HOBALL 筆記簿

December 7, 2008

The Manipulation of Gold Prices – James Conrad

Filed under: 投機投資, 政治 經濟 — Tags: , , , , , , — hoball @ 2:54 pm

http://seekingalpha.com/article/109210-the-manipulation-of-gold-prices?source=front_page_most_popular_articles

James Conrad

December 04, 2008

The Manipulation of Gold Prices

There is no other leveraged commodity market where short sellers increase their positions, materially, as the price rises, and increase them even more when prices are exploding, except gold and silver. The reason traders don’t normally do that is that it exposes short sellers to unlimited liability and risk. Yet, in both March and July 2008, and on countless occasions over the past 21 years, vast numbers of new gold and silver short positions were temporarily opened up, with the position holders seemingly unconcerned about the fact that precious metals had just risen exponentially, and that there was a very real potential they would bankrupt themselves with unlimited upside potential. Normal traders would not expose themselves to such unlimited risks.

I conclude, therefore, that over the last 21 years or so, “fake” precious metals supply in the form of promises of future delivery have habitually been increased when prices increase until increased “supply” managed to overwhelm increased demand, leading to a temporary price collapse. This is compounded by the fact that the futures prices on COMEX tend to dictate the “official” report price for the precious metals elsewhere. (more…)

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November 26, 2008

Bloomberg Interview – Inflation/Deflation? Dollar/Gold?

Filed under: 政治 經濟 — Tags: , , , , , — hoball @ 9:47 pm

A Bloomberg Interview (Debate?) with Peter Schiff, Jack Malvey and Marc Pado.

Inflation and get gold? or deflation and keep dollar?

Peter Schiff on Bloomberg TV 11/21/08
Part one
http://hk.youtube.com/watch?v=4JG9Fsh_KJY

Part 2
http://hk.youtube.com/watch?v=dpfOgpSdAgM

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