Saturday, June 13, 2009
Gold is a rocket ship on the verge of taking off . The Real Estate Bubble Burst, The Bulging National Debt, and the Declining Dollar Will Push Gold Prices to Record Highs, even though
gold doesn't pay you an income, and history teaches that gold only competes with cash in the bank or under the mattress or government treasury bonds (provided they pay) when inflation rises faster than interest rates. Gold is going to be king in the Market in the few coming days ...you have been warned ..those who do not buy gold now will find themselves broke when hyper inflation as propheciesed by top notch investors such as Marc Faber or Jim Rogers you will have only yourselves to blame if you keep your assets in US dollars or US treasury Bonds
Friday, June 12, 2009
Thursday, June 11, 2009
Wednesday, June 10, 2009
Tuesday, June 9, 2009
Monday, June 8, 2009
Interview and discussion with Deborah Fuhr of Barclays ETF Research Head. Many people are moving toward seizing sector products, because the challenge in this environment is if you believe in the sector. (The Bloomberg Edge)
Sunday, June 7, 2009
Saturday, June 6, 2009
at $950 is gold is still a good investment especially that some experts predict gold to reach $2000 even $5000 an ounce in the short term amongst the fear that all FIAT currencies may devaluate in a hyperinflation doomsday scenario , although that gold does not pay a devident it is unarguabley the best protection against the devaluation of the Dollar ...bottom line go get your Gold bullions it is still time
Friday, June 5, 2009
Gold surges to near record territory
The metal gains ground as the dollar slumps and investors bet inflation will rebound. Analysts see $1,000 an ounce on the horizon.
NEW YORK (CNNMoney.com) -- Gold prices charged higher Thursday, with another run at $1,000 an ounce looking increasingly likely, as the dollar remains weak and concerns about inflation boost demand for the metal.
Gold for August delivery rose $16.70 to settle at $982.30 an ounce after hitting an intra day high of $992.10 an ounce earlier this week.
The metal is up 11% from its mid April low of $869.50 an ounce as the U.S. dollar has tumbled against rival currencies. Gold and other commodities that are priced in dollars often gain ground when the greenback weakens.
The recent run up has raised bets that gold could top $1,000 an ounce for the third time ever. Gold rose to an all-time settlement high of $1,003.20 an ounce last year. It made another big push early this year, closing at $1001.80 an ounce Feb. 20.
In both cases, jittery investors flocked to the metal to preserve capital as the financial markets erupted in volatility.
Thursday, June 4, 2009
By Halia Pavliva
June 4 (Bloomberg) -- Gold prices rose on speculation that the slumping dollar will spur inflation, boosting the appeal of precious metals as a hedge. Platinum surged more than $55 an ounce to the highest since September.
In May, the dollar fell 6.4 percent against a basket of major currencies, the biggest drop in 24 years. The greenback resumed its decline today, sending commodities higher. The Reuters/Jefferies CRB Index of 19 raw materials rose as much as 2.1 percent.
Gold futures for August delivery rose $16.70, or 1.7 percent, to $982.30 an ounce on the Comex division of the New York Mercantile Exchange. Yesterday, the price reached $992.10, the highest for a most-active contract since Feb. 24.
Platinum futures for July delivery jumped $48.80, or 3.9 percent, to $1,293.30 an ounce on the Nymex. Earlier, the price reached $1,301.90, the highest since Sept. 9.
Platinum climbed for the seventh straight session, the longest rally since January. Holdings in ETF Securities Ltd.’s exchange-traded fund backed by the metal have jumped 74 percent this year.
Silver futures for July delivery gained 58.5 cents, or 3.8 percent, to $15.895 an ounce on the Comex.
This year, silver has jumped 41 percent, platinum is up 37 percent and gold has gained 11 percent.
‘Fears of Inflation’
The Wall Street Journal
June 2, 2009
Gold and silver futures bounced from overnight weakness Tuesday in response to a softer U.S. dollar, although the metals also ran into bouts of profit-taking.
August gold rose $4.40 to $984.40 an ounce on the Comex division of the New York Mercantile Exchange. July silver rose 22 cents to $15.955 and peaked at $16.02, its strongest level since August.
“Overnight, you had some profit-taking across the board in commodities,” said Bob Haberkorn, Lind-Waldock senior market strategist. “People were anticipating dollar strength on [Treasury Secretary Timothy] Geithner’s comments in China.
