Evidence Of "Massive Physical Short Gold And Silver Positions That Can Not Be Covered"

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[ARCHIVED THREAD] - Evidence Of "Massive Physical Short Gold And Silver Positions That Can Not Be Covered"

Posted: 3/8/2010 2:51:45 PM EDT

Never claiming to have a complete handle on the economic mess we're in, I think this is/may be another tidbit of market conditions that may be notable. If this is even remotely true, what would gold prices be without these short positions???? And what happens if conditions require these positions to be closed in haste????

Let's see, short gold to keep price artificially low. Now why would somebody want to do that?

Know what can happen and what may be going on and prepare to your comfort level.

GATA Claims To Have Evidence Of "Massive Physical Short Gold And Silver Positions That Can Not Be Covered"

Posted: 3/8/2010 3:04:06 PM EDT

[#1]

I'm not able to get to that site direct. Try this link instead:

http://www.zerohedge.com.nyud.net/article/gata-claims-have-evidence-massive-physical-short-gold-and-silver-positions-can-not-be-covere

Posted: 3/8/2010 3:07:59 PM EDT

[#2]

Ya, I verified it when I posted, then just tried it and it went dead. I tried it again and it worked. Go figure. Thanks for the new link;

Posted: 3/8/2010 3:34:23 PM EDT

[#3]

Good read for any of the d***asses out there who believe gold is irrelevant and that those POS controlling our money are good guys.

They are fkn us.

Posted: 3/8/2010 3:37:55 PM EDT

[#4]

You all just wait til Dave gets here and sees what you're trying to do.

Posted: 3/8/2010 3:41:39 PM EDT

[#5]

tl;dr

sounds like old news to me, based on what I DID read.

Posted: 3/8/2010 3:42:38 PM EDT

[#6]

This has been essentially common knowledge for ages -at least among gold and silver "bugs".

Anyone can compare the volume of Comex contracts to the amounts of physical that actually change hands. Anyone can also compare contracts vs historical "total above ground" precious metals.

Prices are overwhelmingly determined by entities that have no intention of delivering or receiving the commodity; some whose interest it is to do nothing but influence public perception of the relative value of one or another currency.
.

Posted: 3/8/2010 3:42:54 PM EDT

[#7]

Quoted:

You all just wait til Dave gets here and sees what you're trying to do.

I can't help it....That was funny.

Posted: 3/8/2010 3:43:09 PM EDT

[#8]

Posted: 3/8/2010 3:44:36 PM EDT

[#9]

That is an interesting read.

Posted: 3/8/2010 3:53:24 PM EDT

[#10]

Silver has been manipulated for as long as I can remember. There are a few traders that control the market. Silver should be much higher since it's used in the manufacturing process of many products not counting coins and bullion.

Posted: 3/8/2010 3:56:54 PM EDT

[#11]

Quoted:

how do you do that?

Posted: 3/8/2010 4:55:52 PM EDT

[#12]

While on the topic, I am going to buy some silver tomorrow or should I hold off?

Posted: 3/8/2010 5:02:57 PM EDT

[#13]

Quoted:
While on the topic, I am going to buy some silver tomorrow or should I hold off?

Yes you should

Posted: 3/8/2010 5:09:46 PM EDT

[#14]

Posted: 3/8/2010 5:14:42 PM EDT

[#15]

Fractional reserve bullion.

Posted: 3/8/2010 5:16:52 PM EDT

[#16]

Quoted:

Could not have said it better.

Posted: 3/8/2010 5:17:34 PM EDT

[#17]

A site that has paying advertisers who sell Gold and Silver telling the public to buy some?

Not really surprising.
Another example of Repackaged History.

I'm trying to start a new bartering system...Cow Patties & Horse S**T.
No problems storing it and more than enough to go around

Posted: 3/8/2010 5:18:52 PM EDT

[#18]

Posted: 3/8/2010 5:25:30 PM EDT

[#19]

Quoted:

A site that has paying advertisers who sell Gold and Silver telling the public to buy some?

Not really surprising.

Another example of Repackaged History.

I'm trying to start a new bartering system...Cow Patties & Horse S**T.

No problems storing it and more than enough to go around

At least you can burn the dried cowpies to stay warm.

