Gold is till in an overall bull trend

While gold is off its all time high, prices are up more than 25 percent this year. Insight on where will head to next, with Mihir Dange, Arbitrage gold options trader.gold is off the all-time high prices are up more than 25% this year and yesterday popped $35 an ounce after a Chicago fed president Charles Evans told Steve linesman that we were basically in a recession at least when you look at the job market. "we're still in an overall bull trend. there's one piece of mfgs that still has me a little bearish and that's we have a trend gab at 1668.70. we would see that number and on the lows we were going to hit that number last week. it's all over the place right now. the volatility is still very high and we're getting $60 moves." says Mihir Dange

Gold Rush : The Bullion Trail

What happens to gold once it's been refined and how is the precious metal priced? A look at the middlemen of the gold world, with Bob Pisani."it was hot right down there in Johannesburg, south africa, we trafrled to the deepest mine in the world, and then we went to the world's biggest refinery outside of Johannesburg. what happens to the gold once it's refined and how is it priced? meet the middlemen of the gold world. the bullion banks. London. an epicenter of the gold bullion market where about $75 billion worth of gold is traded every day. banks like HSBC trade much of the world's bullion which is housed and bought all over the world like this one in London. whether the banks buy the gold directly from the miners and refiners or hold it for clients, want banks serve as a vital intermediary according to HSBC's global head of precious metals Jeremy Charles. when the producers want to sell. they can sell to a bank. when a consumer wants to buy, they can buy from a bank. it's a lot of different things the banks can do with it. they can store it for private clients or exchange-traded funds or central banks or they can sell it to other banks or they can advance it to jewelry manufacturers and industrial companies. Jim is a managing director on the gold trading desk in new york. he says bullion banks operate a lot like traditional banks. it's kind of like a microcosm of a bank where the bank does finance, cash management and other services. we do that in precious metals for clients. bullion banks play an important role in the daily price of gold and it all starts in London. for 100 years the spot or cash price of gold has been set at a twice daily conference known as the fix. now done by phone, between five bullion dealers who settle the price based on the buy and sell orders of their customers."

Gold Is the Safest Currency

Gold Is the Safest Currency Gold is money the only real money , gold is not an investment it is not a speculative investment , Gold is not a commodity , many people are confusing Gold for a commodity or an investment , gold is Money , I hope people get it , Gold is the only money with no counter party risks attached to it , even the Swiss franc is being debased by the Swiss government in order to boost the exports , when you own gold you are your own central bank , cash is just a certificate saying that some central is holding gold for you which is not always true as we know , what would you trust more Gold or a piece of paper with somebody's name and signature on it ??? governments can change their currency or debase it with a stroke of a pen leaving you holding piles of worthless papers it happened before it could happen anytime , no central bank can print Gold out of thin air , gold has been money for 6000 years and will continue to be the only money ,

Chicago FED Charles Evans favors QE3

Very bullish for Gold what Charles Evans Chicago FED said this morning to CNBC he says that he favors QE3 : The current economic situation is disappointing, says Charles Evans, Federal Reserve Bank of Chicago, who explains that the job market is tough to characterize as recession-like but the economy is moving sideways "I think we would have been so much worse off if we didn't have the accommodation that's in place, the additional accommodation that came with qe2. i talk to business people all the time. I was talking to a small business person just the other day. you know, actually my brother who is in the furniture business. I was reminding him that, you know, back in the fall of 2008 when libor rates increased. he finances his inventory on that want basis. if things had not improved he's laid off three workers out of 18 over this entire period. but he would have laid off more if interest rates had not gone down, if we did not control, you know, improved the operating efficiency of financial markets. so the counter fact the salary we would have been much worse off." Evans says

Ron Paul on The Gold Rush

Gold rose 46.34 percent from 52 weeks ago . Year to date Gold is up 28.54 percent .Bob Pisani takes you to the deepest part of the deepest mine in the world. Rep. Ron Paul, (R-TX) and presidential hopeful, weighs in on the recent gold rush.  
Ron Paul : I never think about the price of Gold I always think about the value of the dollar , traditionally for thousands of years the currencies been measured by Gold , there has been a lot of fiat currencies throughout history but never one like we have today and that's what people are discovering , the financial crisis is discovering this

Gold breaking through 1800 again up almost $40

Gold breaking through 1800 again up almost $40 on news that the FED neds more stimulus : Phil Streible, senior market strategist at MFGlobal, says that today's rally sparked by Chicago Fed President Evans isn't sustainable. Streible is bracing for a correction.As long as we maintain below the 1840 level you want to look at the short side if we break above 1840 that's the resistance I think we will go back up and we will retest the highs at least 1900 , so that's my line in the sand says Phil Streible .

Gold to $5000/oz within the next five years

Gold to storm all the way up to $5000 an ounce over the next few years , you have people like Steven Forbes predicting $5000 Gold in the next five years and he also predicts that we will back on the gold standard , within five years . , congressman Ron Paul also predicting $5000 an ounce gold or even higher and he says that he is not purchasing gold for profit but as an insurance against the coming hyperinflation ....

