One Dozen More Days of Financial Infamy

[Uncle]

In 12 days of trading NY has a cumulative loss of over $33 per ounce while overseas trading has fought back with a cumulative net gain of over $11 per ounce. The NY trading shows a huge $2.76 average loss per day from the London am fix to the NY close. This selling is more than enough to force the price of gold down significantly, even in the face of almost a dollar a day per ounce gain overseas.

In the absence of that cataclysmic event that I deem necessary to move this market up rapidly, will the continued suffocating of the POG advances by NY quell the overseas desire for gold even more?

http://www.gold-eagle.com/editorials_03/clawar032603.html

A lot of info in links inside of article.

[IrishGold]

Thank you!
We all need to keep in the front of our minds, the constant and relentless manipulation of our favorite metal.

[Uncle]

Some more on the same subject.

Ripped directly from you-know-who at you-know-where. Kudows to Goldcreature for this info

DO YOU WANT TO SEE THE DATA ON DERIVATIVES

(Goldcreature)
Mar 26, 13:47

Take a look at

http://www.occ.treas.gov/deriv/deriv.htm

where you will see Office of the Comptroller of the Currency quarterly report on bank derivatives.

Graph 5A shows a bar chart of the derivative exposure by several banks. The table below it shows credit exposure to risk-based capital. Looks like JPMorgan quit reporting at the end of the third quarter of 2001 when the number reached 1,156.9% of capital. The small print doesn't help much.