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Pixel8r

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Everything posted by Pixel8r

  1. Pixel8r

    GOLD

    Hanging in there. Going through a lengthy court battle currently for proper access to my son after leaving my cheating partner. But work and finance is all good. Have branched out into doing websites as well to fill the gaps.
  2. Pixel8r

    GOLD

    Somethings going on. Big Chunk Of JP Morgan’s Gold Holdings Withdrawn In One Day
  3. I think rather than saying ounces held you should change that to obligations held. The amount of gold that GLD actually holds is probably far lower than the obligations that the HSBC the custodian actually holds. For a start the GLD shorts do not have to deposit gold to cover their short position, so immediately you could probably knock 5-10% off the amount held. Many believe that the GLD is a crime scene waiting to be uncovered and that the custodian HSBC does not have the gold to cover the shares. Just look at last weeks action, on Friday there was a 3.25 tonne withdrawal from the GLD while the price of gold went up.
  4. Pixel8r

    SILVER

    GATA have well documented the longterm manipulation in gold that went on through the 80's & 90's, culminating in Brown's bottom. There was a central bank gold price suppression scheme in operation for 2 decades, the useless asset gold was leased to bullion banks for a lease rate. This accomplished two things, it got them some return on their useless none yielding asset and it also meant that gold was sold into the market which kept the gold price down and made their fiat currencies look better. This extra supply made up the shortfall in mined supply for 2 decades. Things have started to unravel over the last decade and central banks are now net buyers. Do you deny that this actually happened or that it isn't manipulative? Re your second point in not believing in the hyperinflation case anymore. They have no choice but to hyper inflate the currency, it is not about reducing the debt it is about continuing the game. If they stop monetising the debt the game stops. Central banks are currently monetising more debt than is issued. HyperInflation does not necessarily mean rising prices immediately, hyperinflation is the exponential rise in the quantity of money. The rising prices will follow at some point, but the currency is already being hyper inflated.
  5. Pixel8r

    GOLD

    Actually looking more closely at the charts it did drop through the longterm support, but then closed above it.
  6. Pixel8r

    GOLD

    This market is obviously heavily manipulated we have had tons of metal being dumped on to the market in the early hours, some have been speculating it can only be by the BIS. Technical analysis kind of becomes pointless as the chart can be painted to create whatever pattern they wish and trick technical analysts into believing whatever they want. The recent drop felt like a capitulation point to me with lots of weak holders selling into it, but who knows what they have planned next. I wouldn't be surprised to see them drop the price down out of the channel in your chart above, just to try and knock a few more out of the their holdings. I think what it will all end up coming down to is physical availability, as physical metal becomes harder to source the price will turn. The GOFO rate went the most negative this week since 2001, which is showing the pressure on the market. As usual I think it is best just to accumulate physical metal and not attempt to trade the PM market using paper derivatives. Kind of feeling like I may swap some more gold to silver though lately.
  7. Pixel8r

    GOLD

    The capitulation low came in June 2013 with the drop to $1178, we have been on base building since then. Through my years of watching Gold it always seems to move in a way where it leaves the bulls behind. I doubt we will see another capitulation low for that reason. Now comes the time when everyone has to take notice of gold again.
  8. Pixel8r

    GOLD

    warpig talked about an interesting indicator to monitor for confirmation of the change in gold direction on 24knews today, the CCI index. Looking like it is about to confirm it breakout with a test at around 504
  9. Pixel8r

    GOLD

    To tell you the truth I am unsure as to what to expect, I have been thinking we have seen the bottom of this correction with the 2 $1180's at end of June and December last year and we would be setting off on the next wave around now. I have recently sold a property in preparation to put some more capital into PM's, have started feeding some in but am now starting to think that we could see final drop if we see another 2008 style liquidity crisis. If we do see a repeat it could be that you are still better buying physical ahead because the banks could lockup and capital be hard to move. Think I will probably end up deploying some ahead and hold some spare powder to see what the next few months bring.
  10. Pixel8r

    GOLD

    Thanks for the video it agrees with what I have been thinking of late. I think the gold bull is about to restart and have been positioning myself to take advantage of it. There is a possibility of a major crash in the stock market and a resumption of the 2008 crisis, where everything gets sold off in a rush for liquidity. If that happens we could see gold drop for a final low. It seems that is what Martin Armstrong has been talking about in his latest blog post, expecting the final low to appear not before Jan/Feb 2015 - http://armstrongeconomics.com/2014/08/01/july-recap-of-few-markets/
  11. Pixel8r

