GOLD (COMEX) Gold

Originally posted by TrendTracker ↑

Are you following the skol theory of telling people that they have lost money when clearly they haven't? Either an investment has gone up or it hasn't - if you bought gold in 2002 you have made money on your investment.

"My dear fellow, have you heard of the time-money factor? There is a cost to money jammed into an investment that is losing valuation"

You clearly stated that the statement that gold is moving from west to east is incorrect. Unfortunately when pressed to provide any actual evidence of this, your comments have migrated towards something altogether different "So it does not matter who the buyers are but how keen are they?". Additionally you have thrown a second conspiracy talk theory at me about the "paper gold price" which I haven't mentioned.

The west is selling (via ETF and other channels) if the east isn't buying then who is? Have you looked at Chinese import statistics or the refinement of gold through Switzerland for the Asian market or alternatively have you just thought that the price is going down hence nobody is buying gold?

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C'mon, I never said it is incorret re-gold moving West to East. All I said was the price is not reflecting the so called demand that has been conjured up by various posters and links. Unlike some, I view price as the ultimate objective of confirmation.

Regarding the difference between paper and physical gold price, I did not intentionally accused yourself of creating a conspiracy, merely pointing that too much emphasis on the dislocation that is merely an opinion as to why gold is falling off the cliff.

Look at SLR MML TRY as classic stocks that has gone down 90+ % off their peak valuation. It is still trading and there are transaction but does that mean the buyers know something more than the sellers? Again you are getting paranoid and reading too much into a statement I posted then infer with additional messages. I never said nobody is buying gold but when price falls there are more keen sellers than keen buyers.

How else can one interpret why gold price is falling? Try these following typical posts from HC;

Shaking of the tree to find the ripe fruits
Transfer from weak to strong hands
Shorters capping the price
Shorters/Feds manipulating the price
Bulls capping to get a much cheaper entry
Calm before the storm

You can add as many excuses and cliches but when price is still falling, more sellers than buyers. Simple really.