Bullboard - Stock Discussion Forum Voltalia Ord Shs VLTAF

Voltalia SA is a France-based holding company engaged in the renewable utilities sector. It designs, develops and operates electric power stations in numerous countries, such as France, French Guyana, Brazil, Greece and Morocco. The Company generates electricity using a variety of renewable energy sources. These include wind, water, biomass and solar power. In addition, Voltalia SA specializes... see more

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Voltalia Ord Shs > Physical Gold Demand

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Post by VentureTrader1 on Apr 23, 2013 1:17am

Physical Gold Demand

Although the media's pushing 'the end of the gold era' everything I read says that this selloff's triggered record physical demand both in North America and globally. Given the limited supply of actual gold, and the lack of any good reason for the huge selloff, and it suggests something unusual might be up. I'd also point to the accelerating drop in gold held by GLD. The conventional wisdom on this is that owners of GLD are just selling because they've lost interest, but there's a really credible argument that the reserves are being drained by the participant banks to meet delivery commitments in the physical market. At the rate it's going, GLD will be out of gold in a few months. When the paper market finally dies, with limited supply of gold available to the general public (and likely an exploding price) I think the mining stocks will finally go back to being the only available way for retail investors to participate in the next phase of the gold bull market.

Might be a while yet, but maybe if the money holds out there's still a chance for Volta. At any rate, the divergence of paper and physical metals is going to be interesting to watch over the next few months.

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Comment by Bpultra on Apr 23, 2013 10:44am

Yes the USA paper boys are in full control right now..don't know what it will take to break them... worse is we have a DJI that is Green green green.. so once again our gold Jr's are caught in the middle and going no where it seems.. will see... GS states they closed thier short position so we will see if the boys across the pond can break this stalemate..

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Comment by gold_diggers1 on Apr 23, 2013 11:34am

BP - "Yes the USA paper boys are in full control right now..don't know what it will take to break them... worse is we have a DJI that is Green green green.. so once again our gold Jr's are caught in the middle and going no where it seems.. will see....." what do you mean "going no where"? They are going down, not up?! Geez, amazing how VTR is being ...more

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Comment by Mick16 on Apr 23, 2013 11:40am

Mobilizing my forces as we speak GD1!!

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Comment by gold_diggers1 on Apr 23, 2013 11:43am

Mick16 - "Mobilizing my forces as we speak GD1!!" . Did you scoop up that 61K shares from Anon? As soon as I posted, someone scooped up those shares...... . Time Price Volume Buyer Seller 11:38:57 0.2700 1,000 BMO Nesbitt Burns Inc. Other 11:38:57 0.2700 61,500 BMO Nesbitt Burns ...more

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