' with the share prices of these companies so low, literally pennies?<br /><br />It doesn't gel with me. ETF's may be taking some of the money which would have otherwise been going to the miners but a real mining boom wold surely be seeing a lot of speculative interest in mining shares? The word 'boom' does suggest speculative interest. An index of my shares is now under-performing the ASX, as if that were possible in a mining boom.Justinnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-37224948192728890312011-06-20T18:07:47.671+08:002011-06-20T18:07:47.671+08:00Robert,
Effect all depends on 1. whether those sm...Robert,<br /><br />Effect all depends on 1. whether those small investors move their positions to COMEX brokers and 2. of those who close out, are they net long or short (who knows)?<br /><br />Justin,<br /><br />Well mining is going well, but I think the share price issue is more to do with general investor attitude to shares in general plus the effect of ETFs making it easier to just invest in gold direct and not take on business risk with a miner.<br /><br />It has to correct at some stage, however.Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-65993215936915088652011-06-20T17:37:06.255+08:002011-06-20T17:37:06.255+08:00Hey Bron
Off topic but there's lots of talk a...Hey Bron<br /><br />Off topic but there's lots of talk about this 'mining boom' being bandied around, yet looking at many of the mining shares on the ASX you could hardly say boom!<br /><br />I bought a handful of, mostly gold, miner shares at pretty much the bottom in '08 & some are now trading below their '08 lows! <br /><br />Was wondering about your opinion on this 'boom' as someone living in WA & working in a mining related area.Justinnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-2017707328442145232011-06-19T21:38:09.903+08:002011-06-19T21:38:09.903+08:00All the little people I should have said.All the <i>little</i> people I should have said.Robert LeRoy Parkerhttps://www.blogger.com/profile/10590421224681538226noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-52265621662572566582011-06-19T21:32:48.962+08:002011-06-19T21:32:48.962+08:00Sensationalism draws advertising revenue.
But do ...Sensationalism draws advertising revenue.<br /><br />But do you have an opinion about this being PM positive, negative, neutral?<br /><br />When all the people in the U.S. close there 100:1 positions at the same time on july 15th that might be sort of bad, no?Robert LeRoy Parkerhttps://www.blogger.com/profile/10590421224681538226noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-49821168003762887292011-06-19T20:26:36.793+08:002011-06-19T20:26:36.793+08:00Typical ZeroHedge sensationalist headline. See
ht...Typical ZeroHedge sensationalist headline. See<br /><br />http://jessescrossroadscafe.blogspot.com/2011/06/cftc-to-curtail-off-exchange-highly.html<br /><br />and also from ZH's own article http://www.zerohedge.com/article/dodd-frank-precious-metal-trading-prohibition-could-make-hedge-fund-fx-trading-illegal<br /><br />"Covered forex transactions include forwards and options conducted in the over-the-counter market as well as off-exchange futures and leveraged transactions that do not result in actual delivery of currency."<br /><br />and<br /><br />"Spot transactions are excluded from the scope of the regulation, as are physically settled transactions that are not offered, or entered into, on a leveraged or margined basis, or financed by the offeror."Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-12125596254104733172011-06-19T13:32:59.465+08:002011-06-19T13:32:59.465+08:00zerohedge link
Looks legit.<a href="http://www.zerohedge.com/article/trading-over-counter-gold-and-silver-be-illegal-beginning-july-15" rel="nofollow">zerohedge link</a><br /><br />Looks legit.Robert LeRoy Parkerhttps://www.blogger.com/profile/10590421224681538226noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-50193251903846265942011-06-19T11:05:17.802+08:002011-06-19T11:05:17.802+08:00@Robert LeRoy:
Do you have a link to that?
Thank...@Robert LeRoy:<br /><br />Do you have a link to that?<br /><br />ThanksSGnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-79012523669673273232011-06-19T09:21:21.858+08:002011-06-19T09:21:21.858+08:00And what do you make of dodd frank putting a stop ...And what do you make of dodd frank putting a stop to forex metals trading in the US?Robert LeRoy Parkerhttps://www.blogger.com/profile/10590421224681538226noreply@blogger.com