Wednesday, June 3, 2009
Tuesday, June 2, 2009
THE PRICE OF WHOLESALE GOLD bounced in London on Tuesday morning, reaching $983 an ounce for Dollar investors and recovering from near 5-week lows versus the British Pound.
The Gold Price in Euros held steady at €689 as the single currency also leapt, jumping to new 2009 highs against the Dollar above $1.4270.
"Upside for gold could be limited today," reckons Walter de Wet at Standard Bank in a note. "There were fairly large volumes of physical gold selling [on Monday] when the price moved above $980."
But with US Treasury bond prices down more than 5% for the year to date, and "while higher yields increase the cost of holding gold in the longer run," de Wet adds, "right now it signals reduced investment appetite for exposure to the US and a weaker Dollar."
"Don't be complacent and think there isn't any alternative for China to buy your bills and bonds," warned former central-bank advisor Yu Yongding - scheduled to meet US Treasury secretary Tim Geithner in Beijing today - in an interview on Monday.
"The Euro is an alternative. And there are lots of raw materials we can still buy."
According to data from Bloomberg , foreign investment in US Treasury debt rose nearly $69 billion in May, with strong foreign demand for last week's auction of $101bn in new bonds.
The Federal Reserve will continue its $300bn "quantitative easing" of longer-term interest rates by purchasing 10- and 2-year bonds in the open market tomorrow and Thursday.
"Most of the ongoing rally in the precious metal is more driven by a stark weakness in the US Dollar than the risk averse buying we saw last winter," agrees Andrey Kryuchenkov at VTB Capital in London, quoted by The Telegraph.
By Nicholas Larkin
June 2 (Bloomberg) -- Gold rose in New York and London as a decline by the dollar increased the metal’s appeal as an alternative investment. Silver also advanced.
The U.S. Dollar Index, a gauge of the currency’s value versus six counterparts, fell as much as 0.8 percent to the lowest since Dec. 18. Gold, which typically gains when the dollar weakens, touched a 14-week peak before closing yesterday and silver reached its highest in almost 10 months.
Investors continue “to track moves in the dollar, the key factor driving gold,” Pradeep Unni, an analyst at Richcomm Global Services in Dubai, said in a note. “As optimism grows that the worst of the economic downturn is over,” the correlation between gold and the dollar has returned, he said.
Gold futures for August delivery rose $1.90, or 0.2 percent, to $981.90 an ounce on the New York Mercantile Exchange’s Comex division at 8:43 a.m. local time. The contract earlier fell as much as 1 percent. Bullion for immediate delivery in London gained $5.16, or 0.5 percent, to $980.43.
The metal slipped to $973.50 an ounce in the morning “fixing” in London, used by some mining companies to sell production, from $981.75 at yesterday’s afternoon fixing. Gold briefly traded above $1,000 in the U.K. capital on Feb. 20, the first time the metal had breached that price since March 2008, when it climbed to a record $1,032.70.
“The week is likely to be dominated by further developments on the currency market, with the rally possibly slowing down if the dollar holds above 79-78.5” as tracked by the index, Andrey Kryuchenkov, an analyst at VTB Capital in London, said in a note. The index fell as low as 78.524 today.
Investment in the SPDR Gold Trust, the biggest exchange- traded fund backed by bullion, rose to a record 1,134.03 metric tons yesterday, the company’s Web site showed. That’s the first gain since May 22.
“One day of decent flows is not enough to change our minds on the near-term outlook for gold,” John Reade, UBS AG’s head metals strategist in London, said in a report. “We are seeing no strong physical gold investment, and we hold our one-month forecast for gold at $950 an ounce.”
Read entire article :
Monday, June 1, 2009
By Jae Hur
June 1 (Bloomberg) -- Gold climbed to the highest in more than three months as a slumping dollar increased demand for the precious metal as a store of value. Silver gained to the highest since August.
Precious metals advanced as the dollar dropped to the lowest since Dec. 18 against a basket of six major currencies, after posting its biggest monthly loss this year in May. Silver rose 27 percent in May, the most since April 1987, and gold added 10 percent, the most since November.
“The dollar’s weakness continued to lend support to commodities, including precious metals and crude oil,” said Hiroyuki Kikukawa, general manager of research at IDO Securities Co. in Tokyo.
Gold for immediate delivery added as much as 0.7 percent to $985.70 an ounce, the highest since Feb. 24, and was at $983.51 at 1:57 p.m. in Singapore. Silver for immediate delivery climbed as much as 1.3 percent to $15.95 an ounce, the highest since Aug. 8, before trading at $15.865.
