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you promiss????? LOL
you promiss????? LOL
How to run a railroad???? manipulated Gold price and then
also control bid/ask it drives me crazy!!!!! I see I am not the only one that has noticed this slow action of death.
Watch BAA today---its loaded and primed to move. GOLD UP TO $1326
World events now have huge impact on GOLD prices.
BAA---WATCH IT---GOLD NOW $1326 AND STILL ON THE MOVE---UP
GOLD now $1323 up $3.6----Can not forecast when but There is going to be time when Gold goes up and sticks. With ALL THE WORLD
tensions this could be the time we are about to witness. Our world
is a time bomb ready to explode. It is so sad.
Techamental Logic'--for sure you have my attention. I will be watching the tapes tomorrow. Hope to see lots of fireworks
BAA does not control price of GOLD. it just follows it to some degree like the tail on a Dog. Baa is ready to make a move.
GOLD peaked at $1324 and has settled back to $1322 up $2.10
this morning.
Gold is very near the $1320 level again on the Asia/Europe market .LET'S SEE IF THE $1320 barrier can be broken tonight or tomorrow. and if so what effect it will have on BAA.
Todays action has me bewildered.
and I thought I was the only one that noticed something caused the increase in volume the last five minutes on Thursday.
I found it a surprise ending and the pps jumped to .48
LETS see what happens today, if anything. :)
Great minds do not always see things the same way. :) since
last trading gold held strong at $1320. I see gold starting to go up. Guess that's my glass half full taking over.
TECHAMENTAL---YOUR STATEMENT
'Us BAA investors are looking forward to BAA's Q2 production numbers which could arrive as early as Wednesday (7/9).
I think the numbers have already been whispered based on last trading day.
IF I am correct we should see increase in volume starting tomorrow. that will be a sign of confirmation.
I think this week we should see BANRO start to run.
London (AFP) - London's century-old process for fixing gold prices, tainted by a rigging scandal and attacked by critics as old-fashioned, goes under the spotlight this week in key talks aimed at modernising the process.
Analysts said that the market price of gold, which is driven by investment and jewellery demand, could climb as a result of an overhaul.
Buyers and sellers of the precious metal will meet in London on Monday to discuss the setting of the global benchmark, which affects the flow of billions of dollars worldwide every day.
The World Gold Council (WGC) will host an eagerly-awaited forum with retail and central banks, exchanges, mining firms, refiners, traders and other industry groups, while Britain's Financial Conduct Authority (FCA) watchdog will attend as an observer.
The benchmark gold price is set by four banks at 10:30 am London time (0930 GMT) and 3:00 pm, via teleconference.
The banks -- Britain's Barclays and HSBC, Canada's Scotiabank and Societe Generale of France -- are all members of the Gold Fixing Company and agree the price twice daily. Germany's Deutsche Bank pulled out of the panel earlier this year.
The process begins with the so-called spot price of gold, which is based on the current market rate of contracts for physical delivery of the metal.
The four banks must then declare whether they are interested in buying or selling at this level. The price can fluctuate depending on the balance of supply and demand, and settles on a so-called "fixing".
The system lurched into crisis this year when Barclays was fined more than £26 million ($45 million, 33 million euros) by the FCA after a ex-trader at the troubled bank admitted attempting to manipulate the gold price.
Barclays is among several banks that were fined billions of dollars by regulators foreign exchange rigging, prompting a broad review of how global financial benchmarks are set.
Critics argue the gold-price fixing process is also open to abuse.
"It lacks transparency, which means prices can be rigged to benefit banks, at the expense of producers, traders, investors, jewellers and other market participants," said Mark O'Byrne, research director at broker GoldCore.
"Prices should be determined by market forces of supply and demand and not due to a bank's determination."
The process is little changed since its creation on September 12, 1919, when the Gold Fixing Company's five founders -- including NM Rothschild & Sons -- agreed one single daily price fix in British pounds.
O'Byrne added: "The gold fix is anachronistic in the modern technological age of electronic trading and a move to electronic trading seems inevitable. At the same time, this will not be a panacea as oversight and transparency remains important."
- Call for transparency -
Caroline Bain, senior commodities economist at research consultancy Capital Economics, said transparency was needed to prevent price rigging.
