RE: RE: Well ,,,,, The question really becomes: how long can the demand over supply in the real physcal markets be suppressed by the paper markets? Spot gold/silver is trading all around the world at real premiums and the are growing. Deny that.
"GOLD TRADE UPDATE ---
First off, we've been reporting that this meltdown, i've speculated that it was a major crisis move as physical gold supplies are exhausted. We've detailed what happened on Friday and the setup leading into it with the FOMC leaked early minutes that gave the impression that QE was going to be curtailed -- to which we said BS. Then the fake report on CYPRUS selling its gold. Then the Friday takedown. We reported that the PHYSICAL market screen froze up at just the right time. This whole event was a set up because if the gold exchange would have froze up it would have been game over. I was really fuming over this because the long trade i took last week I feel would have been good had the control boyz not intervened. Fortunately I never trade without a stop and the damage was minimal on the trade. But I feel the trade would have been a good one had it not been for this intervention.
I also detailed to you that the last time this happened on Dec 29th 2011 it was the same situation. A SHORTAGE. Gold rose from 1525 to 1800 from Dec 30th to Feb 29th 2012 and ended when Bernanke again threatened to take away QE. During that shortage the PHYSICAL DEALERS COULD ONLY GET PARTIAL DELIVERIES ----- and guess what. THAT IS HAPPENING RIGHT NOW. I've been told that today's orders are all partial fills. I don't know how long it will last but it puts the odds in favor of a BIG BOUNCE coming.
And here's a link that is saying exactly what we've been saying.
The partial delivery scenario confirms what he is saying. Now that doesn't mean the control boyz can't and won't take it lower. If this would have been allowed --- it would have been GAME OVER. That's how critical it is. But if it plays out, a good move higher of 100 to 150 could take place. It will depend how fast they can get supply and how much demand is hitting. Initial reports is that there's a lot of buying on the physical level.