Gold trying to find its legs - we will see $2000 before thanksgiving

Gold is having v moves it is trying to find its legs and I believe its legs are well above 1800 says Anthony my prediction is by the 4th quarter the end of the 4th quarter thanksgiving actually we will see $2000 Gold he added , Europe is in trouble and needs its own Quantitative Easing , in the US QE3 is bullish for Gold as the FED will have to create more money

Gold Rush in The Swiss Alps

The business of recreational gold panning in the Swiss Alps. is Booming lately probably because of the higher gold price.The near record price of gold has many people heading to the Swiss alpine rivers to mine and pan for the precious metal.

Puru Saxena : we will see 1 to 1 Dow to Gold Ratio

Puru Saxena of "Puru Saxena Wealth Management says that he expects a big rally in gold and silver after the correction we saw last week , : Mr Bernanke will do something to help his brothers in the banking industry he runs the federal reserve for the benefits of the banks , the federal reserve is run by the banks for the banks , he is not going to set by and let these banks implode , these banks need capital and the easiest way for them to get capital is through the federal reserve , there will be assistance from the federal reserve says Puru no matter what they are going to call it , I think we are going to be in the verge of a big rally within 6 to 9 months in Gold as well as Silver , before the end of this rally we are going to see 1 to 1 Gold to Dow ratio or perhaps 2 to 1  

James Turk : what would you rather own – gold or the dollar?” Or the euro?

James Turk :  “It is very important that demand in Asia for physical metal has reappeared,” “I continue to be amazed how the Asian buying adjust so quickly to the rising gold price.” “Clearly people are worried about the train leaving the station without them, so demand for physical metal adjusts quickly to the reality of higher prices,” “After all, what would you rather own – gold or the dollar?” Or the euro? " - in www.beaconequity.com

Peter Schiff on the DOW vs Gold Ratio

Peter Schiff : "If you look at the value of U.S. stocks in terms of gold, the Dow peaked in 2000 at about 43 ounces. We're now at barely 7 ounces of gold for the Dow [7 x $1650 = 11,550]. Ultimately, I think we see that ratio come down closer to 1 to 1," he says. That would require either much more Dow decline, a lot more gold gains, or some combination of the two. Just playing with some numbers here, if gold and the Dow Industrials both had 75% respective gains and losses from their current levels (approx. $1650/11,550), we'd be looking at $2887 to reach a 1-to-1 Gold-to-DJIA ratio. You can run your own scenarios, but the mere thought of that is chilling. - in Yahoo Finance





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Marc Faber : My favorite investment remains Gold

Marc Faber : “So, you are probably better off in equities than in bonds. My favorite investment remains gold. As it happens, the gold price is coming down, and I hope it will drop $100 or $200. Not necessarily a prediction. I think we will go down in a correction because there has been too much enthusiasm recently.” - in Bloomberg


 
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Get out of the stock Market before it collapses , invest in Gold & Silver - Ted Anderson

Get out of the stock Market before it collapses , invest in Gold & Silver says Ted Anderson GCN's Owner and CEO of Midas Resources , Ted Anderson talks Dr Deagle about why gold is taking off the way it is and how far it may go. Now is the time to buy gold while you can before it goes to the next level.

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Bob Chapman : Gold and Silver shares are going to start really booming again

Bob Chapman : Gold and Silver are going to go back right where they were and go higher , this is a tremendous opportunity for buyers , the stock market is going to go down despite that they will try to hold it up , the bond market is being held up by swap agreements but I won't get into that because it is too technical the ring leader into that is Morgan Stanley they are playing a three card monkey game and the other player with them is the FED of New York are the others ones who are driving bonds higher and yields lower so that banks can borrow cheaper, do not buy a home the trend will be downside for at least another 5 years



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Bill Murphy : The Central Banks do not have the Gold they say the have

Bill Murphy : The European currency stinks too , Bill Murphy, a financial commentator and chairman of GATA, the Gold Anti-Trust Action Committee. GATA was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. GATA exposes and actively opposes collusion against a free market in gold, other precious metals, currencies, and related securities. Gold and Silver manipulation is the hottest story of the year! The weekly media is suppressing the story. National security is the excuse for the suppression and the manipulation! We the people are in real trouble.



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Bullish news for Gold after Bernanke speech

Bullish news for Gold after Ben Bernanke's speech , gold have rallied but the bigger rally could be for next week when the markets reopen on Monday we could see gold going back up to $1900 and probably higher .Respond to this video... Just buy what you can afford , and hold onto it for as long as you can afford , either way you cannot loose , our fiat money is not worth nothing long term ,Ben Bernanke will continue printing more and more money


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Gold Rallies on Bernankes No News Speech

Gold Rallies on Bernankes No News Speech , we are in a situation that resembles pre Lehman with the banking crisis in Europe there is not only a liquidity problem that is building but also an insolvency problem , people are losing faith in paper money worldwide , we will see a $2500 Gold in no time , Ben Bernanke is more likely to announce Qe3 or whatever he will call it during the coming FED meeting in September we will more likely see gold at $2000 by then








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Sell Apple Shares & buy Gold and Silver - Bob Chapman

