[Rodney King]

The problem is that the bullion banks sell gold that doesn't exist.

They sell gold forward that doesn't exist now, but will when they need to deliver because Barrick makes gold. The people they sell it to are well aware of this, so it is none of your concern.

[rohry]

"They sell gold forward that doesn't exist now, but will when they need to deliver because Barrick makes gold. The people they sell it to are well aware of this, so it is none of your concern."

But, the total amount of gold sold foreward is 7 years of production. People that are long the market don't want to wait 7 years to receive delivery on their contract.

Also "the people they sell it to" is you and me. They have sold our gold into the market (with the theoretical expectation of getting it back) and we will never get it back. The government has changed the definition of gold held in storage and has lied about how much physical gold is in the vaults.

Do a little research, please...

[shrinkermd]

Rodney King, this issue won't be settled soon, but right now, tonight Gold is up $4.50 from the close and Silver is up .05$ from, the close. Something is up in the foreign markets. I don't think it is the war, rumors of war since they aren't that much worse than they were last week. What is up? I really don't know, but soomeone is making and someone is losing big bucks big time. 1/10 of the world is the way it is and 9/10 is the way you see it.

Tonight investors "see" gold going long and breaking the five year high without much difficulty!