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ALL ABOUT GOLD

THE DAY THE GOLD FUTURES MARKET FAILED!













Home | What is the Real Significance of Harrods (London) beginning to Retail GOLD? | DO YOU KNOW WHAT THE ROTHSCHILDS KNOW? | DISTRIBUTION IS GOLDEN! | THE DAY THE GOLD FUTURES MARKET FAILED! | PITAGORAS INTERNACIONAL SA. SITES MAP! | BARRICK GOLD (ABX NYSE) MORPHED INTO MEGA BARRICK ON JANUARY 19, 2006! | BIMETALLISM: THE ONLY ENDURING STANDARD | Sell gold: Goldman | The Bullionist Controversy | All that shines needn't be gold: Jim Rogers | Gold at 25-Year High May Decline as Indian Sales Drop | HIDDEN TRUTHS ABOUT GOLD! | America Created It's Own Money in 1750 | An Interview with Jim Rogers. A must read for Gold investors! | IMPORTANT COMMODITIES NEWS | WHY GOLD? | Are the reasons we are supposed to invest in gold actually true? | IS GOLD REALLY SUCH A GOOD INVESTMENT? | FREE GOLD MARKET STATUS SIGNAL! WHY? | Commitments of Traders - Futures Only | Pascua-Lama gold hedge worries analysts | Gold bugs need a dose of humility





THE DAY THE GOLD FUTURES MARKET FAILED!
















Prior to March 18, 2009, we had read/heard various Gold Bug sites claiming that the Gold Futures Market was misleading!

 

But all the anomalies that they referred to were somewhat subjective. There were some problems in the linkage between the Cash and the Futures Markets, but they were subtle. Close but No Cigar types of observations.

 

However, we must now give the credit where credit is due. James Sinclair has consistantly claimed that the Gold Futures Markets are rigged. I mention only James Sinclair here because he is the one who has stated this for a long period of time!

 

Well, the evidence suggests that James Sinclair can take a bow after the event of March 18, 2009.

 

Just what did happen on March 18, 2009?

 

On March 18, 2009, the nearby Gold Futures Contract-April closed at 899.10, down $27.70 for the day.

Nothing extraordinary about that!

 

However, Cash Gold closed at $942.10, up $26.41 for the day.

 

This means that there was a $53.00 total difference in the price between the nearby Gold Futures Contract (APRIL), and the Cash Gold price on the close of 3/18/2009.

 

Adding insult to injury here, the biggest Gold ETF, GLD, showed precisely the same price action as the Cash Gold Market. GLD closed at $93.09, up $2.15 for the day.

 

But wait, there’s more.

 

When the Gold Futures Market began trading later on 3/18/2009, it opened at $941.60, up $52.50 for the day.

 

The significance is this!

 

The naive Gold Futures trader went home on 3/18/2008 with a good profit, and not a care in the world, and was creamed for $52.50 by the opening later that day.

 

 The Bullion and ETF traders already knew that big reversal was occuring in Gold!

 

Has Bernard Madoff managed to get control of the Gold Futures Market from his jail cell?

 

Consider the Gold Futures Market to be non-functional as of 3/18/2009

 

Wayne N. Krautkramer

wkrautkramer@yahoo.com

http://onlypill.tripod.com/
















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From my point of view, the investors are the big gamblers! They make a bet, stay with it, and if it  goes wrong, they lose it all! 
 
Jesse Lauriston Livermore