    GOLD

    The suppression scheme may appear to have worked but in effect the central banks now just have IOU's from bankrupt banks rather than physical sat in their vaults. Doesn't seem that great a plan to me, especially as most of that metal ended going East at discount rates. The "sale" of GLD by Paulson was actually only picked up from his 13F report. This report shows the holdings of certain securities but doesn't need to show things like physical metal holdings. I expect that rather than selling Gold at the low of the correction it will come out eventually that he actually took delivery of gold from the GLD, which can be done in batches of 100,000 shares, which would show as a sale in the 13F report.
  12. Pixel8r

    GOLD

    Is it time to sell stocks and buy gold? By: Dominic Frisby The other major difference between the 70's and now is the fact that there has been a gold suppression scheme in operation since the 80's and the western banks have leased a load of their gold. Why is it that those reporting in the media don't acknowledge the proof that GATA have accumulated, or take it into account? Come on Dominic
  13. Jim Sinclair has been counting down the number of days the dollar has left for over a month now. I thought we could use this thread to gather information about the demise of the dollar. I know a lot of readers of this board are expecting a bounce in the dollar soon, because of a "flight to safety" caused by another crash in the markets. But really come on, aren't you reading anything? The world has had enough. http://www.independent.co.uk/news/business...ar-1798175.html
  14. Pixel8r

    MAJOR DERIVATIVE MELTDOWN ALERT

    JPMorgan Trading Loss May Reach $9 Billion BY JESSICA SILVER-GREENBERG AND SUSANNE CRAIG
  15. Pixel8r

    GOLD

    Your starting to sound like a GATA nut.
  16. Pixel8r

    MAJOR DERIVATIVE MELTDOWN ALERT

    Top CDS trader Ben Heller tells Reuters blogger Felix Salmon that credit default swaps are "fatally flawed." (March 19, 2012) http://www.youtube.com/watch?v=AlEpY5waRXE But is he an ex global derivatives superstar?
  17. Pixel8r

    MAJOR DERIVATIVE MELTDOWN ALERT

    CME Clearing Europe Vacates Registration as Derivatives Clearing Organization Prior to Greek CDS Payouts Reposted from: http://silverdoctors...-trying-to.html | March 15, 2012 @ 1:33 pm
  18. It's probably to do with the manner in which you speak your words, it puts peoples backs up. You do come across as a very egotistical & opinionated sometimes, even though you are quite often completely wrong (gold maybe done here, be careful). Maybe if you didn't try to prove yourself so much things would become better for you, people come to forums for discussion not lessons from the master.
  19. Pixel8r

    GOLD

    I think the volatility in the metals is only going to increase massively as we go further into this. Most traders will get burnt unless they are extremely disciplined and I think it isn't something that people should attempt. Maybe you all win, maybe you will win big, but also maybe you will then lose it all and get really angry about it. I prefer to concentrate on real things and not try to beat the banking bar stewards at their own rigged game. Good luck you will need it.
  20. Pixel8r

    GOLD

    The thing is they aren't INSIGNIFICANT if you are a paper trader on leverage, they actually probably nearly wipe you out.
  21. http://www.goldstock...the-u-s-dollar/ http://www.youtube.com/watch?v=oAK5xzEYq7I
  22. Amazing isn't it that you listen to stuff like that and still think that you will be the 1 in 100 that gets out ahead of time, so much so that you feel confident to encourage others to also be taking on that sort of risk.
  23. Pixel8r

    GOLD

    We see moves of that sort very often particularly at options expiries, which is all part of the gold cartels actions to screw the paper traders. Patient physical accumulators have come to recognise these movements and take advantage of physical metal being on sale, which will be the eventual down fall of the cartel. I am not talking about 2.74% up moves in one day, I am talking about moves of more than that from low point to high point in one day. Everyone knows there is a 2% rule enforced by the cartel on gold. I also buy a lot of silver and there are many days when the movements are far more than that, over 5% a lot of days. This is my last message here again as I feel you are deliberately saying things in an attempt to get me to post my knowledge. I am sure that if you were half as clever as you make out you will also have seen the movements I am talking about and the above will not be news to you. I have better things to do than to continually defend my position to rude goadings.
  24. Pixel8r

    GOLD

    Why do you always need to be so misleading, the commission for buying gold via GM can hardly be described as massive and there is only a fee on buying and not on selling, where as on the ETF's there would be a spread on both transactions. The buying fee can be made back in less than one day by buying at the right time. I often buy at PM fix around options expiry time each month and the fee is often made up before the end of the day is up. But then I am not about trading, I am more about accumulation. Here are the current buying fees;
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