All the Gold ever extracted is 160,000 tons (in 2009) , The American Debt = 14 Trillion Dollars = 1.8 All the Gold ever extracted in Human History !!! The monetary mass in the US is increasing by 15% a year ! Total gold divided by people in the world gives each of us 23 grams
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Thursday, July 7, 2011

Bob Chapman : Gold going to $3000/oz and Silver $70/oz to $100/oz

Bob Chapman : Gold going to $3000/oz and Silver $70/oz to $100/oz


Bob Chapman : last Friday night Saturday I said that Silver and Gold have bottomed out at a support level and I said that I felt that was it and that on Monday Tuesday and Wednesday the market will be back up again and long and behold I was right , the significant part of hat happens was that it was a major naked short covering by HSBC JPM and others in both silver and gold but in particular in Silver , they knew the lawsuit was on the way ....Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

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