Salut à toutes et tous.
Les autorités de Singapore mettent en place (ont mis en place) un nouveau marché de l'Or.
C'est un marché cash avec livraison physique imédiate. Jim Sinclair a accepté d'en faire partie de la direction. Voici son credo:
Citer:
My presence in Singapore is a mission for us. Having reported to you the six locations where cash and physical only exchanges for silver and gold were to be established, I did not leave it at that. My staff and I have contacted each proposed exchange in order to determine which of the six held the best promise for the gold market transition phase for price discovery away from paper gold and to physical gold material.
My original interest was to join that exchange on behalf of TRX. That desire transmuted itself into putting my shoulder behind that exchange which offers the global window to the real price of gold. That exchange in my opinion is the Singapore Physical Precious Metals Exchange, headed by CEO Victor Foo.
Too long has gold suffered from trading in its paper form which was originally conceived of and has continued to live as the means of manipulating the paper price of gold for the benefit of the few.(1)
The time is at hand for Free Gold. The mechanism of freeing physical gold from price slavery to paper gold is the present time deletion of future exchange warehouse supply as the real cash price of physical gold exceeds the spot futures paper contract by the cost of shipping, the cost of insurance, and the cost of recasting of Western form 100 ounce gold bars into Asian product demand form.(2)
The reported shipment of one billion in gold recently from the USA to the Rand Refinery in the Republic of South Africa was not junk jewelry form as reported. It was rather in the form of 100 ounce Comex bars being shipped to the Rand Refinery for recasting into Asian product, and was sold mainly in China as gold rose in price.
I was there as a member of the Comex exchange in March of 1980, the last time the Comex board of directors panicked over the threat of the Hunt Brothers asking for delivery of both gold, silver and copper in excess of, or equal to, the then Comex warehouse qualified for delivery supply.
Asian demand for physical gold is now in excess of supply and the declining Comex warehouse supply qualified for delivery. This is the mechanism for the emancipation of Physical Gold from the 41 years of price slavery to paper gold due to the cheap paper mechanism to manipulate the world gold price. (3)
With the present time and predictable need to change the delivery mechanism on the COMEX to cash in order to avoid default on delivery, the reign of paper gold is ending. With this end we have the arrival of physical gold as the new discovery mechanism for the price of gold.
For the transition to take place it is necessary that we have functional global platforms for the trading of physical metals between peers of merit and a transparent price for global physical gold that exists nowhere for even professional public consumption.(4)
There has been a clarion call from the long suffering holders of gold shares and investment gold for the Chief Executive Officers of gold companies to identify and take definitive action to end the slavery of the gold price to the mechanism of manipulation, the paper gold market. The advent of global platforms for and the true revelation to the gold public of the real gold price, the physical cash price on a 24 hour basis in the answer.
The cost of trying to manipulate this public physical price wherein delivery must be immediately made or payment presented immediately in full makes it too expensive to manipulate the gold price on a consistent basis. The paper gold market cannot move far away from the real physical price when the real physical price is globally known. Therefore to manipulate price the tricksters will have to participate on the physical exchanges thereby increasing their cost of their operation by orders of magnitude. That huge increase in the cost of moving price at will is the beginning of the end of paper gold ruling the physical gold price. That substantial increase in the cost of operation is the beginning of the physical gold market taking the position as the true discovery mechanism for the global price of gold. It is the beginning of the end of the reign of paper gold.(5)
We CEOs of gold companies owe our stockholders economic production and all of our efforts to defeat the plans of the tricksters and their paper machinations that cost near to nothing and results in gold moving such as $1900 to $1200 when the true demand for physical over ground gold was on the rise and not on the fall. Where demand exceeded supply as paper gold was forced by bullies down from $1900 to $1200. This dichotomy in price is only viable via paper gold manipulation and must end here and now. To that object of "Free Gold" and the economic production of gold, I dedicate all my strength, all my contacts of 53 years in the business, all my knowledge of how to, and my capital.
Respectfully yours,
Jim Sinclair
Tradu des passages en gras:
(1) Il y a bien trop longtemps que l'or souffre de la négociation dans sa forme papier, qui a été initialement conçue et continue comme le moyen d'en manipuler le prix, pour le seul bénéfice de quelques uns.
(2) Le moment est venu de libérer l'Or (Free Gold). Le mécanisme de libération de l'or physique de l'esclavage de l'or papier passe par l'actuelle raréfaction des stocks du marché papier. Sachant que le prix du physique, (en théorie, ndt), excède le prix du papier par les frais de transport, d'assurance, et de transformation.
(3) La demande asiatique excède l'offre ainsi que les stocks du comex, stocks en déclin par ailleurs. C'est là que réside le mécanisme de l'émancipation du prix de l'Or physique par rapport à l'esclavage du papier, qui dure depuis 41 ans...
(4) Pour que la transition ait lieu, il est nécessaire que nous ayons des plates-formes mondiales opérationnelles de négociation de métaux physiques entre partenaires méritants, et un prix mondial transparent pour l'or physique, chose qui n'existe (encore, ndt) nulle part, même pour la consommation publique professionnelle.
(5) Le coût d'essayer de manipuler le prix du physique, pour lequel la livraison doit être faite immédiatement et le paiement présenté immédiatement dans son intégralité, ce coût est trop élevé pour manipuler le prix de l'or sur une base cohérente. Le marché de l'or papier ne peut pas s'éloigner du prix réel physique lorsque le prix réel physique est connu mondialement. Par conséquent, pour manipuler les prix, les escrocs devront participer à des échanges physiques, augmentant ainsi de beaucoup leur coût de fonctionnement. Cette énorme augmentation du coût (pour le contrôle du prix, ndt), lequel prix se mouvant librement, est le début de la fin de la tyrannie de l'or papier sur le prix de l'or physique. Cette augmentation substantielle du coût de l'opération (manipulation, ndt) est le début du marché de l'or physique... C'est le début de la fin du règne de l'Or papier.
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