Friday, December 27, 2013

Rob Kirby: When China Doesn't Get Their Gold - That's When This Ends GLD, MUX, TNR.v, GDX



  Greg Hunter has conducted another very interesting interview and Rob Kirby points out one more time to the elephant in the room - derivatives market, which can be on fire once interest rates will start going up. With 10 Year Treasury Yield crossing today 3.0% line in the sand we have very interesting time ahead of us. Now, finally, Gold goes vertical with US Dollar under pressure today.
"Rob Kirby of KirbyAnalytics.com claims the U.S. "arbitrarily set the price of all strategic goods in the market." As an example of control, Kirby explains, "We have 10-year U.S. bond rates under 3%, and I would say the United States is actually insolvent, and we have countries like Greece where 10-year bonds are yielding over 9%." When does this end? Kirby points to look to the finite physical gold market and massive Chinese global buying for a clue. Kirby says, "When China doesn't get their gold, that's when this ends, and that might be when we have a war." Join Greg Hunter as he goes One-on-One with Rob Kirby of KirbyAnalyitics.com"

US Dollar Crashed Below 80.00 - Will Gold Move Higher Now? GLD, MUX, TNR.v, GDX

 "FOREX market is moving very fast today with US dollar move nothing less than to be called crashing down below 80.00. It stands at the 79.78 at the moment of writing with Euro at 1.3861 and Pound at 1.6544. Will Gold finally move higher now from potential Double Bottom formed this year? 10 Year Treasuries are pushing the all-important level of 3.0% now. All metals are moving higher today with Copper up 1.58%."


Bloomberg: London Gold Vaults Are Virtually Empty GLD, MUX, TNR.v, GDX


Bloomberg quite suddenly provides some really interesting information about the state of the gold market and ongoing manipulations around it these days. Could the reports about JPMorgan being Net Long Gold now be correct in the end?

China October Gold Imports Surge To Second Highest Ever GLD, MUX, TNR.v, GDX

 "ZeroHedge reports that fly of Gold from the West To East continues at unprecedented rate and all the hype with Bitcoin and "Gold 2.0" can be safely put aside now. China uses every opportunity to accumulate the real physical Gold at these prices. Another surprise comes when China will report its Gold reserves. All Gold manipulation in the West just made the Fractional Gold Reserve System vulnerable to the Bank Run, when people will demand physical delivery. Bitcoin bust will bring this day very soon. There will be a very significant problem - There Are 69 Owners Per One Gold Oz at COMEX now."



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