the first will be the last and the last ...

folks, the winners will be the losers and the losers will be winners? or is the saying the other way round? who cares? i can tell you, in the financial markets ('financial casino') is luck and bad luck often close to each other, you know?

well, after the break-even success 2 weeks ago as the crude oil rallied like crazy, there was a really tough time for my trading account ... today there is a new winner, a true hero for 1 day, the natural gas contract :-) .... and yes, oil is the only loser ... hell, hell, hell, trading is a damned crazy game, wouldn't you say? and yes, it makes fun if successful :-), but
go commodities go  ... and especially go gold/silver bugs go and let's CRASH the fraudulent fiat money game played by banksters, our corrupt governments and their small dirty central banks NOW :-)

paper money down, commodities up, chakka :-)

btw, did i tell you i have exchanged next part of my paper €uros into silver-ETF shares today? of course, i know silver-ETF is not the same as silver, but hopefully is a paper backed by silver still  better than paper backed by nothing like our ever so stable euros, dollars, yens, ...  so in case the fiat money really crashes while i'm in malaysia, the silver-ETF could still quote the price of silver in the new currency :-)

addendum 31.07.2012: all yesterday's profit gone today ... commodities down, paper money up ... what a strange financial world ;-)

do central banks know where will the gold price go?

folks, there is a lot of discussion about the selling of 200 metric tonnes of IMF's gold to india's central bank this week and what does it mean for the gold market ...

well, i personally would NOT OVERVALUE the fact that a central bank sells/buys gold. why? they are soooo often WRONG on timing!

a) just think about the selling by the swiss central bank (and other european central banks) in the last 2 years ... ALL OF THEM WERE WRONG, as we know the gold price continued to climb up

b) let's laugh together about the BoE and its gold selling orgy in 2001 (?) triggered by gordon brown (that time secretary of finance in UK) => he or more precisely the UK citizens got the LOWEST POSSIBLE price for centuries ... it WAS the market bottom ... lol ... gordon brown's gold dip ...lol... ok folks, do not laugh too loud about gordon, maybe was his 'smart move' somehow motivated ... we do not know to whom he was obliged at that time and who's favor was that historical purchase at the soooo obvious bottom price ...

c) central banks do not sell their gold on me or my neighbor , so in the most cases when one central bank sells gold, so is an another central bank buying gold (e.g. IMF 2 india), just the corrupt mainstream media emphasize the selling side of the coin, of course, crazy gold bugs like me see just the other side ~ central banks are buying gold (india, russia, kazakchstan, petro-arabia, venezuela, sri lanka, china, ...)

d) the selling/buying of central banks is IMO triggered much more politicaly than triggered by some market fundamentals ...

=> do not waste too much time on central banks and their gold selling/buying motivation ... watch physical demand/supply instead ... the mine production is decreasing since few years (peak gold!), the demand is rising esp. the investing folks' demand through ETFs, coins, small bars ... and on top the central banks all over the world print sooooooo much new paper money that we will finally loose the last grain of confidence in it soon...

...

good-bye, you damned fraudulent fiat money system! welcome, next monetary reform on planet earth :-)

just my 2 golden cents :-)

btw, wherever the gold will go, GATA's newsletter will tell us first ...

(source: http://gata.org)