Spot silver has jumped 39 percent this year, while gold has gained 12 percent. One ounce of gold now buys about 62.1 ounces of silver, the lowest this year, according to data compiled by Bloomberg. This is down from a high of 84.39 in October, which was the most since March 1995.
“Both precious metals appeared to have been overbought,” Kikukawa said. Silver’s 14-day relative strength index, a gauge of momentum, rose above 70 on May 28, a signal some investors use to indicate prices may be about to decline. The index for gold climbed above 70 on May 29.
“Given the re-emergence of the typical inverse relationship between the dollar and gold, the likelihood of further weakness in the dollar should drive gold to a test of its 2008 record highs,” said Toby Hassall, an analyst at Commodity Warrants Australia Pty in Sydney.
Spot gold reached a record $1,032.70 on March 17, 2008.
Saturday, May 30, 2009
read the entire article :
Friday, May 29, 2009
Gold hit the $980-a-troy ounce level yesterday before easing back to $979.90, up 2.2 per cent on the day and gaining 2.5 per cent this week. It was helped by concerns about rising levels of government debt.
Silver rallied 6.4 per cent to $15.56 this week and was on course for a gain of 26 per cent in May, its best monthly performance for 22 years.
Thursday, May 28, 2009
Wednesday, May 27, 2009
Investment in the SPDR Gold Trust, the biggest exchange- traded fund backed by bullion, climbed 1.9 percent to 1,118.76 metric tons as of May 22, the first gain in seven sessions, the company’s Web site shows. Gold assets held by Zuercher Kantonalbank’s exchange-traded fund jumped to a record 4.603 million ounces last week, the bank said today.
“Investors took advantage of intraday weakness by adding to their long positions,” Tom Pawlicki, an analyst at MF Global in Chicago, said by e-mail.
Gold futures for August delivery rose $4.50, or 0.5 percent, to $959.60 at 12:21 p.m. on the New York Mercantile Exchange’s Comex division. The metal fell as much as 0.7 percent earlier today. Futures for June delivery, the most-active contract until today, climbed $4.30, or 0.5 percent, to $957.60 an ounce on the Comex.
Bullion for immediate delivery in London climbed 0.6 percent, to $957.95 an ounce. The metal rose to $949.50 an ounce in London’s morning “fixing,” used by some mining companies to sell their output, from $945 in yesterday’s afternoon fixing.
Read entire article :
Tuesday, May 26, 2009
Santella says : " So in the short term, I could see gold in December coming down to around $700, and at that level the jewelry market will pick up again, so it will buoy it and hold it up between 700 and 800. In the longer term, it should come off, or if there’s inflation, maybe it will hold up around there. Those are harder things to see of course, so I’m just guessing.
as to the three industrial precious metals, which are silver, platinum and palladium. Silver consumption has been brisk and remains brisk, and part of that, I believe, is the jewelry sector, which is that people have turned to silver to buy jewelry. So there’s a lot of jewelry sales in silver, so silver remains brisk at these levels … even right now it’s trading above $13. It can remain there for a while, though I think silver will also trade down because it follows gold a lot of times, as there is also a percentage of people that buy for investment purposes.
Platinum and palladium are being held up by investment money at the moment, but their primary demand is industrial. Once people realize they’re not going to get any earnings if the metals stay stagnant in the price level, they will abandon it, and so I think platinum and palladium can still come off a bit." he added
By James West
Monday, May 25, 2009
Here we go again. The forces of legitimate money versus the incumbent purveyors of the candy floss economy squared off at the $1,000 an ounce line over which yet another battle will be fought. Arrayed against either side are formidable new elements and tried and true old ones. As usual, the first volley has been catapulted over the walls of the hucksters by the defenders of the essential timeless truth of gold’s naturally stored value against the counterfeit paper currencies.
The liabilities of the enemy have increased, and the short positions in the COMEX market are sufficiently stacked that the big bank defenders simply cannot allow gold to win decisively. G7 governments are allied against gold to a man, while emerging economic behemoths China and Russia stand in opposition.
In particular, China’s revelations that it has been in a continuous accumulation mode for the last several years and is now the fifth largest sovereign reserve of gold has created an impetus in the gold camp that has been seen lacking in the past. Institutional and sovereign investment entities now perceive a floor in the gold price based on this information, and one must beg the question as to why China would make such a revelation when it threatens to undermine the value of its $2 trillion in U.S. debt holdings.
