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Re: gold bubble bursts

By: faul in ALEA | Recommend this post (0)
Mon, 15 Apr 13 7:12 PM | 86 view(s)
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Msg. 13253 of 54959
(This msg. is a reply to 13252 by Cactus Flower)

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Alea....

Cyprus sales were 10-14 tons in a market that
can trade thousands of tons a day....2500 tons
of new supply are brought in every year...China
and India bought 2000 tons last year while the
Central banks added a record 550 tons....a 50
year record.

This is an orchestrated raid using Cyprus the
fear of more sales from Europe and Goldman's
short...500 tons of Paper gold were naked shorted
into the market friday to get to the capitulation
today...

Somebody's derivatives have blown up somewhere
imo & a market crash will follow.....


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The above is a reply to the following message:
Re: gold bubble bursts
By: Cactus Flower
in ALEA
Mon, 15 Apr 13 7:03 PM
Msg. 13252 of 54959

immediate cause is said to be euro area government sales.

but i think this heralds a switch to a new asset class on wall street. what has imploded? belief in imminent hyperinflation.


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