Monday, January 7, 2013

7/1/2013: Falling speculative investment interest in gold


In two recent posts I covered US Mint sales data (annual and monthly) for gold coins. The core theme of both was the return to fundamentals in demand as signaled by sales volumes. Such a return, of course, is the flip-side of the retrenchment by speculative investors. Here's a chart from BCA from November 2012 showing just that process working through:



Note: Disclosure in the first link above.

4 comments:

Fungus the Photo! said...

Gold ETFs, Ponzi certificates, seem to be far larger investments?

What is to happen when the major speculators fail, probably in March?

Dr. Constantin Gurdgiev said...

You seem to be on that March dateline - any indication why March?

Fungus the Photo! said...

http://www.zerohedge.com/news/2013-01-08/us-mint-sells-massive-39-million-ounces-silver-coins

Fungus the Photo! said...

Deferral of the Fiscal Cliff was temporary and expires March. The extend efforts will also give out soon ...

but agreed, there is no way to quantify defaults and indicate where it begins, as the dark pools and shadow banking are completely controlled out of sight. Presumably Gold in Sacks are put on the spot, unable to use a patsy, to choose which of its competitor "banks" cave in...which