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Huge secret gold deal caused prices to drop $70!!

 
awthrawthr
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07/12/2010 12:18 PM
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Huge secret gold deal caused prices to drop $70!!
For the last ten months gold had increased sharply during the first five business days of the month BECAUSE the BIS (Bank of International Settlements) wouldn't have enough gold to cover nations taking delivery (Taking delivery started 10 months ago. That monthly change has caused gold to increase about 30% in price since then.)

This month, the bottom dropped out as much as $70 an ounce. Now we know why.

It's obvious that the BIS was bailed out. So how does the BIS pay back the swap/lease/loan?

The party that lent the gold in the secret deal would have insider knowledge and would be able to short the market and make huge profits!

Then they could go out on the open market with their profits and replace their gold with plenty of cash to spare!

I wouldn't be surprised if Goldman and JP Morgan were also aware of the secret deal. Imagine an insider contacting one or both. He tells them he has some information for a fee. This person would have a track record of providing insider info. So Goldman tosses him a bone.

Another scenario is that the insider central bank would want Goldman's help in dropping the price. Perhaps Goldman board members are also on the board of the central bank that made the deal.

[link to www.telegraph.co.uk]

The article doesn't have my conclusion in it. You wouldn't expect the lame stream media to ever get the gold story right. Hell, they hadn't even caught onto the monthly jump that has taken place over the previous 10 months.
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guy369

User ID: 954465
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07/12/2010 12:22 PM
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Re: Huge secret gold deal caused prices to drop $70!!
You sure it was a secret deal?

I don't think it was hidden, it just wasn't in plain sight - but for most sheeple, that's hidden!
We are Stardust
awthrawthr  (OP)

User ID: 1029119
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07/12/2010 12:55 PM
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Re: Huge secret gold deal caused prices to drop $70!!
You sure it was a secret deal?

I don't think it was hidden, it just wasn't in plain sight - but for most sheeple, that's hidden!
 Quoting: guy369


Yes, it was hidden, according to the article. It still hasn't been announced who lent/swapped the gold. Nor was the public notified except in the most minimal way as required by law.

But you can be sure that at least some insiders knew in advance. Huge amounts of profits for those who knew and big losses for the average gold trader. Even sophisticated gold traders would have taken a beating if they weren't in on the secret deal.

Last Edited by AwthrAwthr on 07/12/2010 12:55 PM
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guy369

User ID: 954465
Canada
07/12/2010 12:59 PM
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Re: Huge secret gold deal caused prices to drop $70!!
You sure it was a secret deal?

I don't think it was hidden, it just wasn't in plain sight - but for most sheeple, that's hidden!


Yes, it was hidden, according to the article. It still hasn't been announced who lent/swapped the gold. Nor was the public notified except in the most minimal way as required by law.

But you can be sure that at least some insiders knew in advance. Huge amounts of profits for those who knew and big losses for the average gold trader. Even sophisticated gold traders would have taken a beating if they weren't in on the secret deal.
 Quoting: awthrawthr

Less than a 10% drop isn't a huge loss.

I agree the price is manipulated.
But, less than 10% anything is neither a huge loss, nor gain.
We are Stardust
awthrawthr  (OP)

User ID: 1029119
United States
07/12/2010 01:54 PM
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Re: Huge secret gold deal caused prices to drop $70!!
You sure it was a secret deal?

I don't think it was hidden, it just wasn't in plain sight - but for most sheeple, that's hidden!


Yes, it was hidden, according to the article. It still hasn't been announced who lent/swapped the gold. Nor was the public notified except in the most minimal way as required by law.

But you can be sure that at least some insiders knew in advance. Huge amounts of profits for those who knew and big losses for the average gold trader. Even sophisticated gold traders would have taken a beating if they weren't in on the secret deal.

Less than a 10% drop isn't a huge loss.

I agree the price is manipulated.
But, less than 10% anything is neither a huge loss, nor gain.
 Quoting: guy369


The loss is big enough to produce tens of millions in profits for insiders. And tens of millions in losses for everyone else in the market.
Got pain? Free relief. [link to lowerpain.org]
guy369

User ID: 954465
Canada
07/12/2010 01:57 PM
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Re: Huge secret gold deal caused prices to drop $70!!
You sure it was a secret deal?

I don't think it was hidden, it just wasn't in plain sight - but for most sheeple, that's hidden!


Yes, it was hidden, according to the article. It still hasn't been announced who lent/swapped the gold. Nor was the public notified except in the most minimal way as required by law.