"It can be manipulated even though it is based on real deals," Bain told AFP.
"Traders working for institutions involved in the 'fix' can make deals that would influence the price in a way that suits their portfolio.
"There is a lack of transparency about how the price is derived. It also contributes to a much wider lack of information on the size of the gold market."
For its part, the WGC has already stated that the gold market needs greater transparency and auditing of the data used to determine the London price fixings.
Between two and four million ounces of physical gold transactions are based on any given day's fix price, according to estimates from commodities research specialist CPM Group.
Back in May, Barclays was fined by the FCA for failing to adequately manage conflicts of interest between the bank and its customers.
The watchdog uncovered systems and controls failings in relation to a fixed London pricing of gold over a nine-year period to 2013.
Bain added: "The case was more about internal problems at Barclays as they were not monitoring the trader's activity, but it did highlight the fact that the gold fix can be manipulated."
- Volatile gold -
The gold market remains subject to volatility as the metal is often seen as a haven investment in times of geopolitical uncertainty.
In recent weeks, mounting violence in Iraq has sent traders fleeing to gold.
Gold jumped last Tuesday to a 3.5-month spot price high of $1,334.06 per ounce on the London Bullion Market.
Prices had rocketed to an all-time peak of $1,921.15 per ounce in September 2011 on fears of a fresh global recession amid the raging eurozone debt crisis.
The market could return once more to such levels if the fixing system is overhauled, according to O'Byrne.
"We believe that a more transparent and reliable fixing could lead to higher gold prices as we suspect that prices are artificially low at this time and do not reflect the delicate supply demand balance in the physical gold market," he told AFP.
"Nor do they capture the degree of systemic and geopolitical risk in the world today
Techamental Logic'---Looking like a strong close as you stated.
Have a great week end and all
I agree--downside very minimal---I just picked up an additional
13k
Gold down to $1316 today. OH MY---WHERE GOES MAA??
MOON SHOT may be delayed
Gold starting to tumble again this evening. Will baa
follow gold down gain??? Even if it does it probably will only be temporary.
A few days ago you forecasted Thursday as the date for a run.
Are we a day early?????? LOL
Game of chicken still. Gold has just passed $1330. Banro set up
to run. Those that can maintain their patience should see it run soon. Watch the bid-ask. .47 soon to be broken. I am adding more at this level. bottom feeders love this level
GOLD holding @$1226 and may break $1330 today.
GAME IS ON!!!!! GO USA
another game of chicken---no buying/no selling
ONE STEP AT A TIME---LOL
GOLD CLIMBING UP---APPROACHING $1330
Techamental Logic---We may see fireworks in the gold market tomorrow if that happens.
yup----anything is possible---tomorrow gold continues its upward
climb and baa follows up also. pass the moon and makes a trip
to the Sun. Thursday is the day!!!!!
SilverRay====lol
Techamental Logic---GOLD UP $12.8 $1328 NOT THAT FAR AWAY NOW
HOLD--HOLD ---HOLD AND MORE UP
Techamental Logic----me too or at least hold the $1321
Techamental Logic'--As I type Gold is up $4.10. Lets see how this day plays out
Good question--makes for a better topic than trying to solve
cost problems on the board. Gold has turned the corner this morning and is up $1.00 at $1316. Increase in Gold price will
solve so many problems. I am more concerned about GOLD manipulation than any other issue stated on this board.
Gold is up slightly in the Asia/Europe market.Techamental Logic
Based on your forecast this is going to be a very exciting week.
I watch GOLD frequently so I can see it reaching $1330 as you
also see. I must admit it is a bold forecast and can happen.
GOLD HAS CROSSED $1320---a slow rise for sure.
lol----Don't scare the troops---some one may take you seriously!!!! LOL
Another game of chicken this morning--no one stepping up to the plate.
Gold PEAKED AT $1321 ON Asia/Europe market and NY AT $1318
trying to inch upward slowly. Not expecting Baa to increase
much today.
'Techamental Logic----what you are saying makes sense but their timing is not well timed for us. plus they drive the stock down.
it ends up being a no win situation for us. you would think they would want to drive the stock up. maybe they have rules against
that also. :)