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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Comex Leverage Now A Staggering 300 Times The Available Physical Gold!

    Lobo
    Lobo
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    Comex Leverage Now A Staggering 300 Times The Available Physical Gold! Empty Comex Leverage Now A Staggering 300 Times The Available Physical Gold!

    Post by Lobo Mon 23 Nov 2015, 4:45 pm

    Comex Leverage Now A Staggering 300 Times The Available Physical Gold!
    November 23, 2015
    Comex Leverage Now A Staggering 300 Times The Available Physical Gold! King-World-News-Gerald-Celente-WARNING-Ignore-The-Rally-As-Market-Meltdown-Is-Imminent-864x400_c
    With Brussels extending the lockdown for a fourth day, today King World News is featuring a powerful interview with one of the greats in the business that warns that Comex leverage is now a staggering 300 times the available physical gold.
    James Turk:  “Gold and silver remain bound in shackles in an ironclad lockdown, Eric. Every rally gets snuffed out. That’s the bad news…


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    James Turk continues:  “The good news is that the downside acceleration has slowed. The reason is that both gold and silver have been pushed down to prices levels that are providing support. 
    So regardless of the buildup of the big short position on the Comex, the demand for physical metal, importantly, remains good. It is the demand for physical metal that eventually drives the price of gold and silver. Here’s a funny story to make this point.
    This guy walks into a butcher shop that is selling steak for $10 a pound and says to the storekeeper: Why aren’t you selling steak for $8 per pound like the butcher across the street? The butcher looks at the guy and politely asks: “Why aren’t you buying your steak over there?” To which the guy replies: “They don’t have any.”
    This little anecdote explains what’s happening today. It illustrates why investors are paying huge premiums to buy bullion coins, particularly silver coins.
    Comex Leverage Now A Staggering 300 Times The Available Physical Gold! King-World-News-Gerald-Celente-WARNING-Ignore-The-Rally-As-Market-Meltdown-Is-Imminent
    Comex Leverage Now 300 Times Greater Than Available Physical Gold!
    The Comex is like the butcher selling steak too cheap. The Comex’s inventory has been all but cleaned out, with the total gold contracts now more than 300 times greater than the gold ready for delivery, a record. 
    It is amazing that both gold and silver are so cheap. I remember a story from the early 1990s that you might find interesting. It puts the price of silver into perspective.
    Comex Leverage Now A Staggering 300 Times The Available Physical Gold! King-World-News-China-Causing-Massive-Worry-For-Gold-Shorts-But-Watch-Silver
    Silver Is Extraordinarily Cheap
    I’m not a smoker but I remember a friend of mine who was a smoker saying back then that silver was so cheap that a pack of cigarettes cost only slightly less than an ounce of silver. He remarked about how bizarre that was, given that the cigarettes would be gone in a few days but that silver is eternal.
    I just googled cigarette prices and here in the UK we are back to where we were in the early 1990s. A pack of 20 Marlboro cigarettes costs around £8.92 an ounce of silver today traded around £9.25. There’s not much difference, just like the early 1990s. 
    There is another key point to make from this example other than silver being undervalued. It shows how badly eroded the purchasing power of the British pound has been over the past 25 years, given a more than tripling in the price of a pack of cigarettes. But the pound is not unique in this regard. 
    Destruction of purchasing power is the result of all central bank intervention. The only unpredictable part is how rapidly the erosion of purchasing power occurs. 
    So what do we do in the face of this onslaught that has driven the precious metals to today’s low prices? The answer is the same as before. Continue your dollar-cost averaging program and ignore the headlines about precious metals in the business sections of newspapers. Gold and silver’s 5,000-year history as money does not end here.”
    http://kingworldnews.com/comex-leverage-now-a-staggering-300-times-the-available-physical-gold/

      Current date/time is Thu 28 Mar 2024, 8:36 am