Just in case you missed it in this morning’s Greenwich Time, break the gold jewelery out of archives ’cause today’s your lucky day. Obviously we all know who’s behind this, though the rapscallion’s not saying anything, for now.
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As long as the central banks continue to dump their gold continuously the price will stay low. Not to mention the JPM and HSBC naked short selling…
Ca$h For Gold is the new killing it.
@1 why do central banks continue to dump gold?
do you think Paulson will buy my grill?
http://www.goldteeth.com/images/invisible-sets2.jpg
@1 why do central banks continue to dump gold?
Would love to get a look at the video cam and see who went in to sell.
It’s insane that this is taking place in Greenwich (Old Greenwhich, the even tonier section, no less).
@5, What happens after a night of heavy drinking and a large cup of coffee the following morning?
@ 3 and 5
if you can print your own money and make it worth whatever you want why would you need gold?
@6- cohen, lampert, gendell…who else?
will the Noel family be attending?
7-wtf are you talkign about?
The G’wich Hyatt is literally around the corner from SAC. So, maybe some of those gold-plated fixtures might end up there.
@12- what am I talking about? Gee, let’s see…I can see something so lowbrow and tacky taking place in a shitty town, where the residents are so strapped for cash they have to sell their shit, but the fact that it’s taking place in Greenwich, one of the wealthiest towns in the country, is scary. How did you not understand that?
-7
@13- do you remember the gold boat they had in the lobby of SAC? one of stevie’s art pieces? that could end up at the Hyatt too.
@7: I think he is asking why you are referring to Old Greenwich as “tonier”. Old G’wich is a small village at best, right on the Stamford border. The Hyatt itself is nice (as Hyatts go), but Old Greenwich is hardly as tony as central Greenwich.
I received a full service massage at this Hyatt last year. Worth every penny.
Speaking of Greenwich…
Does any one know if the G’wich train station is still as busy with Wall St commuters as it used to be?
Last time Mrs. TGFD rode thru there, she said it wasn’t.
The Guy from Delaware
@18: I have a commuter parking pass for the indoor Greenwich train “plaza” – the 5 year wait kind. The garage used to be packed. Now, you can catch a 10am train and still get a spot near the door closest to where the train lets you out.
The trains are still crowded, but instead of having to stand in the vestibule with 25 others on the completely packed 7:19, you stand with just a couple others. And there are some middle seats available.
@18
That’s because they were all under the platform waiting on Mrs. TGFD…
Clown@#20…
Yeah. They were down there waiting alright. Waiting and hoping that Mrs. TGFD might stop on her way thru and stick the heel of her medium pump in their direction so they could suck on it.
The Guy from Delaware
p.s. @#19…Thanks for the update.
@1.. how do you ‘naked’ short sell gold? it’s a commodity that is physically settled.. if you don’t have it- you have to get it- or you roll your contract.. stupid comment
@22 Who in hell is going to audit the bank vaults for gold? They can create “virtual” receipts that are never verified. The ECB had to sell DB gold before the comex delivery on the 31st.
@7 – you must be from stamford. Old Greenwich is not the ‘tonier’ part of town, much like Harlem isn’t the tonier part of Manhattan.
16 and 24- exactly
The 7:39 and 7:49 trains are always crowded (mostly middle seats)
@23- you’re missing the point. the futures market is a zero sum game.. for every winner- there is a loser. there is a finite # of contracts.. you can’t ‘naked’ short sell a future. do you think you get a ‘borrow’ on a future, or that you are borrowing someone’s gold to short it? when it comes time to settle- you pay up- or pay the price to roll.. like we saw with oil in the fall- there is a cost to roll—- just as you say in your post- DB had to get the gold to deliver
@23- you’re missing the point. the futures market is a zero sum game.. for every winner- there is a loser. there is a finite # of contracts.. you can’t ‘naked’ short sell a future. do you think you get a ‘borrow’ on a future, or that you are borrowing someone’s gold to short it? when it comes time to settle- you pay up- or pay the price to roll.. like we saw with oil in the fall- there is a cost to roll—- just as you say in your post- DB had to get the gold to deliver
@23- you’re missing the point. the futures market is a zero sum game.. for every winner- there is a loser. there is a finite # of contracts.. you can’t ‘naked’ short sell a future. do you think you get a ‘borrow’ on a future, or that you are borrowing someone’s gold to short it? when it comes time to settle- you pay up- or pay the price to roll.. like we saw with oil in the fall- there is a cost to roll—- just as you say in your post- DB had to get the gold to deliver
@27, you’re missing the point. you only have to click post once, you idiot
@27 CFTC regulations require a 90% cover on all deliverable metals contracts. If the gold came from the ECB, then DB violated that rule.
worst site to post on..ever
@32- yeah, that’s right, blame DB for you being a retard and clicking over and over.
Props to #30….well played…