GOLD BUGS, pls explain this chart like I'm 5 years old

[Anonymous No.50539583]

>picrel

[Anonymous No.50539650]

>>50539583
i hope a high IQ anon can explain this. looks like the banks are trading/hedging gold contracts? for what reason?

[Anonymous No.50539786]

>>50539583
anyone?

[Anonymous No.50539820]

>>50539650
Because everyone & their mother know gold will reach $3000 by end of the year or 2023 at the latest.

[Anonymous No.50539824]

>>50539583
I'm believe I'm qualified to answer this one.

paper contracts go weeeeeeeee

[Anonymous No.50539856]

>>50539820
>>50539824
how are derivatives bullish for gold? they can be short positions for all you know?

[Anonymous No.50539894]

>>50539856
By its nature, the majority of notional contract is long only.

[Anonymous No.50540010]

>>50539894
>majority of notional contract is long only
very interesting, where can I read up on that? thanks!

[Anonymous No.50540052]

>>50539583
Read the fucking note, smoothbrain.

>>50539894
lol

[Anonymous No.50540054]

>>50540010
Just an observation from my job, some firms even only provide/offer long only contracts to their clients

[Anonymous No.50540095]

>>50540052
>Read the fucking note, smoothbrain.
it says and chart shows the derivative position increased. showing an increased interest in trading precious metal. derivatives can be short or long smoothbrain. gold chart almost the same for 10 years straight.

[Anonymous No.50540118]

>>50540095
>it says and chart shows the derivative position increased

[Anonymous No.50540197]

>>50539583
Clearly, it would be wrong for the price of gold to be determined by the supply of, and the demand for, the actual metal. Therefore, it's necessary to use derivatives to maintain its 'correct' price.

[Anonymous No.50540415]

>>50540197
>it's necessary to use derivatives to maintain its 'correct' price.
but the big increase means what now? it needs a load of longs to keep the price afloat?

[Anonymous No.50540428]

>>50540052
>>50540118
>ITT fellow retards think they know better and are so clever KEK

[Anonymous No.50540533]

>>50540415
>but the big increase means what now?
Nothing. Read the fucking note, mongoloid.

[Anonymous No.50540565]

>2022
>people are still buying boomer rocks
Lmao. Boomer rocks are obsolete.

[Anonymous No.50540590]

>>50540428
I see what you're getting at, OP, and you _appear_ to have some solid grasp of the fundamentals, but you're still acting like a fucking twat (replying to your own post, goading others into a dispute, etc), so your position is nigh irrelevant. Nigger.

[Anonymous No.50540636]

>>50540565
>people are still buying
here it's commercial banks.

>fucking twat
bumping my thread until it gets an answer or provoke discussion makes me twat? discussions are a good learning tool.

[Anonymous No.50540810]

[Anonymous No.50540839]

>>50540415
Not enough actual gold to meet demand? No problem - here's paper gold!
>>50540095
>>50540415
>>50540428
Paper gold increasing even before Q1 2022. Whilst I'm not saying that the purpose of the SA-CCR was to conceal a further increase, it would have that effect. We can't say for sure, because the underlying change Q4-Q1 is, in fact, concealed.

[Anonymous No.50540861]

>paper gold

fucking retards

[Anonymous No.50542482]

Looks like the banks are trying to shore up systemic risk to the system. From the note, it looks like they were playing fast and loose with the assets they held and were not disclosing their PM exposure as commodity contracts but in fact "exchange rate derivatives". The banks are playing in the precious metals markets to a far larger extent than what they want to let on.

[Anonymous No.50542549]

what does it mean

[Anonymous No.50542564]

>>50539583
>picrel

[Anonymous No.50542567]

>>50539583
the big chunk is paper contracts for gold with expiration within one year. each contract is an agreement to give buying rights or selling rights to the contract holder, presumably at the counterparty's expense since that's why you would pay for such a contract, on or before expiration.
so for example, since it doesn't tell you, every last one of them could be call contracts, where the holder has a right to buy at some price. with gold at $1800 you would not execute a contract with the right to buy at $1900, that would be dumb, you can go get it in the spot market for $100 less. this is "out of the money."
whatever they are, if they are still on the books that typically means they are not yet "in the money," but evidence points to the opposite: they are probably not still on the books. january to march 2022, which is Q1, gold rocketed up from $1800 to $2050. this is consistent with prior manipulation engaged in by JP morgan and DB. in years past, they were both caught hiking the price of gold or silver way up where it shouldn't be. it has fallen back down to a low of $1680 just a couple days ago.
when these derivatives numbers come in for Q2 i think you'll see most of that will have been unwound already.

[Anonymous No.50542570]

>>50539583

I sold.

[Anonymous No.50542590]

>>50539856
short positions that are wrong still put buying pressure on when they close. what i've just explained is that it doesn't matter what side they are on because this is historical data from when we can see what gold did, already.
and that there is pre-existing evidence of manipulation from within the prior decade, which was caught years ago at the very same trading desks, and it was punished, and when the courts went through the books none other than zerohedge themselves reported that the manipulation had RAISED not lower the price of gold (and silver when it was silver).

[Anonymous No.50542612]

The derivatives have thus far suppressed gold vs. the Federal Reserve balance sheet. But, they always meet up eventually.

[Anonymous No.50542627]

>>50540565
kill you are self

[Anonymous No.50542758]

>>50542567
>>50542590
based

[Anonymous No.50543188]

>>50542590
Meds

[Anonymous No.50543365]

>>50542758
goddamn i wanted to fuck ally sheedy after that movie came out.

[Anonymous No.50543377]

>>50543188
lmao google blythe masters, then cope, then seethe

[Anonymous No.50543526]

This chart means basically nothing, as when the commercial banks disclosed their holdings, the increase of reportings on maturites held on balance sheet 1-5 years was greater than that of the shorter run maturites of < 1 yr. Meaning that this nominal increase does not mean that banks are positioning themselves for the end of the world, it's just that they have to report it. (yeah I have way too much time on my hands)

[Anonymous No.50543647]

>>50543377
>Blythe Masters
Believing the alleged creator of credit default swaps- Meds.

[Anonymous No.50543653]

>>50542758
shills out in full force today.

[Anonymous No.50543671]

top signal for miners

[Anonymous No.50543691]

>>50543188
checked brainlet
>ngmi

[Anonymous No.50543917]

>>50543647
lmao you fucking useless retard she was the commodity desk chief at JPM last time this happened

[Anonymous No.50544059]

>>50542567
>whatever they are, if they are still on the books that typically means they are not yet "in the money," but evidence points to the opposite
>it has fallen back down to a low of $1680 just a couple days ago.
bit of a contradiction there my dude
aside from this, there's a reason the silver price keeps getting smashed to fuck and it's derivatives like these, or at least that's what this smoking gun implies.
I prefer to avoid the retarded autistic screeching of the wss/pmg types but the more I look at it, there does seem to be an extreme amount of shorting taking place which has the effect of keeping the gold price low.
there have been a good few articles posted recently (I linked some here) >>50520391
some here https://gata.org/
this one discusses the idea of using shorts to suppress gold, published decades ago https://gata.org/node/8303
I'm still open to both sides desu, it's dumb to take a firm view in either camp.

[Anonymous No.50544213]

boobs

[Anonymous No.50544236]

>>50543653
what do I shill? I hold BTC.