Posted: 3/8/2010 5:29:51 PM EDT

[#20]

i fail

Posted: 3/8/2010 5:30:10 PM EDT

[#21]

Posted: 3/8/2010 5:33:00 PM EDT

[#22]

Posted: 3/8/2010 5:33:49 PM EDT

[#23]

Posted: 3/8/2010 5:35:40 PM EDT

[#24]

Posted: 3/8/2010 5:36:23 PM EDT

[#25]

Quoted:
While on the topic, I am going to buy some silver tomorrow or should I hold off?

Buy the dips. There was a nice one today.

Posted: 3/8/2010 5:37:24 PM EDT

[#26]

It just means there are a lot of people betting that one commodity(dollars) will go up or down compared to another commodity(gold). This happens from time to time w/ commodities and most players have no intention of delivering or accepting. The current economic climate and the ease w/ which one can store gold could make this one interesting.

Posted: 3/8/2010 5:39:37 PM EDT

[#27]

Hunt bros part deux or Soros?

Posted: 3/8/2010 5:40:01 PM EDT

[#28]

I don't understand why gold and silver are any more important in today's world than any other commodity. I see the allure of a "precious metal" in the days of artisans, popes and kings, but in today's world, I just don't see the relevance. Chrome rims and big screen televisions are a bigger status symbols of wealth nowadays than golden cups and crowns.

I know it's all about supply and demand and the supply of gold is alledgedly low. Where is the demand? (other than what is being pushed by Rosland Capital and Goldline on Glenn Beck's show)

roy d...so I invest heavily in lead, brass, and copper.

Posted: 3/8/2010 5:40:34 PM EDT

[#29]

Posted: 3/8/2010 5:41:52 PM EDT

[#30]

Quoted:
A site that has paying advertisers who sell Gold and Silver telling the public to buy some?

Not really surprising.
Another example of Repackaged History.

I'm trying to start a new bartering system...Cow Patties & Horse S**T.
No problems storing it and more than enough to go around

How many $/ton delivered do you want?

Posted: 3/8/2010 5:43:00 PM EDT

[#31]

Posted: 3/8/2010 5:45:13 PM EDT

[#32]

Posted: 3/8/2010 5:47:57 PM EDT

[#33]

Quoted:
Fractional reserve bullion.

HAWHAWHAWHAWHHAWHHHH

ahem...heads should roll

Posted: 3/8/2010 5:58:18 PM EDT

[#34]

tag for later

Posted: 3/8/2010 6:01:09 PM EDT

[#35]

Where the hell is Dave?

Posted: 3/8/2010 6:02:26 PM EDT

[#36]

Conspiracy theories about central banks using derivatives to hold the price of gold down have been around for a long time. They are perpetuated by, believe it or not, gold bulls. Jim Sinclair is one of the most noteworthy of these folks. Here is another newsletter site.

They use the story of unsustainable short derivative positions to whet the greed of investors who are hoping for the mother of all short squeezes. Some of what they say is true; large gold producers, most notably Barrick Gold, use short derivatives to hedge against down turns in the price of gold so their revenue is more stable and predictable. Barrick last year closed out these positions, meaning they're very confident the price of gold is only going to rise and they want to position themselves to maximize their benefits from that. The price of gold didn't significantly rise after they did that, despite being the villain of gold bulls for decades who claimed Barrick was holding down the POG with their hedges.

Posted: 3/8/2010 6:09:35 PM EDT

[#37]

Posted: 3/8/2010 6:11:47 PM EDT

[#38]

daves on ignore... o wait, that's just me...

Posted: 3/8/2010 6:26:39 PM EDT

[#39]

Quoted:

Posted: 3/8/2010 6:27:51 PM EDT

[#40]

Fail at blank posting

Posted: 3/8/2010 6:30:56 PM EDT

[#41]

Quoted:

This has been essentially common knowledge for ages -at least among gold and silver "bugs".

Anyone can compare the volume of Comex contracts to the amounts of physical that actually change hands. Anyone can also compare contracts vs historical "total above ground" precious metals.

Prices are overwhelmingly determined by entities that have no intention of delivering or receiving the commodity; some whose interest it is to do nothing but influence public perception of the relative value of one or another currency.
.

kind of like barrels of oil.

there are more middle-men than "receivers" it seems.

Posted: 3/8/2010 6:31:15 PM EDT

[#42]

Posted: 3/8/2010 6:33:48 PM EDT

[#43]

[ARCHIVED THREAD] - Evidence Of "Massive Physical Short Gold And Silver Positions That Can Not Be Covered"

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