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Only Gold!

  • #25,861
  • Jun 21, 2015 10:07pm Jun 21, 2015 10:07pm
Quoting Nitsan_Levi
{quote} Hi C_T Some notes When you open account with FXPRO.co.uk You need to chose or FCA (UK Regulation) or CySEC (Cyprus Regulation) , So open only FCA (UK Regulation) !! One more think they offer FIX spreads with FCA Regulation, So I dont know how is this possible?! Last how you can to check after opening an account that the account is under the FCA (UK Regulation) (Prove that they open it under the FCA) So all this questions you must ask + What is the Stopout level and Margin call level .
Yea mate, I chose FCA (UK).. I would not trust Cyprus regulators given how IronFx has been reportedly scamming people.

I think they run ECN in the background..
Hello World!
  • #25,862
  • Jun 22, 2015 8:51am Jun 22, 2015 8:51am
Sure Greece will be fine, yeah just give them another

250 billion $ )) And they comeback in 6 month to ask

for more. Those Greedy f* Banksters Paying themselves.

Basically Printing and Giving Greece Money so they can pay

them fat profits, while people are suffering.

Greece is GONE, whenever, week, month or 5 month from now

Just keep buying stocks and keep kicking can down the road,

it's all gonna be fine, sure...
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  • #25,863
  • Jun 22, 2015 9:44am Jun 22, 2015 9:44am
We are ereasing gains, very good it will give a better price to buy i just need to figure out when exacly
  • #25,864
  • Jun 22, 2015 3:54pm Jun 22, 2015 3:54pm
Heck only 135B.. I know that's whopping.. But likes of Bill Gates and Warren Buffet have already pledged their wealth..

and there so many others donating so much.. Why is there still poverty in this world? Either these numbers are wrong.. or what?
Attached Image
Hello World!
  • #25,865
  • Jun 22, 2015 4:03pm Jun 22, 2015 4:03pm
Quoting ClockTrader
Heck only 135B.. I know that's whopping.. But likes of Bill Gates and Warren Buffet have already pledged their wealth.. and there so many others donating so much.. Why is there still poverty in this world? Either these numbers are wrong.. or what? {image}
Bill & Malinda Gates foundation is spent more for health(children's vaccinations) & education so not as much for hunger.
I wish our country (U.S.) would spend more of our taxes on helping (hunger/poverty) rather than bombs, missiles, weapons, planes, etc.... designed to end life. Pretty sad watching our endless battles.
  • #25,866
  • Jun 22, 2015 5:26pm Jun 22, 2015 5:26pm
Quoting ClockTrader
Heck only 135B.. I know that's whopping.. But likes of Bill Gates and Warren Buffet have already pledged their wealth.. and there so many others donating so much.. Why is there still poverty in this world? Either these numbers are wrong.. or what? {image}
Quoting srt
{quote} Bill & Malinda Gates foundation is spent more for health(children's vaccinations) & education so not as much for hunger. I wish our country (U.S.) would spend more of our taxes on helping (hunger/poverty) rather than bombs, missiles, weapons, planes, etc.... designed to end life. Pretty sad watching our endless battles.
Now that i red your posts guys i started thinking about that poverty problem and it is more complicated than it initially seems, so i will share my thoughts, ok it is completely possible to end world hunger for an year, even for 10 years but by doing so what will all those people that used to lack food and others necessities for life start to think ? they are not very well educated or at all, so when they see that everything became so much better they will start to give bird to a lot more children and i think i don't need to tell you that even now those poor countries hold the highest percentage of population growth, and take in account that not only birthrate will increase by a lot but also the expectancy of life in those will be extended, so by solving the problem today we will create an even larger problem after 10 or 20 years when earth will physically not be able to sustain such population, now i am not God i can not say what really can happen if we reach such point, but i have a guess - what happens when we create a bubble on the market ?
  • #25,867
  • Jun 22, 2015 9:51pm Jun 22, 2015 9:51pm
IMO, world is headed towards World War 3.. possibly within a few yrs.. and maybe it's then when we get to see prices like $800

A full fledged WW3 could reduce the world population by 1/3 or 2/3 or maybe even more.. and also end greed

IF a poor needs free shelter with a job and healthcare etc. he must undergo Male Sterilization. Govt here in INdia gives small amounts to fellas who undergo this thing in order to lure people.