But you can be sure that at least some insiders knew in advance. Huge amounts of profits for those who knew and big losses for the average gold trader. Even sophisticated gold traders would have taken a beating if they weren't in on the secret deal.

Less than a 10% drop isn't a huge loss.

I agree the price is manipulated.
But, less than 10% anything is neither a huge loss, nor gain.


The loss is big enough to produce tens of millions in profits for insiders. And tens of millions in losses for everyone else in the market.
 Quoting: awthrawthr


...Only if you sell.

Those aren't real losses yet.

Either way - life is a big game.

EVERYTHING is a game!
We are Stardust
awthrawthr  (OP)

User ID: 1029119
United States
07/12/2010 02:05 PM
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Re: Huge secret gold deal caused prices to drop $70!!
You sure it was a secret deal?

I don't think it was hidden, it just wasn't in plain sight - but for most sheeple, that's hidden!


Yes, it was hidden, according to the article. It still hasn't been announced who lent/swapped the gold. Nor was the public notified except in the most minimal way as required by law.

But you can be sure that at least some insiders knew in advance. Huge amounts of profits for those who knew and big losses for the average gold trader. Even sophisticated gold traders would have taken a beating if they weren't in on the secret deal.

Less than a 10% drop isn't a huge loss.

I agree the price is manipulated.
But, less than 10% anything is neither a huge loss, nor gain.


The loss is big enough to produce tens of millions in profits for insiders. And tens of millions in losses for everyone else in the market.


...Only if you sell.

Those aren't real losses yet.

Either way - life is a big game.

EVERYTHING is a game!
 Quoting: guy369


They aren't real losses?? Tell that to the people who lost.

Why am I talking to a monkey?
Got pain? Free relief. [link to lowerpain.org]
guy369

User ID: 954465
Canada
07/12/2010 02:07 PM
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Re: Huge secret gold deal caused prices to drop $70!!
You sure it was a secret deal?

I don't think it was hidden, it just wasn't in plain sight - but for most sheeple, that's hidden!


Yes, it was hidden, according to the article. It still hasn't been announced who lent/swapped the gold. Nor was the public notified except in the most minimal way as required by law.

But you can be sure that at least some insiders knew in advance. Huge amounts of profits for those who knew and big losses for the average gold trader. Even sophisticated gold traders would have taken a beating if they weren't in on the secret deal.

Less than a 10% drop isn't a huge loss.

I agree the price is manipulated.
But, less than 10% anything is neither a huge loss, nor gain.


The loss is big enough to produce tens of millions in profits for insiders. And tens of millions in losses for everyone else in the market.


...Only if you sell.

Those aren't real losses yet.

Either way - life is a big game.

EVERYTHING is a game!


They aren't real losses?? Tell that to the people who lost.

Why am I talking to a monkey?
 Quoting: awthrawthr


Do you understand;

If I have 10 ounces of gold, bought at $1200 - and the price goes to $1270 and then drops to $1100 - I haven't lost anything!
It's only once I sell do I loose.

You're not talking to a monkey, so stop talking like you are.

Perhaps this is your problem - you're not always right, nor am I.

You can't loose in the market until you sell.
...If you hold, you haven't lost the amount of gold you have, just the speculated value of it.

DER!
We are Stardust
Anonymous Coward
User ID: 954712
United States
07/12/2010 02:07 PM
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Re: Huge secret gold deal caused prices to drop $70!!
You sure it was a secret deal?

I don't think it was hidden, it just wasn't in plain sight - but for most sheeple, that's hidden!


Yes, it was hidden, according to the article. It still hasn't been announced who lent/swapped the gold. Nor was the public notified except in the most minimal way as required by law.

But you can be sure that at least some insiders knew in advance. Huge amounts of profits for those who knew and big losses for the average gold trader. Even sophisticated gold traders would have taken a beating if they weren't in on the secret deal.

Less than a 10% drop isn't a huge loss.

I agree the price is manipulated.
But, less than 10% anything is neither a huge loss, nor gain.


The loss is big enough to produce tens of millions in profits for insiders. And tens of millions in losses for everyone else in the market.


...Only if you sell.

Those aren't real losses yet.

Either way - life is a big game.

EVERYTHING is a game!


They aren't real losses?? Tell that to the people who lost.

Why am I talking to a monkey?
 Quoting: awthrawthr

lol
tounge
Anonymous Coward
User ID: 1031696
Canada
07/12/2010 02:08 PM
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Re: Huge secret gold deal caused prices to drop $70!!
Time to dump PMs.

Got cash?
guy369

User ID: 954465
Canada
07/12/2010 02:09 PM
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Re: Huge secret gold deal caused prices to drop $70!!
Time to dump PMs.

