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- - Nearly done. The margin calls & Delev (http://goldismoney.info/forums/showthread.php?t=325994)

smilershouse | 11-26-2008 10:55 PM
Nearly done. The margin calls & Delev Thought to begin a thread to boost the GIMers, and PM bugs. Money morning has suggested that the Margin calls, of which created deleveraging on an unprecedented scale, and hence this contraction, may be nearing a bottom, and a race into PM's has already begun on a massive scale. And this just in from the Daily Reckoning (Open quote) "This, from the Australian: "FEARS of the unknown long-term effects from the global financial crisis have sparked a new gold rush. "With retail and wholesale clients around the world stocking up on the precious metal, the Perth Mint has been forced to suspend orders. "As the World Gold Council reported that the dollar demand for gold reached a quarterly record of $US32 billion ($50.73 billion) in the third quarter, industry insiders said the race to secure physical gold had reached an intensity that had never been witnessed before. "Perth Mint sales and marketing director Ron Currie said the unprecedented demand had forced the Mint to cease orders until January, with staff working seven days a week, 24-hour days, over three shifts to meet orders. "He said Europe was leading the demand, with Russia, Ukraine, Middle East and US all buying -- making up 80 per cent of its sales. One European client purchased 30,000 ounces for $33 million. "We have never seen this before and are working right at capacity. And we are seeing it from clients in the shop buying one ounce, right up to 30,000 ounces from overseas clients," Mr Currie said. "Robert Jaggard, manager of bullion and rare coins dealer Jaggards, said business had picked up strongly and he expected it to increase further. "All around the world there has been a heavy run on physical gold and there is a shortage of supply," he said."(closed quote) This, in relation to the economical outlook and a potential for the current expansion of a global M3, along with the Comex fiasco must surely be the boldest writing on the wall to date. Though, a sudden rise in crude would do the job totally.

Metalophile | 12-01-2008 08:58 PM
Re: Nearly done. The margin calls & Delev De-leveraging over??? Gold was down almost 6% today. Silver down more. I think not.

Jodster71 | 12-01-2008 11:33 PM
Re: Nearly done. The margin calls & Delev Buy time . its that simple

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