Relmor - here's my first chart post.... this is what I'm seeing...
Relmor - here's my first chart post.... this is what I'm seeing...
Here's chart 2 with a closeup, MACD, Volume, Stochastic...
Tried enlarging this one a bit to show details better... using my adobe photoshop to edit....
Tell me this doesnt piss of everyone in here.
http://finance.yahoo.com/news/Banks-...=TBD&ccode=TBD
They are GAMBLING with money OWED TO THEM,and backed by our deposits. A bunch of bs. With fractional banking, there is no way these bets are with house money. Banks SHOULD NEVER BE allowed to invest money. NEVER. Thats why we have investment banks and institutions for. OMG, this country is upside down. Most of those losses, Ill bet you anything was trying to short gold. Heres proof of that statement.
From yesterdays Midas:
"Bill,
Goldman Sachs bought 1084 contracts today in the expiring March Contract and stood for delivery! Looks like they are desperately short of physical gold! This brings the delivery notices for March to 4,141 contracts. That is 414,100 ozs. The COMEX registered category stands at 2.9 Mozs so this is 14.2% of the dealer inventory in a single month. Meanwhile the delivery notices for silver are at 3,490 contracts which is17.45 Mozs. The registered category is at 71.1 Mozs so the deliveries represent 24.5% of the dealer silver inventory. These are VERY significant developments.
Cheers
Dont ask me why banks short gold. I might throw something, heheehe, and thats rare. Why do you think?
Last edited by relmor2003; 03-27-2009 at 02:47 PM.
I think he was quoting from Animal House....