Beijing put & Greenspan put explained by Max Keiser

[2237lemon]

...up the ante, its now close to 1400 after nov.3 FED meeting

[bonfirejovi]

Gold is $1255! $1300 is not long now.

[jessewaugh]

Check out the REAL price of gold: REALSPOTPRICE[dot]COM

[harveybirdmannequin]

Anyone looking at gold and the "Beijing Put" as a short term/day trader "get rich scheme" is an idiot. China said they will buy on the dips and in measured amounts so as not to run up the price of gold and limit the amount they can purchase.

China has a lot more money that people can imagine and has the time frame to wait to accumulate gold. If you're a baby boomer, which many are, you're screwed because you don't have the time frame for gold and both US stocks and USD are worthless. BabyDoomer.

[IAFairMail]

CHINA WARNING: DERIVATIVES DEFAULT!!!

TRADE WAR?? CHINA declares economic war on GS...

And GoldSacks' big subsidiaries: THE FED & US GOV'T.

Can Bernie print enough Green to bail-out the

Pseudo-Gov't Bernie Banks in their Huge Naked Silver Shorts?

CHINA is pushing Gold & Scarce Silver on 1.3 Billion Chinese

via State TV & Banks!! CRIMEX CRASH!!!

USDollar is doomed... China & BRIC'$ dump!

SILVER set 4 Launch faster than A Chinese BottleRocket!!

Chart SLW & SVM vs SLV & GLD: LEVERAGE!

[donharlan1]

Conspiracy Theory - The NWO is transferring power to China and are keeping gold suppressed so that China can buy it on the cheap. Think about it, Hong Kong was taken over by England after the Opium Trade War and was returned to China in 1999. The NWO had setup their financial system prior to that and after the transfer back to China, they began to prosper.

[ubuibiok]

Fact...

GOLD...Sep 3, 2009 ... Hong Kong is pulling all its physical gold holdings from depositories in London, transferring it to a high-security facility...

marketwatch

[vinny1010]

Yup! :)

[GlennBAndMe]

So we're about to find out if the rumors are true - have the London gold market and COMEX been short selling gold they don't have? It's been a conspiracy theory for 10 years - and we're about to find out if it's true.

[vinny1010]

Ladies and Gentlemen, this Beijing Put will CRASH the COMEX!! Everytime Goldman & JP Morgan push the price down, Beijing buys so no matter how hard they try, Beijing keeps buying physical after physical. Coupled with this are people demanding their gold from COMEX that keeps on increasing. This will all make the game end very sooner than expected.

What a great tactic by China!!

[condorito29]

I'm not very knowledgeable on this subject. Could you do me a favor and help me understand a bit?

1) Why do Goldman & Co. push the price down? Do they want to?

2)What exactly is the COMEX?

3) What exactly happens when the COMEX "crashes", as you say it will?

I appreciate your time and insight.

[vinny1010]

1. They do that so people do not panic and dump the Dollar and crash US market. They sell "paper" contracts and central banks dump Gold onto market so Gold stays very low. Check out what happened @ Fall 08. Gold was supposed to skyrocket - it fell incredibly low! That is impossible to do w/o

suppression.

2. Commodities trade on this mkt. ETFs are sold to represent "gold" or silver for example but they are just paper, nothing more. These 2 banks don't have the metal to back up the sold contracts

[KnowledgeDriven]

vinny, I'm still on the fence but I can clearly see your logical POV.

A counter-point could be in Fall'08 when the credit mrkts seized and debts were being called (debt explosion), one of the 1st liquid assets to be sold to cover the debts would be paper gold and cash. So, there is a deflationary environment with heavy bias to GLD sellers to cover other debts resulting in gold dropping. A China put now would negate that situation from re-occuring if we have another bout of debt explosion.

[vinny1010]

Well there is not enough Gold to put the price where it was - around $700s,remember, it's a very small market. Also, witness the volatility to Gold - just doesn't happen. Check out GATA - they have a lot of evidence on price suppression (so has Ted Butler). Personally, I have 98% silver and only about 2% Gold

[vinny1010]

This Beijing "put" coupled with people who buy "paper" contracts who demand Gold Delivery force pressure on the banks to delivery the actual metal. When COMEX can no longer delivery Gold, Gold will go ballistic that day as people will know they have been cheated. They will know banks did not have gold in their vaults. This is why Hong Kong wants their Gold back from London.

When COMEX defaults, Gold will be at Free Market levels (the correct price). Then people will panic for Gold possession

[vinny1010]

Lastly, check out this Video from Rich Dad, Poor Dad who state the current, true market value of Gold is appx $15,000

Regardless if it's $10k or $15k, it's certainly not $1k.

watch?v=ckFfzoplC-I

[condorito29]

thanks

[hugolp]

1) 2) COMEX is the commodities market of NY, where gold and silver is traded. Its got gold and silver in storage to pay for the longs. But it is long suspected that its a paper market that its working to keep the price of gold down, with JPM and GS.

3)If gold skyrockets the dollar goes down. It will start loosing its world reserve status. That would mean the end of the dollar. That is why if the COMEX crash and gold skyrockets it will be bad for the US banks & govt, good for prepared US people.