China has also been careful to avoid buying gold on the international market, for fear, it says, of creating a stampede into the precious metals that would immediately increase the cost of its stated intention to continue accumulating gold towards the backing of the yuan (renmibi) as a global reserve currency.
Yet that is precisely what has happened. Ostensibly, the justification for tipping their hand exists in the fact that they’ve resigned themselves to the fact that selling poison toys and pet foods to Americans in exchange for a currency that loses value like light into a black hole is an acceptable if imperfect transaction. With $50 billion a year in interest payments from the U.S., they can hedge the risk buy using it to buy gold.
With the perceived floor arguably at $850, downside risk is limited in gold far more so than in U.S. treasuries, which, if mainstream media is to be taken as remotely credible, is the current favorite of safe haven investors.
‘Safe Haven’ is about to get painted with same fragrant brush as ‘AAA-rated’ investments.
Goldbugs are salivating at the prospect of vindication, but seasoned veterans of the war know that the governments and central banks arrayed against gold are not fair fighters. Since the largest players in the futures market occupy both sides of the contract, and never take delivery of the physical gold, they can orchestrate a perpetual negative sentiment towards gold by driving the future price downward by simply amping up the short positions, thus making gold appear poised for a sell-off. This has been standard operating procedure for the last decade, and it is interesting to note that ever-bigger short positions are having less influence over shorter durations before the bulls shrug off the flimsy performance and take gold higher.
Critics and observers of this U.S. Dollar image management program point to the fact that such activity, while shoring up demand for U.S. Dollar debt in the short terms, effectively undermines the entire global economy, and is among the fundamental causes of financial crises such as the housing collapse and the whole current global financial fiasco.
Proponents of this manipulation, who are increasingly legion in number, correctly predict an inevitable bursting of the damn catalyzed by investment demand overwhelming the short positions, forcing them to buy and cover to limit losses, which will, in itself, stimulate the gold price even further.
With the limited oversight and feeble reporting standards of the CFTC, the ploy is facilitated by complicit (or ignorant) regulators who ensure data is obfuscated and disclosure limited. It has been this collective effort on the part of the Dollar Defenders that continuously defeats gold’s advances, repeatedly castrating the bulls and sending them whimpering to lick their wounds and regroup.
But China is now leading the charge, and the bet is that they’re willing to forgo the lost value of their USD holdings to decisively undermine the global reserve currency once and for all and replace it with the Yuan, a move that would effectively mark the beginning in the shift of the global balance of power from west to east.
The United States, overextended militarily across the Middle East and Asia, with new fronts threatening to open in Iran and Pakistan, is perilously close to an international nervous breakdown. China’s opportunity is to ride to the rescue bearing smiles and steamed pork buns while dividing up what is left of the American industrial asset pool.
Our leadership of the last decade (or more accurately, absence thereof), eager to lubricate the workings of multinational financial interests, have inadvertently played into the patient hands of their biggest creditor by prostituting the national currency shamelessly to the point where every nation in the world can see what used up piece of spent jet trash the old USD has become.
While mainstream media dismisses the idea of the Yuan replacing the dollar as the international monetary standard, those of us who have tuned out at the perception management program on CNN recognize the event as halfway accomplished.
The truly explosive moment for gold will occur when the Chinese, at their discretion, decide to spring the trap, and abandon USD completely in favor of gold, suddenly spiking the price of gold straight north in tandem with the complete collapse of the U.S. dollar.
Don’t pay any attention to the second rate hacks trying to claim credit for predicting the fall…its been predicted repeatedly throughout history from Nostradamus to Roubini. Any student of economic history with 20/20 vision could see this coming, and here it is. “I told you so” is a waste of time. Who’s offering a solution?
Whether or not this particular battle at the Great Wall of $1,000 an ounce is the mother of all battles remains to be seen. Desperate times call for desperate measures, and while G7 governments collude to retain power, the unforeseeable is the greatest threat to gold.
That being said, veteran observers are optimistic, to say the least.
According to Bill Murphy, intrepid soldier of gold wars and standard bearer for the Gold Anti-trust Action Committee,
"The Gold Cartel is giving it all they have no, as evidenced by the sharply rising gold open interest on the Comex ... up some 23,000 contracts on Wednesday and Thursday. They are doing all they can to counter new spec buying.
