The Basis Does Not Lie!

My answers to FOFOA’s response.

I think an accurate definition of “paper” and “physical” is important to the accuracy of your statement: “I am reasonably confident that paper and physical are bound together.”

“Physical” to me means real physical gold that has been delivered in settlement. Anything else I deem “paper”. Note that my . . . → Read More: The Basis Does Not Lie!

Follow up to FOFOA

FOFOA has hit me with a lot of questions in this comment. It is 11pm in Perth, so this will be brief, but they are interesting questions and I will cover off on them over the next few days. When it comes to COMEX FOFOA, I also am a “conceptual thinker and a fundamental . . . → Read More: Follow up to FOFOA

Economic Events on July 29, 2010

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 460,000 new jobless claims last week, which would would be an slight decrease in claims from last week’s number.

At 10:30 AM EDT, the weekly Energy Information Administration Natural Gas Report will be released, . . . → Read More: Economic Events on July 29, 2010