Bob Chapman : Steve Jobs is dying it is as simple as that that's why he is stepping down , they have tried to phase it out they did not want to do it when he was having these treatments , that's what is happening , Apple is a wonderful company with a wonderful product but I think but I think with him really out of action it is really going to hurt the company it will probably take may be 50 to a 100 dollars a share of its value I would be a seller , and I would switch the money to gold and silver coins bullion and shares certainly they are cheaper than where they were two days ago , I will be getting out of the stock market as well sooner or later it is going down , it is a giant bubble and a scam so the only place to be is gold and silver coins bullion and related assets


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It is becoming dangerous wearing Gold jewelery

It is becoming dangerous wearing Gold jewelery with these current prices and current economiuc situation , when millions are jobless and many will do anything to rob a piece of gold jewelery off your neck or your ears , some people won't hesitate to pull a a gold chain off your neck ....so watch out when wearing any gold jewelery these days ...




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Marc Faber : People should buy gold today

Marc Faber : People should buy gold today because there is a huge run in precious metals recently and I think they need to consolidate and shake out the weak holders, , everyone should hold some gold because it is a form of cash. Gold is the most honest form of Cash 

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Jim Rickards: Gold should be $7,000 - Gold is Money

Jim Rickards : Gold is money , Warren Buffett is wrong when he said that gold is an investment , it is not an investment it is not a commodity , it is money , if you like money you should have some Gold , ultimately Gold will go to $7000 an ounce it is the price based on the amount of money supply it won't get there for several years and whether it gets there through some kind of presidential commission that starts the return to the gold standard that's what I would certainly favor the other way is through the chaos where there is a sort of sub-sequential collapse of paper currencies and then we go to gold on more emergency basis it other way we got to reconcile the price of Gold to the money supply , when you do those ratios those are the prices you get .... 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)

This Gold Pullback is totally Normal

This Gold Pullback is Normal says Aaron Smith, managing director at Superfund Financial  : the bond market is the biggest bubble , Gold is money it was money for the last 3000 years and this is not going to change for the next 3000 years . China and India small invstors are pouring into physical gold ."We saw a normal pullback yesterday in the gold price, nothing really different from what we saw in silver a couple of moths ago, when silver went parabolic. So this is totally normal," ,He added . Smith said he sees "lots of support for gold at $1,650, the long - term 150 - day moving average is way down at $1,500, so there's plenty of breathing room for gold to move around without having a correction or a turnaround."


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Gaddafi to sell off Gold reserves

Libyan war 100 Tons Of Libyan Gold being looted and Will Not Be Found .More speculation has been raised on the reasons for NATO's intervention in Libya. the organization may have been trying to prevent Gaddafi from burying the American buck.its simple...the western powers dont want to lose control of there monetary system. So if a country that is rich in natural goods doesnt want to except paper as payment ..but actual gold as payment ...it devalues there paper money as worthless. The aggressor uses propaganda and manipulation to convince the taxpayers its all in the name of the people safety but in reality its all about the bankers and strategic positioning for expansion.

Libya's former central bank governor, Farhat Bengdara, says Gaddafi will try to sell part of Libya's gold reserves to pay for his escape and to spread chaos among the tribes. Bengdara has allied himself with the Libyan rebels. In an interview with an Italian newspaper he claimed that an ally of Gaddafi had offered to sell 25 tons of gold to a friend of his, but that this friend immediately rejected the offer. Bengdara declined to reveal his friend's identity. The former central bank governor also said that Tripoli has 10 billion US dollars in gold reserves in Tripoli and that Gaddafi could have made off with some of it. Bengdara believes that Gaddafi has fled Tripoli via the Algerian border, and that he may try to pay off some tribes for protection. With regards to Libya's future, he says the country will need 5 to 7 billion US dollars as a bridging loan to restart the banking system and pay for imports.





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Bob Chapman : Gold is having a wonderful correction

Bob Chapman : Gold is not going to stop at $2000 it may quiver at $2200 , this is a wonderful correction , and those idiots had it all done in two days , you talk about painlessness , it is like you go to the doctor and you had two tooth pulled and there is no pain , it sure is down but what are they going to do onward ? they have no bullion for sale it's all paper , and so what should the public be doing and professionals as well , they should be in there mid-day tomorrow started to phase in the new buying they should be buying all the time but especially hen you have dumps like this , obviously for the government to do this with the brokerage houses and the hedge funds and the banks and the working groups in the financial markets for them to do that some very very bad news is coming I can promise you , JPM would not come out and say Gold is going to $2500 this year , if they did not think it is going higher because they wanted to stop in there that's why they are doing what they are doing it is called psychological warfare , and so where is gold going ? I'd say by the end of February which is kind the end of the big move historically yearly in gold and silver we are looking at $3000 - $3200 and a $100 silver and it is going to happen they cannot stop it




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Jim Rogers : The last thing you want is for your Gold to be in a vault of a bank which goes bankrupt

Jim Rogers :It is (what Venezuela has done ) certainly significant especially if they (the banks ) find out  that they do not have it , it will be quite a turmoil if all of sudden the banks will say we do not have all that gold we do not find it because you know a lot of gold has been mixed with other gold it might just mean more and more people do want to hold their gold in their own hands , I would suspect so , we are coming in more and more turmoil more and more banks will be going bankrupt and The last thing you want is for your Gold to be in a vault of a bank which goes bankrupt or which has to suspend redemption , so I suspect you'll see more of it





