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<p>[QUOTE=&quot;qsilver007, post: 1508267, member: 34667&quot;]Fellow coin and metals collectors,</p><p>I had a few postings a while back, and recently injured my back. (Double herniated disc.) So I was out of commission for a while.</p><p><br /></p><p>I am a Wall Streeter, a Hedgie, whatever you want to call it, I have been for 15 plus years.&nbsp; I am a qualitative thinker, I have traded everything from equities to commodities.&nbsp; For the past 6 years I have done precious metals etfs, options and futures for a major fund.&nbsp; Now that you know a little about me.......</p><p><br /></p><p>I read this site, as I was new to coin collecting as a hobby, I just new what the intrinsic vauel of the silver or gold was and bought everything under melt for years.&nbsp; I am a believer in AG and AU as the ultimate currencies, they have been and always will be.</p><p><br /></p><p>I learned much from all of you regarding coin collecting, so I figured I would give you all a little insight on the happenings in the PM and commodity world on a weekly basis, sometimes more if I get a round to it, I will figure this little forum can be about bullion investing and wall street topics, if you have aquestion and Im not super swamped I can try and tell you, I just had a son, so I have&nbsp; a lot of at home time on the weekends now.......</p><p><br /></p><p>So here are my notes for the week:</p><p>Stocks rally on HOPE of QE from the US and Europe</p><p>Another ECB member says they want to lower rates in South Europe, but they have bought zero bonds</p><p>High tech and beta stock names are falling one by one Chipolte last week down 80.00, Pricleine this week down 115.00</p><p>US ten year auction went poorly on Thurs, Bonds and Tens were testing there lower end of the range</p><p>Gold and Silver option volatilty hits multi year lows this week gold 12 vol and silver 21</p><p>Gold and Silver test there recent range highs and are turned back 1631 in Dec Gold and 28.30 in sep silver</p><p>Platinum Gold spread trades at a HISTORIC ALL TIME LOW TODAY, PLATINUM was 231.00 under GOLD</p><p>Brent Oil traded up to 113.00 a barrel and 92.00 in euros, BRENTS ALL TIME HIGH IN EUROS IS 96.00, THIS MEANS THE EURO HAS NOTHING TO DO OIL THEY ARE MOVING IN OPPOSITE DIRECTIONS </p><p><br /></p><p>GOLD HAS HELD ABOVE 1300 EUROS AGAIN CLOSED AROUND 1319.....ALL TIME HIGH IS 1360</p><p><br /></p><p>one must look at the commodities in focus in the currencies that are the weakest, i was taught that a long time ago</p><p><br /></p><p>Cash soybeans trade historic all time high in every major currency</p><p><br /></p><p>Since early june grains are up roughly 40%</p><p>RBOB (gasoline up about 20%)</p><p>Natty gas up 20%</p><p>Gold is pretty flat Silver is down around 3 percent</p><p><br /></p><p>ALTHOUGH THERE IS NO INFLATION.............(LOL).............THE UNITED NATIONS MADE A PLEA TODAY TO STOP SUBSIDIES TO AMERICAN FARMERS AND ETHANOL PRODUCERS AS THERE WILL SOON BE FOOD RIOTS IN LESS DEVELOPED COUNTRIESAS THESE PARABLOIN FOOD MOVES COME TO MARKET.</p><p><br /></p><p>The CFTC front.......early this week a story surfaced that the Silver Manipulation investigation was dropped.......THAT IS 100% FALSE!!!!</p><p><br /></p><p>Commissioner Chilton refuted that story and said the investigation is ongoing, adn they HAVE FOUND MANIPULATION IN THE GOLD AND SILVER MARKETS!!!!!!&nbsp; They will release ther full results by september</p><p><br /></p><p>Thursday and Friday Gold and Silver futures volume was the lowest in over two years</p><p><br /></p><p>FACT.......THE COMEX IS LOSING&nbsp; MARKET SHARE TO THE ETFS</p><p><br /></p><p>PRECIOUS METALS OPTIONS............ with volatilities coming down dramatically large institutional players have been placing massive low risk high reward bets that Gold and Silver are going to move up dramatically by next April</p><p>Call spreads and Call butterflies were purchased in the 10&#039;s of thousand in the 1900 and above strike ranges in the GC futures and the GLD options</p><p><br /></p><p>Silver less action, but lots of small call buyers since the notional prices are so low now...........</p><p><br /></p><p>Metals ratios:&nbsp; Gold/Silver seems to be forming a base at the 59:1 area if it can hold this ratio, and silver flat price can maintain above 28.00 the next major levels in the ratio are 55:1, 52:1, and 45:1............ these silver prices based on 1620 gold would be 29.45, 31.15, and 36.00 even....................it is a very hairy trade, and not for the faint of heart or those light on financial or mental capital, easist way to expose oneslf to this is by buying slv upside calls they are very inexpensive and if you are wrong you lose waht you paid.</p><p><br /></p><p>Gold/Platinum: The trade is broken, Gold should never trade over Platinum, but it has now for over 1 year, this is very simlar to when corn was over wheat for a year and brent has been over west tex for almost two years now.......i dont know how or when they correct, but when they do its sharp and takes no prisoners.......if you believe gold is priced fairly at 1620 then silver and platinum are very cheap</p><p><br /></p><p>India:&nbsp; with there currency weakening so much this year, Gold has become very expensive in rupees, and physical demand is waning</p><p>China:&nbsp; they have take over the number one spot in ming and consumption, the amount they are mining in unbelievable and the govt is buying it all!!!!!!!</p><p>China:&nbsp; reported a horrible trade balance today and there gdp is growth is slowing quite drastically, if the food prices can remain tame, they will lower rates and reserve requirements very soon</p><p>China: has been stockpiling crude oil for the past few months as well as gold, but there copper and iron purchases have been about normal</p><p><br /></p><p>I hope this is useful or helpful to at least one person out there if you like it let me know, if you dont, let me know as well</p><p><br /></p><p>best wishes</p><p>pleasant weekend</p><p>sincerely</p><p>QSILVER007[/QUOTE]</p><p><br /></p>

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