The requested delivery of German gold will not be completed until 2020

The requested delivery of German gold will not be completed until 2020 even though 300 tons could easily be shipped overnight on a few jumbo jets. Huh

In our opinion, the severe pressure on gold prices since April 16, 2013 has been caused by a coordinated bear raid orchestrated by large bank trading desks and hedge funds.

The method used was naked shorting of gold contracts on the futures exchange (Comex), which means that physical gold was never sold, only paper.

Gold was rarely, if ever, delivered to a buyer. Trades were settled in cash.

FROM: John Hathaway – Five Absolutely Spectacular Gold Charts http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/1_John_Hathaway_-_Five_Absolutely_Spectacular_Gold_Charts.html

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Comment by truth on July 3, 2013 at 12:57am

 

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Comment by truth on July 2, 2013 at 8:24pm

BullionVault’s Gauge of Client Buying Unchanged From 8-Month Low
2 July 2013
, by Nicholas Larkin (Bloomberg)
http://www.bloomberg.com/news/2013-07-02/bullionvault-s-gauge-of-cl...

Gold trading volume increased 31% to 7.3 metric tons in the second quarter from the first three months of the year.

The client buying gauge peaked at 71.7 in September 2011, the month gold reached a record $1,921.15.

BullionVault’s customers own about $1.2 billion of gold, the company said. The metal is stored in vaults in London, Zurich, New York and Singapore.

Comment by truth on July 2, 2013 at 8:24pm

Hedge Funds Cut Gold Bets as Goldman Lowers Outlook: Commodities
1 July 2013
, by Debarati Roy (Bloomberg)
http://www.bloomberg.com/news/2013-06-30/hedge-funds-cut-gold-bets-...

Goldman expects prices to drop to $1,050 by the end of next year, 17% less than its previous forecast of $1,270, the bank’s analysts said in a June 23 report.

Declines will continue as the Fed trims its bond-buying program and investors sell ETP holdings, the bank said.

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