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Peter Schiff : Gold is an excellent store of value

Peter Schiff : I have been buying gold for over ten years it has been good for me , people who bought stocks ten years ago have lost money and I think people who are buying bonds are going to lose even more , the rising gold prices are telling us that money is so cheap , interest rates are too low , Ben Bernanke is going to keep printing money that's all he knows to do , people were telling me that gold is in a bubble since it was at $500 , look you do not compare gold to stocks gold is money compare it to the dollar , compare it to the Euro compare it to the Yen , and so if you are going to compare it to other currencies what is more likely to maintain its purchasing power over time ? something that is scarce like gold that has intrinsic value that can't be printed or something with no intrinsic value that has been run off the printing presses like it was going out of style ...people are accumulating gold they use it the things that they need but if you understand money and gold , you save your gold and you spend your paper that's what I am doing that's what my clients are doing we are holding gold and we are spending paper , gold has always been money our founding fathers made it money ....Gold is an excellent store of value , oil is cheaper today than it was 30 or 40 years ago if you are paying for it in gold , it is more expensive if you are paying for it in dollars but not if you got real money

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Gold having a technical correction

Gold having a technical correction after CME Group Raises Margin Requirements 27% for Trading Gold Futures , Gold is down $150 in less than 12 hours , this is a healthy correction for Gold look how far gold have gone it has spiked more than $400 in less than two months time from $1500 to above $1900 without taking a break basically , some retailers have decided to take profit at this time , It is normal that when it got toppy, we will see a correction. this is a healthy correction. nearly every trader and analyst says the same thing. it is necessary when you see the price rally like it did. $400 spike in two months time and gold hasn't looked back since $1500 an ounce. we saw that relationship between equities and stocks flip again. as we saw equities rally, gold came off. we have seen the CME group raise margins and Shanghai exchange did the same , and now we have thesemargin calls hitting new traders as well as those in the market exacerbating the selling. how low do we go? a key technical level. 1758 broke the low at the close and now looking at the next key level at 1650. does that mean the rally is over? most traders say, no, the same issues that caused gold to rally, mainly low interest rates, one of the keys, will continue to see that rally in gold and investors will still be interested because so many average investors are under-weighted if they have gold at all. thank you very much. talk to you later.

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Shanghai Gold Exchange Raises Gold Margins causing gold prices to drop $150

The Shanghai Gold Exchange said on Tuesday that it will raise trading margins on three gold spot-deferred contracts to 12 percent starting on Friday to limit trading risks following the rapid rally in gold prices.The CME has raised margin requirements for gold twice this year, once in January and once in early August, by 11% and 22% respectively. The moves did little to stem gold's rally. A week after the margin hikes in January gold was down just 2% and a week after the August hike gold was up 1.5%.Gold pulled back to as low as $1745 this morning before re-bouncing 35 dollars Many experts think, that any dips will be met with strong buying and help curb a deeper correction.Don not panic just do what Bob Chapman always recommends use the dips as God's given opportunities to buy as much physical gold as you can , this rally is not even started , the gold prices are very likely to touch the $3000 mark before 2012

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Gold having a healthy Retreat before continuing its bull run

Gold is retreating today After five straight days of gains and records , we are seeing some profit taking , the trend remains up the prices will continue to go higher and higher , use those GOD's given dips to consolidate your positions , this bull run is just starting this is your opportunity to jump in if you have not already , we may never see gold as low as $1800 ever again as most experts expect Gold to go through $2000 in the coming weeks and continue from there towards $8000

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Gold will continue to climb

How long can gold keep making new highs? Insight with Paul Sacks, Aurum Options Strategies principal gold trader.Paul is not worried about the parabolic run of the Gold although he says there may be some sell offs from now on " as you've stated, gold is up about 17%. up over 50% year over year. the easiest thing to say is that a sell off is coming. i just don't see it. i think we're going a lot higher into the fourth quarter and into next year. I think gold will spend next year over $2,000 an ounce" he said



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Ben Davies: Gold price soon to exceed $2,000 per ounce

Ben Davies (hindecapital.com) and James Turk, Director of the GoldMoney Foundation, talk about the Gold outlook in the light of the Fiat currency debasement by central banks worldwide . They see gold breaking the $2,000 barrier this year and moving exponentially. Ben Davies explains that he uses a power-function model to analyze the price of gold, based on Benford's law.