Got cash?
 Quoting: Anonymous Coward 1031696

sideways
We are Stardust
awthrawthr  (OP)

User ID: 1029119
United States
07/12/2010 02:44 PM
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Re: Huge secret gold deal caused prices to drop $70!!
You sure it was a secret deal?

I don't think it was hidden, it just wasn't in plain sight - but for most sheeple, that's hidden!


Yes, it was hidden, according to the article. It still hasn't been announced who lent/swapped the gold. Nor was the public notified except in the most minimal way as required by law.

But you can be sure that at least some insiders knew in advance. Huge amounts of profits for those who knew and big losses for the average gold trader. Even sophisticated gold traders would have taken a beating if they weren't in on the secret deal.

Less than a 10% drop isn't a huge loss.

I agree the price is manipulated.
But, less than 10% anything is neither a huge loss, nor gain.


The loss is big enough to produce tens of millions in profits for insiders. And tens of millions in losses for everyone else in the market.


...Only if you sell.

Those aren't real losses yet.

Either way - life is a big game.

EVERYTHING is a game!


They aren't real losses?? Tell that to the people who lost.

Why am I talking to a monkey?


Do you understand;

If I have 10 ounces of gold, bought at $1200 - and the price goes to $1270 and then drops to $1100 - I haven't lost anything!
It's only once I sell do I loose.

You're not talking to a monkey, so stop talking like you are.

Perhaps this is your problem - you're not always right, nor am I.

You can't loose in the market until you sell.
...If you hold, you haven't lost the amount of gold you have, just the speculated value of it.

DER!
 Quoting: guy369


Listen up monkey. Every transaction is someone buying and someone selling. Every time the price ticks up or down ten cents, it's a transaction (or many transactions.)

Obviously I'm not talking about someone's gold bullion that is sitting in their safe, although if a person has a need to sell some of their stash, they are most certainly affected by the secret dealings by the central banks, the BIS, etc!! I'm talking about the exhanges where prices are determined. Only a dumbass wouldn't understand that.

BTW, the word is lose not loose!

Last Edited by AwthrAwthr on 07/12/2010 02:45 PM
Got pain? Free relief. [link to lowerpain.org]
guy369

User ID: 954465
Canada
07/12/2010 02:46 PM
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Re: Huge secret gold deal caused prices to drop $70!!
You sure it was a secret deal?

I don't think it was hidden, it just wasn't in plain sight - but for most sheeple, that's hidden!


Yes, it was hidden, according to the article. It still hasn't been announced who lent/swapped the gold. Nor was the public notified except in the most minimal way as required by law.

But you can be sure that at least some insiders knew in advance. Huge amounts of profits for those who knew and big losses for the average gold trader. Even sophisticated gold traders would have taken a beating if they weren't in on the secret deal.

Less than a 10% drop isn't a huge loss.

I agree the price is manipulated.
But, less than 10% anything is neither a huge loss, nor gain.


The loss is big enough to produce tens of millions in profits for insiders. And tens of millions in losses for everyone else in the market.


...Only if you sell.

Those aren't real losses yet.

Either way - life is a big game.

EVERYTHING is a game!


They aren't real losses?? Tell that to the people who lost.

Why am I talking to a monkey?


Do you understand;

If I have 10 ounces of gold, bought at $1200 - and the price goes to $1270 and then drops to $1100 - I haven't lost anything!
It's only once I sell do I loose.

You're not talking to a monkey, so stop talking like you are.

Perhaps this is your problem - you're not always right, nor am I.

You can't loose in the market until you sell.
...If you hold, you haven't lost the amount of gold you have, just the speculated value of it.

DER!


Listen up monkey. Every transaction is someone buying and someone selling.Every time the price goes up or down a ten cents, it's a transaction (or many transactions.)

Obviously I'm not talking about someone's gold bullion that is sitting in their safe, although if a person has a need to sell some of their stash, they are most certainly affected by the secret dealings by the central banks the BIS etc!! I'm talking about the exhanges where prices are determined. Only a dumbass wouldn't understand that.

BTW, the word is lose not loose!
 Quoting: awthrawthr


If someone was willing to sell their gold to make 4%.
They deserve to lose money!

Fuck OP - Keep treating me like a monkey.

You may be the only one on this site who thinks so.

Not a problem with me, nor the general consensus.
Problem with you OP.

Go, buy gold to make $10 an ounce on it.
See how easy it is to make $$ that way.
People don't trade gold like that!

...But, you know everything.

I'm done with this thread, the OP can't open his mind to others ideas.

...Truly the way our society has been, and why we're in the toilet.

