Gold and What Moves it.
81
Tracking all things that relate to and affect the price of gold.
Curated by Hal
Follow
Scooped by Hal onto Gold and What Moves it.
Scoop.it!

What does Russia know that is motivating their purchase of gold? « Jim Sinclair's Mineset

What does Russia know that is motivating their purchase of gold? « Jim Sinclair's Mineset | Gold and What Moves it. | Scoop.it
From www.jsmineset.com - February 12, 1:56 PM

My Dear Friends,

 

What does Russia know that is motivating their purchase of gold? What does China know that is motivating their intend to be the world largest owner of gold?  What is behind the downside manipulation to separate you from your gold by scaring the hell out of you and you out of your positions?

 

This occurred in the 70s. It is nothing new. What is new is you.

 

The answer is very simple. Gold is not valued at $42 as the US Treasury would have you believe. The majority of the BRICs are going to mark to market valuation of their gold. That will put a necklace of gold on their currencies.

 

It is the major gold banks now operating in hopes of producing a waterfall of gold into which they will accumulate. Believe me because I know.

 

You are being royally had. You have a defense even if you are fully committed on a cash basis – simply do nothing.

 

If you are a coward, admit it and do whatever you have to do to get it over with. That certainly will memorialize the bottom before gold trades over $3500.

 

I can help people with logic. I have no hope of herding cats.

 

Sincerely, 
Jim

  • Comment
  • +
No comment yet.
Sign up to comment
Delete the scoop?

Are you sure you want to delete this scoop?

Yes No
Discover Topics Hal is following
Kuffar News Photography Gear News Just Story It Commodities, Resource and Freedom the Gonzo Trap The Truth Behind the Headlines
and 10 others
Your new post is loading...
Scooped by Hal
Scoop.it!

China, Ghana gold production spike, others fall | MINING.com

From www.mining.com - February 15, 11:53 AM

by Vladimir Basov:

 

The top 10 gold producing countries mined out 1,799 tonnes of the precious metal which is 2% more than in 2011.

 

In 2012, the top 10 gold producing countries slightly increased their gold output.


According to the United States Geological Survey (USGS) provisional data, estimated global gold production amounted to 2,659 tonnes in 2012, and was in line with 2011 totals (2,660 tonnes).


With updated data for China, announced by the China Gold Association after the USGS estimates became known, world gold output rose to 2,692 tonnes in 2012, or 1.2% growth compared to 2011. ...

No comment yet.
Sign up to comment
Delete the scoop?

Are you sure you want to delete this scoop?

Yes No
Scooped by Hal
Scoop.it!

Ghana officially denies Iran Gold deal

Ghana officially denies Iran Gold deal | Gold and What Moves it. | Scoop.it
From www.bullionstreet.com - February 1, 10:51 AM
For the first time after the controversy over gold transactions with Iran, Ghanaian government officially denied any involvement in the deal.

 

ACCRA(BullionStreet): For the first time after the controversy over gold transactions with Iran, Ghanaian government officially denied any involvement in the deal.

 

An official Ghana government statement denied claims that it was engaged in transaction with Iran that requires the discharge of financial commitments to the country in gold. ...

Hal's insight:

Do you believe it? I'm not so sure I do. But I will give them the benefit of the doubt.

No comment yet.
Sign up to comment
Delete the scoop?

Are you sure you want to delete this scoop?

Yes No
Scooped by Hal
Scoop.it!

Ghana again denies official involvement in Iran Gold deal

From www.bullionstreet.com - February 13, 4:00 PM
Ghana again denied any involvement in transferring 1.5 tons of gold to Iran.

 

ACCRA(BullionStreet): Ghana again denied any involvement in transferring 1.5 tons of gold to Iran.

 

A statement by country's Information ministry said preliminary findings from an on-going investigations has absolved the government from playing any role in the transfer of 1.5 tonnes of gold to Iran.

 

However, the reports said two Ghanaians,operating under the corporate identity of Omanye Gold Mining Ltd were involved in a transaction to supply gold to one Iranian national.

 

It said the cargo departed Accra on 31st December 2012 with the goods which was destined for Dubai but was detained in Ataturk International Airport in Istanbul, Turkey on 1st January, 2013 because of claims of questionable documentation. ...

Hal's insight:

Deny it. Well, Duh! There is some international agreements making it a negative thing to trade with them. What you would expect them to do. Not only that but if they use gold for money that is like a double negative against them. Of course they would deny it. Don't want the central bankers mad at them. That would really be bad.

No comment yet.
Sign up to comment
Delete the scoop?

Are you sure you want to delete this scoop?

Yes No
About Media Follow us How it Works Legal Mobile Developers
Facebook
Twitter
Google +
LinkedIn