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Jeffrey Nichols, very bullish long term Gold $4000/oz in few years

 Gold hits today another all time record high above $1900$ and Continues to Rise! Jeffrey Nichols, senior economic adviser to Rosland Capital LLC, gives his outlook for Gold , we had big purchases this year by central banks those are likely to continue and what is really important about central banks is that gold is now off the market , when speculators or even investors buy gold often they will sell it a few months or a year later these central banks are there for decades most likely , we have strong demand from India and from China , retail investors from Europe and the United States all are buying gold

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Gold gone off Charts above $1900 - Go physical

Savneet Singh, chief executive officer of Gold Bullion International, talks about investing in physical gold , there is a huge differentiation between owning the physical gold and owning a share in trust that belongs to somebody else , with physical Gold there is no counter party risk

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)

Jim Cramer : Gold Is Not a Bubble

Jim Cramer : If you have more than twenty percent of your assets in Gold that's the only time you should sell ( I have more than 80 percent of my assets in Gold and I am not selling a bit , so I beg to disagree with Jim Cramer here ) and people who do not have twenty percent or minimum ten percent should using any weakness to buy , any weakness , I am looking for an alternative to the debasing of world currencies and silver is not that says Jim Cramer regarding the Silver , Gold is not a bubble , what gold is , is an alternative that's what it is getting it is getting alternative status it is changing its asset class and that's why it is not a bubble it is a reconfiguration

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How to Trade $1,900 Gold

Phil Streible, senior market strategist at MFGlobal, reveals how he is trading gold as it approaches $1,900 an ounce. problems around the world and also in Libya are supporting the Gold rally just recently Hugo Chavez has recalled over $11 billion worth of gold reserves to come back to Venezuela calling gold from the U.S., Europe, Canada and the Swiss Bank. France and Germany met this week in Paris to discuss the EU bail out plan and help get the euro zone back on track. and the FED may announce QE3 .it doesn't matter if gold/silver corrects 20%. by 2012 2013 they will double in value. the global economy is unrepairable and needs to collapse


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The History of Gold Silver Ratio by Jeff Neilson

Jeff Neilson does a really good job explaining the current issues in this market and how to make use of the gold/silver ratio as a means to optimize your precious metals portfolio.





A brief history of the gold:silver ratio:
Notice the dates: fixed for many years, then it floated over 40:1 when silver demonetized
Roaring 20s brought it down to 16:1
Great Depression, ratio went to 100:1, no significant industrial use
After the post WW2 boom, it went way down, industrial use and electronics
Early 1970s, US off gold standard and individuals could own gold - look how it went up
Hunt Brothers event bottoming it out at 9:1
Then it went back up, over 90:1 during the recession of the 1990s
Dot-com boom sent it under 60:1
Panic of 2008 sent it over 80:1 - deflation, less industry use
Recent stimulus sent it to 60:1




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Gold and Silver for wealth preservation

Preservation of Wealth is all about the accumulation of assets against the dangers of fiat currency, inflation , Gold is for Real Wealth Preservation , how difficult economic calculation is when the unit of account is unstable and the price of money, interest rates, are distorted and centrally planned, not reflecting real free market supply and demand.

If we consider that a gold coin is worth around $2,000 or so today. Then we can get an idea of how it could work again to carry gold/silver. Lets say gold is valued at $10,000 someday. That would mean that small fractional coins would be very easy to carry and worth a great deal of purchasing power. Instead of carrying around $100 or $1,000 notes we could carry a couple small coins. Each merchant has a scale or scanner to verify the gold. 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)

Jim Rogers : Do not sell your Gold

Jim Rogers : I own gold , if it goes down I am going to buy more I do not see any reason to sell gold until it winds up in a big bubble that's may be ten years from now , I do not know when it is going to be all commodities are going to go up a great deal more including gold , do not sell your gold if it goes down buy some more , absolutely it is going to go over 2000 dollars may be not this year I hope not this year but certainly over this decade no question....- in ABC Australia interview



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)

Marc Faber recommends gradual accumulation of Gold

Marc Faber : Gold is likely to correct, possibly by $100 or $150, but I continue to recommend gradual accumulation. As long as the trio of Obama, [U.S. Treasury Secretary Timothy Geithner] and Bernanke are in power, gold is destined to move higher. Long-term U.S. Treasuries are of no value. They will default by paying interest in a worthless currency. - in Baron's Blog




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)

Hugo Chavez makes gold go parabolic

Chavez Gold Action Leads to Backwardation, Short Squeeze and Havoc Concerns . Venezuela's President wants all the country's gold being held in European and American banks returned to Caracas. It would be the largest physical movement of gold in recent history. Hugo Chavez said he's trying to protect his country from the financial woes on both sides of the Atlantic. Chavez is brilliant, one of the only true leaders of the age. He puts these massive immoral countries to shame. He empowers his people and takes control of his resources while these other monsters that bad mouth him oppress their people and sell their resources for pennies to their friends..Chavez should make sure that every single gold bar be tested when it returns to Venezuela.Make sure these scam artists dont gold plate a load of tungsten bars to give back to him.Pretty bad when a small country puts its larger competitors to shame by following the rules of just governance.

President Hugo Chavez said his government plans to "bring home" 211 tons of gold currently stored in international banks. Up to USD 6.3 billion in liquid reserves will also be transferred to banks in Brazil, China, and Russia. The transfers are expected to take more than two months. Chavez has also announced that he may invoke the Enabling Act which will grant him powers to pass a law next week to nationalize the country's gold industry. Some critics say this move may lead to possible international sanctions after next year's elections. According to Venezuela's Ministry of Finance and Central Bank, two-thirds of its total reserves (USD 18 billion) are in gold.