Thanks OP!
We are Stardust
Anonymous Coward
User ID: 1032799
Ireland
07/12/2010 02:48 PM
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Re: Huge secret gold deal caused prices to drop $70!!
this is only the beginning, gold is going to drop like a bomb.
Anonymous Coward
User ID: 954712
United States
07/12/2010 02:50 PM
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Re: Huge secret gold deal caused prices to drop $70!!
You sure it was a secret deal?

I don't think it was hidden, it just wasn't in plain sight - but for most sheeple, that's hidden!


Yes, it was hidden, according to the article. It still hasn't been announced who lent/swapped the gold. Nor was the public notified except in the most minimal way as required by law.

But you can be sure that at least some insiders knew in advance. Huge amounts of profits for those who knew and big losses for the average gold trader. Even sophisticated gold traders would have taken a beating if they weren't in on the secret deal.

Less than a 10% drop isn't a huge loss.

I agree the price is manipulated.
But, less than 10% anything is neither a huge loss, nor gain.


The loss is big enough to produce tens of millions in profits for insiders. And tens of millions in losses for everyone else in the market.


...Only if you sell.

Those aren't real losses yet.

Either way - life is a big game.

EVERYTHING is a game!


They aren't real losses?? Tell that to the people who lost.

Why am I talking to a monkey?


Do you understand;

If I have 10 ounces of gold, bought at $1200 - and the price goes to $1270 and then drops to $1100 - I haven't lost anything!
It's only once I sell do I loose.

You're not talking to a monkey, so stop talking like you are.

Perhaps this is your problem - you're not always right, nor am I.

You can't loose in the market until you sell.
...If you hold, you haven't lost the amount of gold you have, just the speculated value of it.

DER!


Listen up monkey. Every transaction is someone buying and someone selling.Every time the price goes up or down a ten cents, it's a transaction (or many transactions.)

Obviously I'm not talking about someone's gold bullion that is sitting in their safe, although if a person has a need to sell some of their stash, they are most certainly affected by the secret dealings by the central banks the BIS etc!! I'm talking about the exhanges where prices are determined. Only a dumbass wouldn't understand that.

BTW, the word is lose not loose!


If someone was willing to sell their gold to make 4%.
They deserve to lose money!

Fuck OP - Keep treating me like a monkey.

You may be the only one on this site who thinks so.

Not a problem with me, nor the general consensus.
Problem with you OP.

Go, buy gold to make $10 an ounce on it.
See how easy it is to make $$ that way.
People don't trade gold like that!

...But, you know everything.

I'm done with this thread, the OP can't open his mind to others ideas.

...Truly the way our society has been, and why we're in the toilet.

Thanks OP!
 Quoting: guy369

OP is right.

Cab you see your avatar? It is a monkey (ape i guess)

This was a simple, informational post. Your first attack was on the secrecy issue. Then some cockamammie notion about 10% not being a loss. Who are you argueing with, no one else said a word about profit/loss for any individual portfolio


Monkey boy(girl)
Beadholden1

User ID: 655414
United States
07/12/2010 02:53 PM
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Re: Huge secret gold deal caused prices to drop $70!!
You sure it was a secret deal?

I don't think it was hidden, it just wasn't in plain sight - but for most sheeple, that's hidden!


Yes, it was hidden, according to the article. It still hasn't been announced who lent/swapped the gold. Nor was the public notified except in the most minimal way as required by law.

But you can be sure that at least some insiders knew in advance. Huge amounts of profits for those who knew and big losses for the average gold trader. Even sophisticated gold traders would have taken a beating if they weren't in on the secret deal.

Less than a 10% drop isn't a huge loss.

I agree the price is manipulated.
But, less than 10% anything is neither a huge loss, nor gain.


The loss is big enough to produce tens of millions in profits for insiders. And tens of millions in losses for everyone else in the market.


...Only if you sell.

Those aren't real losses yet.

Either way - life is a big game.

EVERYTHING is a game!
 Quoting: guy369

Yes, the game is one big fucking ponzi scheme after another.
Anonymous Coward
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United States
07/12/2010 02:53 PM
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Re: Huge secret gold deal caused prices to drop $70!!
Thanks for the information OP. I have no PM's, but some will surley find your post helpful
Anonymous Coward
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07/12/2010 02:53 PM
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Re: Huge secret gold deal caused prices to drop $70!!
A huge gold find was made underwater recently by a small company.

15 grams per ton of seabottom! Wow. Not hard to bring up either. Just a bucket with a half mile long rope.

Such a find can drop the price of gold as harvest will start in a few months.





GLP