tag:blogger.com,1999:blog-6089228851855763774.post447162710453984859..comments2024-03-29T07:10:06.022+08:00Comments on Gold Chat: How to know when there is a real physical-paper disconnect developingBron Sucheckihttp://www.blogger.com/profile/00530576934994289879noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6089228851855763774.post-75264201795621379232014-01-17T13:47:23.417+08:002014-01-17T13:47:23.417+08:00Yes, unallocated is mostly credit gold. A spread i...Yes, unallocated is mostly credit gold. A spread is not necessarily indicative of a run, I think we would have to see it increasing over time to establish a run. Whether it will affect only one or all I don't know, but I would imagine that it will affect all, depends on how factional each bank has gotten with their unallocated.Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-81769414361002665762014-01-17T10:02:00.669+08:002014-01-17T10:02:00.669+08:00Isn't unallocated gold in essence bullion bank...Isn't unallocated gold in essence bullion bank credit?<br /><br />Wouldn't a widening spread between the bid for Perth Mint physical gold & bullion bank credit be a sure sign of a run on the bullion bank? Or is that just a different way of saying the same thing?<br /><br />And does a run on one bullion bank automatically mean a run on them all?Justinnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-47336063902223983272014-01-17T08:22:46.827+08:002014-01-17T08:22:46.827+08:00Those premiums, even for kilobars, are not publica...Those premiums, even for kilobars, are not publically reported anywhere. You may seem them mentioned in news reports here and there.<br /><br />Thre is no premium on 400oz bars in wholesale market that we deal in. More than happy to sell a tonne of them at $0.50 - BBs, you have our number :)Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-54397800699284433292014-01-17T08:02:48.965+08:002014-01-17T08:02:48.965+08:00Bron, I agree with your comments about the premium...Bron, I agree with your comments about the premiums on wholesale vs. products, and really my agreement doesn't matter as long as the physical delivery mkts are based on the wholesale bars. <br /><br />Where can one find good information about what the real price of gold is? For example, what Perth Mint is really selling 400oz bars for, etc.mikeyj80noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-1301088910651088292014-01-17T03:24:17.574+08:002014-01-17T03:24:17.574+08:00Bron's Minutiae Aside, Let's Get Back To T...Bron's Minutiae Aside, Let's Get Back To The Big Picture:<br /><br />GLD and Comex Make Up About 83% of The Top 15 ETF Gold Stocks Available For China To Steal. http://etfdb.com/type/commodity/precious-metals/gold-etf/<br /><br />This is where I think "THE INDICATOR" will materialize: When GLD can no longer give up it's gold to Asia, or give up its gold in order to prop up the totals for comex to keep it from collapsing. <br /><br />Calculation: <br />Top 15 ETF Gold Stocks Measured In Dollars (Gold at $1240): $39,836,897,000.<br /><br />Comex Gold Measured In Dollars(at gold $1240):<br />$9,683,463,000<br /><br />Comex plus 15 Top Etf Gold Holdings:<br />$49,520,360,000 <br />Comex Plus GLD/Comex Plus Top 15 ETF Gold Holdings = $41,051,642,000<br /><br />41051642000/49520360000 = 83%<br /><br />Before the GLD Gold Holdings Began To Collapse on 12-15-2012, GLD Held 43,040,927 oz<br /><br />Comex Held 10,990,000 oz.<br /><br />Today, GLD Holds 25,385,022 oz and Comex Holds Just 7,809244 oz. This is a depletion total of 20,836,661 oz. or 38.5% drop.<br /><br />At this rate, both GLD and Comex should hold zero oz. 2 years from today. Of course, I don't think it'll take that long. Something will trigger a complete shift in confidence long before that 2 years has passed. Here's a good recent article on this subject: http://www.zerohedge.com/contributed/2013-12-16/gold-etf-holdings-gobbled-china-where-gold-feed-golden-dragon-2014Jakenoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-23312640718301613342014-01-16T23:28:49.299+08:002014-01-16T23:28:49.299+08:00" A journalist at Reuters told me today that ..." A journalist at Reuters told me today that "We spoke to one of Switzerland's biggest refiners yesterday and they said that business is quiet at the moment. No mention to shortage of any form of bars." "<br /><br />Imo, 2500 to 3000 tons were liquidated in 2013(etfs, lbma, comex). Not much is left. The surpluses built up by the lbma in 2009 through 2012 were largely wiped out last year. So I would think activities of refiners would cool down some vs. 2013. Once China can't buy cheap gold, I think gold ramps up.Anonymoushttps://www.blogger.com/profile/16573424504834190743noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-14277773665483715452014-01-16T20:59:10.551+08:002014-01-16T20:59:10.551+08:001) PROOF that there is no "shortage" of ...1) PROOF that there is no "shortage" of 400 oz bars: PHYS trading below NAV. Q.E.D.<br /><br />2) Bron wrote: "Then what will happen is dealers will be buying unallocated gold at a "spot" of $1200 and redeeming the unallocated and paying $10 premium separately."<br /><br />but Bron - the very act of doing this will drive up the $1200 price and close the gap... that's how arbitrage works...Kid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-29876149801238141082014-01-16T20:02:01.405+08:002014-01-16T20:02:01.405+08:00good post and I'd rather continue to listen to...good post and I'd rather continue to listen to you, than James Turk or anybody else who was ever on KWN :)<br />Greets, ADAdvocatusDiabolihttps://www.blogger.com/profile/05290930478826481037noreply@blogger.com