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)

Marc Faber : I do not see a huge downside risk in Gold

Marc Faber : I think that Gold have had a bit of a run-up here that is above the trend line and that a correction can occur but I do not see a huge downside risk in Gold because if you think it through and people are concerned about cash they are concerned about sovereign debt they are concerned about everything and the stock market has given a very powerful sell signal , I think as soon as gold price drops say a 100 - 150 dollars there will be a lot of physical buying ...




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)

Bob Chapman : JP Morgan trying to set a psychological new ceiling for Gold at $2500/oz

Bob Chapman : well you heard the song up up and away . that's just the way it is going to be , one of the psychological aspects of this and these people are very good at this , JP Morgan Chase came up a couple of days ago and said Gold is going to $2500 by the end of the year , here there are with the largest short position , naked short position in silver and silver usually runs with Gold , what are they up to ? , what they are up to is this : they are trying to set up a barrier at $2500 because they think on the short term before the end of the year it could go higher than that , they are trying to set a psychological new ceiling , it is just common sense and understanding the criminal mind , if you want to find out what they are doing you have to think like a criminal ...that's what they are trying to do here , they are not frightened about gold they know it is going to $8000 , they are just as smart as we are , but they want it to go as slowly and incrementally as possible


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)

Gold Rush 2.0

(19Aug11) People rushing into gold to protect their money World investors rush to buy gold; prices continue to soar .Fueled by concerns over the security of bonds, investors all over the world are flocking to gold. Retailers are also benefiting from increasing demand for the yellow metal, and soaring prices. But analysts have a word of warning - what goes up, must eventually go down. Gold prices have rebounded and continue to soar on the international market. Experts attribute the recent gold rush to investors' weak confidence in European bonds, on the heels of the region's lackluster economic performance.Continuously soaring gold prices are due to investor worries. Concerns were revived by the recently-released European economic results, which were unsatisfactory


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)

Peter Schiff : Gold is money everything else is a poor substitute

Peter Schiff on RT America 19 Aug 2011 : Gold is a safe heaven treasuries are not , people who buy Treasuries think they are safe heaven they are mistaken and when they will figure it out they will go to gold , Gold is not in any bubble because if this was a bubble or a mania you would expect gold stocks to be outperforming the metal because that's where all the speculative money flows ...there is no floor to the fiat currencies as they keep printing them so there is no ceiling for gold to go to , Gold is like a thermometer on the economy , the yield on treasuries is negative , so how you get safety with a negative yield ? I think the people who are going to lose the most money are the people who are in bonds , people will lose more money in bonds than in stocks ...Gold is the one place there is not a bubble because gold is reflecting the loss of purchasing power of fiat currencies , Gold is not going up it is paper currencies that are losing value ... Gold is money everything else is a poor substitute


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)

David Tice : I am more invested in silver today than gold

David Tice (http://prudentbear.com) and James Turk, Director of the GoldMoney Foundation, talk about the 1999 credit bubble symposium, and the outlook for Gold.
David Tice : "Well, I think people should own gold and silver bullion. I am a shareholder of GoldMoney.com. I'm also a big customer of GoldMoney.com. I think that's a great place to hold your bullion. I also own a number of junior gold mining companies. I've typically not owned the seniors, but I'm now starting to invest in seniors. I'd say probably a third. I'm more invested in silver today than gold. I'm a believer in what Eric Sprott talks about, as far as silver having even more extraordinary potential than gold does. I'd say it's kind of an individual preference, as far as how much bullion versus how much metals equities, but a nice blend would be appropriate."







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)

Gold on fire as stock markets crash worldwide

Gold Hits Record High as Global Economic Uncertainty Continues .For investors in this economic climate, it seems that all that glitters is gold. The price of gold hit a record high on Friday, as investors are seeking safer assets amid deepening concerns over slowing economic growth and the outlook for euro zone banks. Gold spot was up 2-and-a-half percent at 1,868 dollars 70 cents an ounce after peaking at 1,877 an ounce.It is being called a modern day gold rush, and is fueled by the dismal performance of the stock markets across Asia pacific Europe and North America . The US Dollar is dead, the body just hasn’t hit the floor yet.You still have some time to save your wealth by exchanging your worthless paper for gold and silver.



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)

Jim Rogers : if and when gold goes down, I hope I am smart enough to buy more

Jim Rogers : I do not like buying anything going straight up. I like to buy something going down. So if and when gold goes down, I hope I am smart enough to buy more and I would buy silver the same 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)

