I want to let you all know that there is a VERY important corollary to my earlier fast blast. I’ve been told that players requesting physical metal in settlement have been offered significant “off-market” fiat premiums if they would settle in fiat rather than physical. The implications here folks are HUGE: it means that gold is ACTUALLY IN BACKWARDATION NOW.
I say this because, Antal Fekete has just come out with a piece saying the gold price break-out is not confirmed because there is no backwardation in the gold price.
His assumptions are false – gold “IS” in backwardation NOW and it’s being hidden from us.
"The gold open interest ROSE 7385 contracts yesterday, which means the late surge was new buying and not Gold Cartel shortcovering."
Ce qui veut dire :
L'open Interest du Gold (sur le COMEX) a augmenté de 7385 contrats hier (aujourd'hui), ce qui veut dire que ce sont de nouveaux acheteurs qui ont fait monter les prix, et que ce n'a donc pas été des shorts qui ont couvert leurs positions.
(Le total des positions short ayant globalement augmenté)
Et il continue :
"It tells me we are in the midst of a Commercial Signal Failure in which the shorts trading with the cabal are going to be forced to cover in the weeks ahead, which will add fuel to the gold fire."
Traduction :
Ceci me dit que nous sommes au milieu d'un Commercial Signal Failure dans lequel ceux qui shortent le Gold avec/pour le cartel (cabal) vont bientôt se trouver forcés de couvrir leurs positions short dans les semaines à venir, ce qui va attiser le feu sous la hausse des prix de l'Or.
yes PHRV
07/10/2009 à 00:11
mary-5_6
j'attends ça avec impatience .. la comm failure ... mais pour le moment .. rien du tout ..
on va voir avec les chiffres de l'open interest de cette seance de mardi
)