My hunch is the next time we see $1,000, and that could be very soon, gold ought to take off from there, giving us more upside dynamic daily moves. The reasons to own physical gold are off the charts ... HUGE investment demand, shrinking visible central bank supply (unrelated to the cabal), shrinking mine supply, shrinking dollar, concerns over sovereign wealth debt, a horrible US economy, and a US printing press that is going flat out and will have to for some time to come.
In my opinion, all gold has to do is to stay over $1,000 for a few days, and then all kinds of bells and whistles go off."
Read entire article :
Sunday, May 24, 2009
Saturday, May 23, 2009
Friday, May 22, 2009
Gold traded near the highest in two months, set for a third weekly increase, as the dollar fell against the euro, boosting the appeal of the precious metal as an alternative investment.
The Dollar Index, a measure of the greenback against six major currencies, has lost 3.2 percent this week on speculation that the U.S. government’s creditworthiness may be weakening, after Standard & Poor’s yesterday cut its outlook on the U.K.’s AAA credit rating to “negative” from “stable.”
“Investor interest in gold was bolstered by the declines in international equity markets and the soft tone of the U.S. dollar,” David Moore, chief commodity strategist at Commonwealth Bank of Australia, said in an e-mail today.
Immediate-delivery gold was little changed at $952.45 an ounce at 12:27 p.m. in Singapore after touching $956.55 yesterday, the highest since March 23. The metal has climbed about 7.2 percent this month and is about 19 percent higher than this year’s low of $802.59 an ounce. Silver, which dropped 0.2 percent to $14.49 an ounce, is still up 3.5 percent this week.
Bill Gross, co-chief investment officer of Pacific Investment Management Co. in Newport Beach, California, said yesterday that the U.S.’s top AAA credit rating will “eventually” be lost. “The markets are beginning to anticipate the possibility of” a downgrade, Gross said.
Thursday, May 21, 2009
Wednesday, May 20, 2009
Tuesday, May 19, 2009
Monday, May 18, 2009
May 18 (Bloomberg) -- Juerg Kiener, chief investment officer of Swiss Asia Capital Ltd., talks with Bloomberg's Paul Gordon about the outlook for the gold market.
Kiener, speaking from Singapore, also discusses factors driving gold prices, the metal's use as a currency and his investment strategy for gold stocks. (Source: Bloomberg)
Watch the vide by clicking bellow :VIDEO
Saturday, May 16, 2009
By Halia Pavliva
May 15 (Bloomberg) -- Gold prices rose, extending a rally to two weeks, as investment demand increased on rising consumer prices and signs that a rally in U.S. equities may be ending. Silver futures fell.
The Standard & Poor’s 500 Index headed for a decline this week amid speculation that the rally has outpaced prospects for corporate profits and economic growth. Some investors buy gold as an alternative to shares. U.S. consumer prices excluding food and fuel climbed 0.3 percent, the Labor Department said today.
“For gold and silver, we are going into a win-win situation,” Ashraf Laidi, the chief market strategist at CMC Markets in London, said in a Bloomberg Television interview. “When we will have a retreat in the financials and the rest of the stocks, we will have some rotation into metals.”
Gold futures for June delivery advanced $2.90, or 0.3 percent, to $931.30 an ounce on the Comex division of the New York Mercantile Exchange. The price gained 1.8 percent this week, following a 3 percent increase last week.
“Gold prices have turned higher as the market’s focus turns to the unexpected jump in the core consumer-price index,” said Ralph Preston, a Heritage West Futures Inc. commodity analyst in San Diego. “A close above $930 could be explosive.”
Silver futures for July delivery slipped 3 cents, or 0.2 percent, to $14.01 an ounce. The metal still gained 0.4 percent this week.
The S&P 500 is down 5.1 percent this week. The gauge rallied eight times in the past nine weeks as some economic reports suggested that the worst of the recession may be past.
The dollar has dropped 1.8 percent this month against a basket of six major currencies, enhancing the appeal of gold as an alternative investment.
“Gold has been the object of affection for hedge funds and also has paid increasing attention to the dollar lately,” said Tom Pawlicki, an analyst at MF Global in Chicago. “That helps explain why gold has rallied both when stocks have risen and fallen.”
Silver has climbed 24 percent this year, and gold is up 5.3 percent.