Chavez wants his gold back from US and England

Hugo Chavez wants to repatriate all of Venezuela's gold reserves deposited abroad, mainly in London and New York Vaults . Hugo Chavez Demands 99 Tons of Venezuelan Gold Returned From the Bank of England/ JP Morgue he also have decided to nationalize the exploration and exploitation of gold and related activities inside Venezuela . He calls it a measure of national sovereignty by ordering the central bank to repatriate $11 billion of gold reserves held in developed nations' institutions such as the Bank of England as prices for the metal rise to a record high . Venezuela, which holds 211 tons of its 365 tons of gold reserves in U.S., European, Canadian and Swiss banks, will progressively return the bars to its central bank's vault, Chavez said yesterday. JPMorgan Chase & Co. (JPM), Barclays Plc (BARC), and Standard Chartered Plc (STAN) also hold Venezuelan gold, he said. Chavez, whose government depends on oil for 95 percent of its export revenue, is looking to diversify Venezuela's cash reserves from U.S. and European banks to include investments in emerging markets including Brazil, China, India, Russia and South Africa, central bank President Nelson Merentes said yesterday. The world's 15th-largest holder of gold is bringing back its gold after a 28 percent rally in the price this year. This is the same what France did in 1969, Charles de Gaulle, sent a naval battleship to reclaim their gold due to a trade imbalance deficit, 300 million or something? The "exorbitant privilege?" There is a cool video up about this. England tried to do it right away also but was told no. France was unhappy about Bretton-Woods. They got it back! Uprated. Geitner and the Bernanke are going to do the Old "Check is in the Mail" story. Yeah we got your gold, we are just arranging a barge to bring you your gold....... Two weeks late ring ring, Hey Hugo, this is Tim Geitner at US Treasury, bad news on the gold you ordered, what I know you didn't order it you mean the gold you own well the barge it was on, someboy was playing with the controls at the HAARP facility and it get sunk by a water spout, but we are getting it for you, don't worry.:) "what happens if the physical gold is not there?", i.e. it's rumored that a lot of gold held by the international banks has been in play for so-called "Leasing". This move by Venezuela might uncover that the physical Gold just isn't anywhere to be found even though the au is still carried as inventory by numerous bullion banks, etc. The US gold reserve hasn't been audited for a long, long time (better than 20 years). Is there gold at Fort Knox or are there just IOU's from a wide range of counter-parties? An organization called GATA has maintained for a long time that most of the physical gold has been "leased" and will never been seen again. It's an interesting issue to follow during these troubling times.
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)

Nigel Farage : Gold could double from here

Nigel Farage has spent 20 years as a commodity broker and trader " I suspect we have not seen the worst yet , I think what happened in 2008 is we deferred the banking crisis it is now coming back to bite " Nigel Farage says " It is impossible to predict where gold will go but it is not impossible that Gold could double again from here , the western world finance are in the most horrifying mess , our banking industry has been allowed to go completely out of control"




Please go to http://www.kingworldnews.com/kingworldnews/King_World_News.html to listen to other interviews by Eric King.



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Gold Rises at a new all time high above $1828/oz

Hugo Chavez of Venezuela nationalizing Venezuela's Gold mines Phillip Streible : "there is insufficient response to the sovereign debt crisis in europe. makes sense for gold prices. he's repatriating. and the physical front and by him nationalizing all by gold mines in venezuela, you know, you have to think those gold mines, although Venezuela is not a key player, some of that gold makes it out on to the market. and those people are going to have to look for gold out there and try and, you know, recapture and harness down some of the that gold that they need. "


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)

Gold Gains on debt crisis and growth fears

Gold remains the ultimate safe heaven says Andrey Kryuchenkov, a commodities analyst at VTB Capital, Any Gold Sell off Would Be `Short-Lived' Central Banks became net buyers of gold , Gold will remain the most appealing short term asset , where else would anybody put his money when there are so many market uncertainties and the FED just announced that it will keep interest rates so low for another couple of years ....

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)

Dubai Investors seek refuge in Gold

Gold is now number export out of Dubai after Oil and they want to keep it that way they built a physical and financial market , there is a gold future Market in Dubai , the trend is of aggressive accumulation , unlike the other times when the gold prices climb investors used to take advantage by selling their jewelery , this time it is not happening , Gold sales are up a 100 percent to individual consumers , the rulers of Dubai want to become a gateway to the Indian market one of the largest Gold markets . they even created a Dubai gold coin to be legal tender ....


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)

Shortages developing in the Gold Market as demand soars

China and India remain key driers to the gold market , they totally now account for over fifty percent of both bar and coins investment and jewelery demand on a regular basis ....demand remains strong , in both these countries the saving rates are much higher than in western countries and gold is very easily available liquid asset unlike western countries , China used to make no net contribution to the Gold market they would consume their entire gold mine production and have no net effect , last year they imported 260 tons , this year they are going to import well over 300 tons may be as high as 400 tons i 2011 , s there was a huge shift on the demand side of this market , this is a market in deficit not in surplus , mine production is rising but it is not rising fast enough to keep pace with the growth of demand - Marcus Grubb, managing director of investment research at the World Gold Council

In some parts of the world gold is viewed as the protector of wealth. In North America, gold is viewed as a speculative investment. Our economists regard a rising gold price as an admission of defeat, and their disparaging attitude toward higher gold prices took on a more desperate tone in 2010. Nevertheless, gold had another remarkable year, up 25% in 2010, its tenth straight annual gain. Meanwhile, over the same 10-year period, five major currencies -- the US and Canadian dollars, the euro, the British pound and the yen -- have lost between 70% and 80% of their value. In reality, gold is not rising; currencies are falling in value, and gold can rise as far as currencies can fall. Nick discusses the three dominant medium-term trends that pushed up gold prices in 2010 (central bank buying; movement away from the US dollar; China) as well as three longer-term, irreversible trends that will put upward pressure on the gold price for years to come (the aging population; outsourcing; peak oil). In addition to these trends, more and more investors will be competing to buy a shrinking gold supply. As safe-haven demand accelerates, there will be a transition from the $200-trillion financial asset market to the $3-trillion above ground gold bullion market. About half of that $3 trillion is held by central banks as reserves; the remainder is privately held, and not for sale at any price. If the world's pension and hedge funds moved only 5% of their assets into gold, it would trade at over $5,000 per ounce. Nick's conclusion: Without any new financial crises, both mid- and long-term trends indicate that gold -- and silver -- will continue rising through 2011 and well beyond.