Chinese are best in terms of birth control.

PS: I contacted Bill Gates online once, sadly and predictable he never replied...
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  • #25,868
  • Jun 23, 2015 6:48am Jun 23, 2015 6:48am
I find it quite strange that the EURUSD is weighed down by concerns that the Greece deal is bad or will not take place this week and we see nothing back from this mood in the gold price. I expect a bullish reaction.
  • #25,869
  • Jun 23, 2015 6:50am Jun 23, 2015 6:50am
When this all Paper Gold BS crap manipulation going to stop?

COMEX have about $1 Billion Gold available for Delivery while

Daily OPEN interest is 80 Billion. Anyone with $1 Billion can Crash

this scam Today. Just buy 10000 Contracts and ask For phisical

delivery, What they gonna deliver? Paper???

This is so sick.. This is only Comex and what about

All those Garbage GOLD ETF/ETN backed by nothing but Air.

Ridiculous.. And all those Clowns are actually setting price

for the Physical Gold? Just need 10000 Contracts for delivery to crash those

M*thef*ckers..
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  • #25,870
  • Jun 23, 2015 7:03am Jun 23, 2015 7:03am
Quoting SkyzerFX
When this all Paper Gold BS crap manipulation going to stop? COMEX have about $1 Billion Gold available for Delivery while Daily OPEN interest is 80 Billion. Anyone with $1 Billion can Crash this scam Today. Just buy 10000 Contracts and ask For phisical delivery, What they gonna deliver? Paper??? This is so sick.. This is only Comex and what about All those Garbage GOLD ETF/ETN backed by nothing but Air. Ridiculous.. And all those Clowns are actually setting price for the Physical Gold? Just need 10000 Contracts for delivery to crash those M*thef*ckers.....
Nice inputs..

Let me share something.. IF current price in Forex is $1200 per ounce and IF you were to buy in bricks, you'll get very nice discount in the physical markets.

So, IF you go to Comex and ask for Gold delivery worth $10 B, they'll buy it for $9 B and make instant $1 B in cash.

:-)

PS: You may even get more than 10% discount.. ;-)
Hello World!
  • #25,871
  • Jun 23, 2015 7:56am Jun 23, 2015 7:56am
Quoting ClockTrader
{quote} Nice inputs.. Let me share something.. IF current price in Forex is $1200 per ounce and IF you were to buy in bricks, you'll get very nice discount in the physical markets. So, IF you go to Comex and ask for Gold delivery worth $10 B, they'll buy it for $9 B and make instant $1 B in cash. :-) PS: You may even get more than 10% discount.. ;-)
Where this price difference comes from, and from where will Comex buy gold for 9 billions, who has so much to sale
  • #25,872
  • Jun 23, 2015 8:01am Jun 23, 2015 8:01am
Quoting atom3
{quote} Where this price difference comes from, and from where will Comex buy gold for 9 billions, who has so much to sale
Study the supply chain.. Mines don't sell to end-users..

IF I were to buy a jewellery, I would pay @ current price..

Mines supply to big importers. In India large banks can be importers, they sell to distributors.. and so on.. until I buy.. I would buy at current price..

hope you understand my point..
Hello World!
  • #25,873
  • Jun 23, 2015 8:09am Jun 23, 2015 8:09am
Quoting ClockTrader
{quote} Nice inputs.. Let me share something.. IF current price in Forex is $1200 per ounce and IF you were to buy in bricks, you'll get very nice discount in the physical markets. So, IF you go to Comex and ask for Gold delivery worth $10 B, they'll buy it for $9 B and make instant $1 B in cash. :-) PS: You may even get more than 10% discount.. ;-)

Dude, it's all theoretical, because COMEX it's a System of Banks And Standards, - Only GOLD inside the system can be sold

on COMEX, they cannot just go and buy (as you said) some gold from Anywhere, It's takes about 30-60 days to Enter

Comex System All GOLD usually get RE-MELTED And Re-certified..

It COST heck of the MONEY to get GOLD COMEX Certified, get it?

