Tuesday, September 6, 2011

Andrew Maguire and the Pan Asian Contracts

"When fully launched, this is going to have two pivotal effects on the supply/demand fundamentals as worldwide business will migrate to this exchange. The last time we discussed retail demand taking place as the new exchange in Asia gets up and running, there will be institutional effects as well. This will force short covering as existing customers of the LBMA move their business to the Pan Asia Exchange. It will force the shorts to crystallize their losses as the tremendous short leverage will have to be unwound."

Click here to read...

33 comments:

  1. Fuckin LOVE it!!!
    Its about time we have some REAL price discovery. Sick of these Rothchild agents getting to play with BS paper ledger entries and nothing to back it up. Time for them to finally get one big hairy fat one up the middle.

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  2. @macfly...

    Let's not start sucking each other's dicks quite yet. Doesn't the Morgue have their hands in the Asian Exchange?

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  3. Well I'll suck yours if you'll.......uh...wha?
    true..im not sure what is up with the asians and our slimy banks here. I would have thought they would want to show them a thing or two and not let them get away with this ridiculous naked shorting but maybe there is a bigger picture here.

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  4. I am a faithful follower of the bear videos, so I thought WE were going to take down the JP Morgue by buying physical silver. Maybe the bears were actually (Chinese) pandas?

    Last chance to buy at under 50?

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  5. Dumb question where will the exchange get their metal from?

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  6. Does this mean we can expect some massive raids and margin hikes between now and then, so they can get the price down and cover their shorts with smaller losses? (assuming they believe accounts will actually make the move)

    I would also think the margin for the Pan Asia exchange would have to be way higher so there is less leverage, in order for them to actually have the metal to back the long contracts.

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  7. This comment has been removed by the author.

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  8. @Mike...

    Hong Kong, Zurich, London, and New York. In other words, probably HSBC, UBS, the Bank of England, and the JP Morgue.

    I could be wrong, but the bastards that manipulate in London and New York most likely have their hands in the Pan Asia Gold Exchange (PAGE).

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  9. I think they're all getting handjobbed by the elites. Here and there one gets jealous because someone else is getting a both-hands-handjob + a little oral instead of just a one handed and then they'll get pissed and something interesting will happen and might turn on the other.

    All makes life interesting I guess.

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  10. Evidently anyone who was in the safe-haven CHF sold off and piled into the dollar en masse. Doesn't make any sense to me but that's the only way I can explain the price action today.

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  11. SVM was up today even with Silver down. How weird.

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  12. This is NOT the same thing as the Hong Kong Precious Metals Exchange (the one that is ultimately backed by the Rothschilds). For those that haven't read Turd's piece on this, I highly recommend it:

    http://www.tfmetalsreport.com/blog/2256/page-turning

    in the comments of that piece:
    "The Pan Asia Gold Exchange that was highlighted in Turd's story is run by the Chinese Government, with minor foreign involvement. It is not a futures exchange, but a spot gold exchange.

    The story that you highlighted was about a different exchange, the HKMEx, which is a futures exchange, much like COMEX. "

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  13. I know this guy has been wrong before but you never know.. he says gold going to 750 or LOWER and silver between 4-9.. I tend to disagree because if we get the deflation he expects there will just be more and more printing or the world will go bankrupt.. both results are good for gold..
    http://video.forbes.com/fvn/market-blaster/harsh_outlook_for_gold?partner=yahootix

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  14. Thanks for the clarification Silver Monkey. I was somewhat confused as well.

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  15. @unknown Forbes.com, doesn't that tell you something? And yes, thanks silver monkey.

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  16. @unthought known: Even though I know Dent has been wrong on plenty of things, I tried to divorce myself from it. I looked at your post, and did some very quick looks. $1050 +/- would be the lowest I would suspect it would go, but at what year? I don't know. It won't be anytime now. Most likely, it will be when the bubble burst & everyone runs for the door (no doubt, government induced). Silver @ $9...then that would mean financial apocalypse. Honestly, how people like Dent & Gartman can ride one or 2 predictions to a 10-20 year interview baffles me. In my opinion, these men (and all men are fallible) have not bought physical or quality mining shares (or much anyway) and now they are trying to prove why they are correct in their predictions, yet keep losing...so much like a spoiled kid, keep behaving foolishly. IMHO, dismiss this as guys who are pissed that they didn't see the light...and now feel stupid when they once felt smart.

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  17. Fuck Yea! I just got my order of NORFED Liberty Dollars in today. Damn these are nice pieces of silver.

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  18. It's in the interest of the Chinese to keep the price as low as possible, in my opinion. I believe they are attempting, perhaps with Russia, India and one or more South American Countries (perhaps oil producing nations as well) to set themselves up as the new reserve currency. They need a lock on as much Gold and Silver as they can get before they make their move. It's essentially what we did tot he Russians in the 80's; except they're not competing with missle shields and neutron bombs, they're competing for something the oil producing nations have wanted simce 1971. When it does break (i.e., they've got enough to make their move), all hell will break loose on the PM pricing.

    By the way, you may wish to throw a 'lil cash into Warka Bank, or the Bank of Babylon as a hedge.

    Best regards,
    Neon

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  19. Gartman is a Donkey, always has been always will be. Anyone that follows him has lost their ass.

    @Led, in the event you didnt see it, I am scaling a balls deep long in March Corn. We can debate levels for the next few months but let me tell you that I have more confidence in this trade than any other I have put on in years. If I'm correct this will be a out of the park, lost the fucking ball n the parking lot home run, or in one of three rivers in your case. Let your conscience be your guide. Book mark this post.

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  20. @Mike S. :read it, thank you.Do appreciate. We'll keep in touch.

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  21. BTW, 2 inside days, we are poised for a run to $8.

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  22. -Chase Burning Painting on eBay blasts past $10,000 -

    http://www.ebay.com/itm/190570913537?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1423.l2649

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  23. This is interesting, gold reserves in Metric Tonnes. So it is China's best interest to keep a lid on the price of gold eg the Pan Asian Gold Exchange.

    """China - 1,054.1
    While the world's most populous country is sixth on the list of total holdings, gold accounts for only 1.6% of China's foreign reserves. It is the largest foreign holder of U.S. Treasuries with a total investment of $1.166 trillion as of June 30, 2011.

    China is the world's largest producer of gold and can buy gold from its own mines without reporting those transactions publicly. It has reasons to buy gold off the open market since open market transactions would push the price even higher and devalue its U.S. Treasury holdings."""

    http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/09/06/investopedia59325.DTL

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  24. @Mike S: Look at the gap between 750.75 and 751.75. Though that is nothing CH12 is currently at 770, which is -$962.50. Currently RSI is a little weak, as well as as some other occilators, but then again, you did say you were scaling in. Seriously, I do appreciate it.

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  25. Led,
    I am buying on fundamentals NOT technicals. I wont ignore technicals but I am buying all breaks. This will be an unhedged, unspread long.

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  26. highrise408 said...

    Chase Burning Painting on eBay blasts past $10,000


    If the guy is smart...he will demand being paid in phyzzz Silver and really piss on the bankers...publicly...

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  27. @Sheeplez - If the guy is REALLY smart, he'll take the fiat, buy phyzzz, not ship the painting, and re-locate.

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  28. @highrise408

    The guy probably painted 100 more copies to sell.

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  29. @Ledbedder and gang!

    Been a log weekend! Had a going away party, one moving back to AK, and the other to Ohio. Then saw Hall and Oats, great show! Been cleaning the fucking house all day! Geeze

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  30. MikeS - appreciate the Corn updates. Are you still (intermediate) term bullish on beans and meal?

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