"Massive $20 Billion Paper Gold Sell Orders "

[neilgin1]

here's a humdinger from "goldcore"...check this out, an excerpt:

"Reports suggest that a futures sell order worth $6 billion, equal to 4 million ounces or 124.4 tonnes of gold, by a large investment bank sent prices plummeting and spooked the markets contributing to the decline. The order was believed to have been placed through Merrill Lynch's brokerage team."

it continues...and this, I believe is the why the curve has been thrown...right here.
"It may again be the case that bullion banks with large concentrated short positions are manipulating the price lower as has long been alleged by the Gold Anti Trust Action Committee (GATA). The motive would be both to profit and also to allow them to close out their significant short positions at more advantageous prices and possibly even go long in anticipation of higher prices in the coming weeks.

Those with concentrated short positions may also have been concerned about the significant decline in COMEX gold inventories.


why pay 1600 for something you get at 1300, or 12.....32 years in the market, never have I seen a day like this....lets say you GOT to, or WANT to.....accumulate a mega large position...you cant just slash and burn into it...you have to paint the tape,make the market look and feel REALLY BAD...maybe that's what's going on.

here's the rest of the article:
http://www.goldcore.com/goldcore_blog/m ... unded-pani

[Jonflyfish]

here's a humdinger from "goldcore"...check this out, an excerpt:

"Reports suggest that a futures sell order worth $6 billion, equal to 4 million ounces or 124.4 tonnes of gold, by a large investment bank sent prices plummeting and spooked the markets contributing to the decline. The order was believed to have been placed through Merrill Lynch's brokerage team."

it continues...and this, I believe is the why the curve has been thrown...right here.
"It may again be the case that bullion banks with large concentrated short positions are manipulating the price lower as has long been alleged by the Gold Anti Trust Action Committee (GATA). The motive would be both to profit and also to allow them to close out their significant short positions at more advantageous prices and possibly even go long in anticipation of higher prices in the coming weeks.

Those with concentrated short positions may also have been concerned about the significant decline in COMEX gold inventories.


why pay 1600 for something you get at 1300, or 12.....32 years in the market, never have I seen a day like this....lets say you GOT to, or WANT to.....accumulate a mega large position...you cant just slash and burn into it...you have to paint the tape,make the market look and feel REALLY BAD...maybe that's what's going on.

here's the rest of the article:
http://www.goldcore.com/goldcore_blog/m ... unded-pani

If you are short, selling more only makes you more short and more vulnerable. It adds to VaR, Dodd Frank violations etc. It doesn't make sense. See- Amaranth.
Cheers!

[beauanderos]

here's a humdinger from "goldcore"...check this out, an excerpt:

"Reports suggest that a futures sell order worth $6 billion, equal to 4 million ounces or 124.4 tonnes of gold, by a large investment bank sent prices plummeting and spooked the markets contributing to the decline. The order was believed to have been placed through Merrill Lynch's brokerage team."

it continues...and this, I believe is the why the curve has been thrown...right here.
"It may again be the case that bullion banks with large concentrated short positions are manipulating the price lower as has long been alleged by the Gold Anti Trust Action Committee (GATA). The motive would be both to profit and also to allow them to close out their significant short positions at more advantageous prices and possibly even go long in anticipation of higher prices in the coming weeks.

Those with concentrated short positions may also have been concerned about the significant decline in COMEX gold inventories.


why pay 1600 for something you get at 1300, or 12.....32 years in the market, never have I seen a day like this....lets say you GOT to, or WANT to.....accumulate a mega large position...you cant just slash and burn into it...you have to paint the tape,make the market look and feel REALLY BAD...maybe that's what's going on.

here's the rest of the article:
http://www.goldcore.com/goldcore_blog/m ... unded-pani

If you are short, selling more only makes you more short and more vulnerable. It adds to VaR, Dodd Frank violations etc. It doesn't make sense. See- Amaranth.
Cheers!

You're right, Jon... it doesn't make sense that the CFTC does nothing to stop these continuous concerted daylight raids, so obvious anyone can predict them with regularity. I guess there's just one set of rules for TBTF banks, and another for law-abiding citizens.