If you take Delivery from COMEX

You cannot then Return BARS back into the System without Re-certification Process all over again.

They cannot just ship from London either. It's a system: Special Banks only, Special Warehouses only,

Special Tracks to move Gold and so on and so on...

It's NOT possible to do what you've just said by any means.
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  • #25,874
  • Jun 23, 2015 8:16am Jun 23, 2015 8:16am
Quoting ClockTrader
{quote} Study the supply chain.. Mines don't sell to end-users.. IF I were to buy a jewellery, I would pay @ current price.. Mines supply to big importers. In India large banks can be importers, they sell to distributors.. and so on.. until I buy.. I would buy at current price.. hope you understand my point..
I did understand, but now the price is getting lower and lower how long until there is no more room for discount because of production costs, everyone is saying a different number as of production costs so i have no idea what to believe here
  • #25,875
  • Jun 23, 2015 8:19am Jun 23, 2015 8:19am
Quoting ClockTrader
{quote} Nice inputs.. Let me share something.. IF current price in Forex is $1200 per ounce and IF you were to buy in bricks, you'll get very nice discount in the physical markets. So, IF you go to Comex and ask for Gold delivery worth $10 B, they'll buy it for $9 B and make instant $1 B in cash. :-) PS: You may even get more than 10% discount.. ;-)

They don't have 10 Billion I told you they only have $1 Billion worth of GOLD and that's theoretically, cause what's

available for Sale already been sold, so buyers who doesn't take Delivery can end up holding

Receipt only.. Cause 3 or 5 of them can hold the same bar. So if you cannot touch it, it's not yours.
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  • #25,876
  • Jun 23, 2015 9:03am Jun 23, 2015 9:03am
Quoting SkyzerFX
{quote} Dude, it's all theoretical, because COMEX it's a System of Banks And Standards, - Only GOLD inside the system can be sold on COMEX, they cannot just go and buy (as you said) some gold from Anywhere, It's takes about 30-60 days to Enter Comex System All GOLD usually get RE-MELTED And Re-certified.. It COST heck of the MONEY to get GOLD COMEX Certified, get it? If you take Delivery from COMEX You cannot then Return BARS back into the System without Re-certification Process all over again. They cannot just ship from London either. It's a system:...
> Only GOLD inside the system can be sold on COMEX

----> So, Comex gonna dig a mine and only then sell Gold to traders/investors? They gotta buy from someone.. mines in this case.

> It's takes about 30-60 days to Enter Comex System All GOLD usually get RE-MELTED And Re-certified..

----> that means, you order 1000 bricks and expect delivery overnight? Anywhere they say that they'll deliver it in a week or less?

There is a price gap of at least 15% or more between the price at which mines sell and the price at which end-user buys. I know this for sure -- 100%
Hello World!
  • #25,877
  • Jun 23, 2015 9:07am Jun 23, 2015 9:07am
Quoting atom3
{quote} I did understand, but now the price is getting lower and lower how long until there is no more room for discount because of production costs, everyone is saying a different number as of production costs so i have no idea what to believe here
The costing of small mines in OZ was high like 900-1000
they are all closed until price shoots back to highs.

The costing of world's biggest mines is like $800 as per inputs I have.. IF there is a world war like situation and demand dips like rock off the cliff.. they would be happy to sell at even $600 IMO.. assuming that is a temporary phase..

This place world as we know.. can be destroyed several times in a speck of time if all the bombs were used.. distant hypothetical view..

Trade Safe!
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  • #25,878
  • Edited 10:34am Jun 24, 2015 2:05am | Edited 10:34am
To me it seems at this level we have pretty even chances of going in either directions but since we were ranging in recent weeks 1170-1200$ i am looking more for a buy then sell
  • #25,879
  • Jun 24, 2015 8:07am Jun 24, 2015 8:07am
This drop was technicaly expected but i didnt trade it i feel safer right now on the long side but i need to find the bottom of this thing first
  • #25,880
  • Jun 24, 2015 9:32am Jun 24, 2015 9:32am
Gold is under pressure cause Paper Maniacs sure betting

for "Greece Deal" , - Yeah, deal my A$$, there will be no Deal!
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