Friday, May 15, 2009
Schmidt Management Company
May 11, 2009
Will the wealth destroying policies of the Obama Regime make the People’s Bank of China full-fledged Gold Bugs? Chinese officials announce their purchases of Gold, and continue to raise concerns about U.S. economic policy and the associated implications for the value of the U.S. dollar. One might think they have indeed become Gold Bugs. If that be the case, no real surprise should be registered. A casual observation of government economic policies around the world, and in particular in the U.S., since the invention of the central banking and fiat money would convert any rational individual into a Gold Bug. Given the wealth destroying policies of the Obama Regime, a large number of people might wake up to be Gold Bugs.
In the above chart is plotted a dollar index built on the median movement of the dollar versus a basket of major currencies. In today’s world, capital flows dominate all other considerations in determining the relative values of currencies. The widely used trade-weighted index is a fairly obsolete concept, built on early 20th century concepts of trade, but remains commonly used. The median is used as a measure of central tendency to avoid the distortions that often develop when using common averages.
In that chart is an ominous picture. The U.S. dollar is breaking what little support might have existed. The U.S. dollar is about to go into free fall. Just as traders were quick to ride the dollar higher, on false pretenses, traders will be as quick to sell the dollar. Already, some currencies have rallied strongly against the dollar. No one observing a chart of the U.S. dollar is going to be willing to grab this “the falling knife.”
Part of the impetus for the dollar’s rally of the past year was the repatriation of funds made necessary by the joyful collapse of the hedge fund sector. Fundamentals, of any kind, did not exist to support the dollar’s rally. What is now happening is the correction of non-equilibrium values in the foreign exchange market. And just as the dollar overshot on the upside, it will overshoot on the downside.
We can now reasonably expect that the dollar will make a new low, as measured by the index in that chart. That development would have some strongly positive implications for the price of US$Gold. A new low in that dollar index translates into a U.S. dollar price of Gold of more than US$1,100. Gold Bugs may indeed have a joyous holiday season this year, brought to you by the Obama Regime’s destruction of the dollar.
A natural question that then follows is when that price might be achieved. In large part the speed of the assent will be dictated by the level of institutional participation in the Gold market. Based on the experience of the past year we can make some time estimates, though frail they are. If the institutions are active in the market as the dollar crumbles, US$Gold could achieve that level in a September - December framework. Without that participation, December - March would be more likely.
That $Gold is under valued in an intermediate time frame is only part of the equation. Two remaining questions must be answered.
If I do not live in U.S. dollars, should I buy Gold?
Finally, should we be buying Gold today, at these prices?
Flip side of the price of Gold in your currency is the Gold price of your currency. Gold price of your currency is how many ounces of Gold are necessary to buy one unit of that currency. The calculation is simply 1 divided by the price of Gold in your currency. If the price of Gold declines when denominated in your currency, which happens when your currency strengthens, the Gold price of your currency is rising.
To simply things, let us consider the chart above. What has been done is to plot the rank of the major currencies by the strength of the Gold price of that currency. In other words, the Gold price of the South African rand has been the strongest of the twelve currencies listed. The South African rand has been too strong relative to Gold. The currency is likely over valued relative to Gold. Or from the other direction, the Gold price of the currency is probably too high. The higher your currency ranks in this chart, the more under valued Gold is likely to be in terms of your currency.
Thus far, we have set an intermediate term target for $Gold of US$1,100. Second, we have identified in which currencies Gold is probably the most under valued. Final question deals with whether or not we should be buying today.
To help answer the final question, let us consider the chart above. $Gold has broken the down trend line which had served as resistance. However, it is now short-term over bought. That condition comes from the rapid decent of the U.S. dollar in recent weeks. Additionally, institutional recognition of the role of Gold in portfolios has become more widespread this year.
Given that $Gold is probably short-term over bought and some possibility of Summer doldrums developing, investors should probably simply use weakness to do their buying. $Gold prices below US$900 should encourage all buyers. Price weakness in the AM on New York City time should be used in particular. Those investors living in currencies at the top of the second chart should be aggressive buyers during such periods.
Summer of 2009 may be the last great buying opportunity for Gold. What we mean is that the prices that develop in the next few months, or weeks, may not be revisited. In the next leg of the structural Gold bull market, US$1,000 is more likely to be a floor than a ceiling. Waiting to buy Gold till the next announcement of purchases by the People’s Bank of China may be too late. China’s most recent comments on the dangerous economic policies of the Obama Regime remind this author of an old joke. When the wife complained to the farmer for shooting the mule, he turned to her and said, “That’s once.”
