tag:blogger.com,1999:blog-6089228851855763774.post7914626791840099470..comments2024-02-05T17:24:09.663+08:00Comments on Gold Chat: Emotions, Premiums and BackwardationBron Sucheckihttp://www.blogger.com/profile/00530576934994289879noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6089228851855763774.post-31532046146563481102012-01-19T01:24:58.085+08:002012-01-19T01:24:58.085+08:00lol @ last anon. What a comment. It had me in stit...lol @ last anon. What a comment. It had me in stitches. :DMotley Foolhttps://www.blogger.com/profile/06902761012772262091noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-85609915745909277652012-01-14T23:51:18.230+08:002012-01-14T23:51:18.230+08:00Gordan, As a lover of the English language and log...Gordan, As a lover of the English language and logic, I hope your claim that FOFOA has been bought out is wrong.<br /><br />If we have been trolled for 10+ years by people who have presented predictive, logical, and plain English arguments for gold, in order to convince a minority to buy some gold then I've been fooled. <br /><br />Good luck to our new overlord bankers, who's micromanagement skills know no bounds.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-83866101155421939412012-01-14T11:10:03.164+08:002012-01-14T11:10:03.164+08:00Tyler Durden's comment re-posted and discussed...Tyler Durden's comment re-posted and discussed here: <br />http://screwtapefiles.blogspot.com/2012/01/is-someone-paying-zero-hedge-to-post.html<br />isn't exactly convincing, and I note that he didn't respond at all to your comment at ZH at all.<br />I'm with the Screwtape File cynics on this: very fishy indeed.<br /><br />For me, this next great wave of the 'pump and dump' scheme is both good and bad, but bad for the longer-term silver market. If it succeeds it will provide a nice profit opportunity provided you can get out before the dump. But there must be a very finite limit to the number of times that they can do this before the mugs begin to lose faith and depart en mass, which could suppress silver prices for some considerable time.<br /><br />Interesting that they don't attempt this scheme for the gold market - presumably because there are insufficient numbers of idiots with enough real money to buy much gold (unless there is a more subtle scheme incorporating FOFOA and the like).Gordonnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-49489059591380422372012-01-13T22:10:06.720+08:002012-01-13T22:10:06.720+08:00thanks for the insights, Bronthanks for the insights, BronKid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-13292235806320179192012-01-13T20:17:37.498+08:002012-01-13T20:17:37.498+08:00JOAT,
That's fabrication costs. They don'...JOAT,<br /><br />That's fabrication costs. They don't work the metal (at spot price) into different coins & bars for free.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-7640526055221130802012-01-13T20:07:16.462+08:002012-01-13T20:07:16.462+08:00Hello Bron, You say "Perth Mint is not having...Hello Bron, You say "Perth Mint is not having any problem acquiring, or selling, silver at spot."<br /><br />I am being quoted 37-18 AUD for 300<br />Koala's,Kookaburra's etc.from Perth Mint Sales,35-18 AUD for 500.<br />yet spot has been below 30 USD.<br /><br />Strange !<br />JOATAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-42054652029259991002012-01-13T19:46:20.953+08:002012-01-13T19:46:20.953+08:00Bron, you should write a short article & send ...Bron, you should write a short article & send it to zerohedge. You more than anybody are able to observe the process of redeeming unallocated bullion from London & how miners sell their dore, to the Perth Mint or whoever. Also the possibility of a divergence between unallocated & the bid for Perth Mint allocated or physical delivery.<br /><br />You might get a lot of commenters calling you an asshat (rather than an arsehat) but no biggie.Justinnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-5254294106710438692012-01-13T17:58:00.878+08:002012-01-13T17:58:00.878+08:00Hello Bron,
Could you please explain what it will...Hello Bron,<br /><br />Could you please explain what it will actually look like when the physical & paper markets diverge.<br /><br />My understanding is that when Perth Mint is unable to buy gold from the MINER at the "spot price", then this will constitute divergence. The MINER must have decided that the spot price is not "acceptable" or "right", maybe because he has physical buyers on the side who will pay him more??<br /><br />Please confirm and/or explain.<br /><br />What is not clear is when/if the paper & physical prices diverge, is:<br />(1) What are the factors that would cause the big players (eg. miners, Mints [eg.PM]) to ACT in such a manner, so that it is now clear that paper & physical prices have diverged. <br />(2) How would Perth Mint conduct business in this scenario. Would you just increase the spread by a large amount or would you need to maintain 2 sets of prices??<br /><br />Do you think that we may see such a split in the future?<br /><br />Thanks kindly.Anonymousnoreply@blogger.com