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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Friday, July 29, 2011

We could see a small pullback in Gold and Silver on Monday after they reach a debt ceiling agreement

Roger Wiegand : I think in Monday these characters in Washington will come to an agreement on the debt ceiling I think they will raise it and they will promise some cuts down the road that will never happen , but that will settle down these markets and I think in Monday we will see a pullback on gold and silver not very much but some and then after that it will flatten out and probably after ten days to two weeks we will start a new large rally the biggest one of the year will start in the middle of august till the end of August running all the way to thanks given , our goal is $1707 minimum

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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