© 2009 Ned W. Schmidt
Gold needs to break through the $930 level first in order for investors to snap it up, suggests Jonathan Barratt, managing director of Commodity Broking Services. He speaks to CNBC's Oriel Morrison.
Thursday, May 14, 2009
This blog uses third-party advertising companies to serve ads when visiting this site. These third parties may collect and use information (but not your name, address, email address, or telephone number) about your visits to this and other websites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, you can visit Google's Advertising and Privacy page.
If you wish to opt out of Advertising companies tracking and tailoring advertisements to your surfing patterns you may do so at Network Advertising Initiative.
Google uses the Doubleclick DART cookie to serve ads across it's Adsense network and you can get further information regarding the DART cookie at Doubleclick as well as opt out options at Google's Privacy Center
I respect your privacy and I am committed to safeguarding your privacy while online at this site http://goldbasics.blogspot.com The following discloses how I gather and disseminate information for this Blog.
RSS Feeds and Email Updates
If a user wishes to subscribe to my RSS Feeds or Email Updates (powered by Feedburner), I ask for contact information such as name and email address. Users may opt-out of these communications at any time. Your personal information will never be sold or given to a third party. (You will never be spammed by me - ever)
Log Files and Stats
Like most blogging platforms I use log files, in this case Statcounter. This stores information such as internet protocol (IP) addresses, browser type, internet service provider (ISP), referring, exit and visited pages, platform used, date/time stamp, track user’s movement in the whole, and gather broad demographic information for aggregate use. IP addresses etc. are not linked to personally identifiable information.
This Blog contains links to other sites. Please be aware that I am not responsible for the privacy practices of these other sites. I suggest my users to be aware of this when they leave this blog and to read the privacy statements of each and every site that collects personally identifiable information. This privacy statement applies solely to information collected by this Blog.
I use outside ad companies to display ads on this blog. These ads may contain cookies and are collected by the advertising companies and I do not have access to this information. I work with the following advertising companies: Google Adsense. Please check the advertisers websites for respective privacy policies.
Robert Kiyosaki, along with friend, and author of the Rich Dad Adviser Book, Guide to Investing in Gold and Silver, Mike Maloney, explains w...
The Gold of The Rothschild : historically the Rothschild family wealth is hidden in underground vaults , The Rothschild secret wealth ...
CNBC is now reporting that Gold may top $6000 an ounce along with silver at $600/oz in the near future caused by the banks failures and the...
Iran to sell its Oil for Gold ,what will you have real money in gold or silver or fiat promissory note that looses value daily ! Gaddafi t...
This is the presentation Mike Maloney gave at a private wealth creation group in Puerto Rico. This is the most all-inclusive presentation...
Gold dropped below $1,661 this morning so why in the world is going on ? Expert Phil Streible says that it is mainly due to the liquidation...
Silver guru David Morgan who predicted recently that he sees Silver doubling in price in 2012 ( going to $60/oz) is interviewed by Max Ke...
Fed's attorney Scott Alvarez boldly admits that the Federal Reserve has no Gold whatsoever backing the US Dollar : "The Federal Re...
Gold and Silver went up 500 percent during the 2001 Economic Collapse in Argentina , during any economic collapse people go back to the re...
Max Keiser takes on Jon Nadler of KITCO Nov 2006: Jon Nadler predicted gold average to be $800 per ounce for 2010. The 2010 high was $...
Financial Blog List
Jim Rogers I Suspect They ll Take The Pension .. – YouTube - Check our website daily at http://www.figanews.com Jim Rogers I Suspect They ll Take The Pension .... [[ This is a content summary only. Visit http://maxke...9 hours ago
Jim Rogers I Suspect They ll Take The Pension .. – YouTube - Check our website daily at http://www.figanews.com Jim Rogers I Suspect They ll Take The Pension .... <<<< This is just a summary please visit http://gold...9 hours ago
Robert Kiyosaki : Financial Struggle is working for someone else - Robert Kiyosaki : Financial struggle is often the direct result of people... [[ This is a content summary only. Visit www.figanews.com for The full Story ]]23 hours ago
Marc Faber : The next Crisis could lead to a Deflationary bust - Marc Faber : "The next crisis could lead to a... [[ This is a content summary only. Visit http://www.marcfaberchannel.blogspot.com for the full story, >>>>]]1 day ago