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)

John Embry : Gold is real money

John Embry : Well it could be, because as you go down the path to hyperinflation, it just means that money is being devalued at an ever greater rate. Gold, being real money, is priced in this devalued money. People just don't seem to grasp that it's not gold that's doing anything; it's the value of the money in which it's denominated that's driving the bus. It's going straight down and the price of gold ultimately will go straight up. Now having said all of that, you got to be careful what you wish for, because the societal impact of this could be very, very negative. I would just as soon be wrong, but my job is to analyze things and this is the way I see it.

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)

David Morgan : Gold is not in a bubble it is the debt Bubble

David Morgan :"..... I mean, the view I have is that it's not gold that is in a bubble. it is the debt bubble. it is the increasing of the burden of government's printing more money and that's the real problem. gold's reflecting that reality. so, i think the current case is that the united states finally got the message with the downgrade by the s&p to a lower credit rating and i think this is going to be put some stimulation you might say into the political system that may actually cause some action to take place. if the u.s. can get the debt house in order, i think you'll see some leveling off in the gold price. if that doesn't occur, you probably see the opposite

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)

Bill Murphy : The Gold cartels have lost control over the market

Bill Murphy GATA Chairman interviewed on Gold Seek Radio Nugget - 10 Aug 2011 , Bill Murphy : 
that's what GATA have been saying for years the gold cartels losing control of the market they just cannot handel the physical demand , Gold is going to explode in years ... If you live on planet GATA , we have predicted all this and it is happening , we were talking about it when Gold was 300 and 400 we expected it , basically the gold cartel is run out of available central banks that do what the tell them to do , it is the opposite now , now these central banks like South Korea Thailand Greece even Russia China are all buying and the gold cartels just do not have enough gold to keep the price down , that's what happening ....because gold is so expensive people are going to go to silver and the only reason silver is acting 'comme ci comme ca ' like now is just because of JP Morgan and what they are doing they try to keep it down they are desperate , silver is going to go berserk and there is not much time for investors left to get on board






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)

The Case For $20,000oz Gold by Mike Maloney

Mike Maloney : If you know how the world's financial system works you know the game we are playing , and if you do not know the game and the rules we are playing by you are going to get slaughtered , you are going to get slaughtered , ever since the federal reserve was born we have been living under a lie ,The Federal Reserve they are buying bonds directly from treasury this is quantitative easing and that means there is an emergency going on ...says Mike Maloney ....Think about it in terms of Zimbabwe. An ounce of gold would be worth a quintillions of Zimbabwe dollars, but people have hundred trillion Zim dollar notes. You might be thinking of it in terms of the US dollar still having whatever purchasing power it still has. Also, there will be buyers, and gold can be subdivided.

the currency is not created out of thin air, it is created out of OUR DEBT. the more notes of a currency is created the larger the DEBT. the larger the DEBT the larger the pressure on the real economy. the larger the pressure on the real economy the larger the debasement of our standard of living. oligarchy gets money we get DEBT. they get cake we get shit. I am afraid that oligarchy also controls a hug amount of gold. if it's so, then they got us by the balls again.
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)

Gold to $5000/oz - Louise Yamada

Making a technical case for gold to reach $5000, with Louise Yamada, Louise Yamada Technical Research Advisors. " It have taken almost two years and we are almost at $2000 which is very intriguing and the price of gold continues in a structural bull market and actually it is outperforming almost all the equity indexes we had a very steady progression from the break out of 2009 , 20 percent advance little consolidation , 20 percent advance little consolidation three times and now again "" if we continue on this current trajectory we could see gold at $5200 by 2018 "

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)

40 Years ago Nixon ended The Gold Standard

Discussing whether it is time to get back to gold standard , with Jared Bernstein, CNBC contributor; and John Tamny, Real Clear Markets. "It was a monumental blunder, the biggest of modern times. leaving gold was a devaluation of the dollar and as history shows when money is devalued, investment becomes defensive. it flows into the hard assets of yesterday that already exist and away from the innovative ideas of tomorrow in assets that don't exist, leaving gold restrained, our economic evolution and it shows up in the numbers that you just cited. we've grown less quickly, unemployment's been higher. it's been a major disaster and it's time to turn back " says John Tamny



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Forty Years after Bretton Woods, Gold always King

Today Monday and Tomorrow Tuesday , Aug 15th and 16th. is the exact fortieth anniversary of Nixon's taking us off the gold standard and forty is a very magical mystical and powerful number in numerology and many religions. With some research, we see that the Dow jumped over ten percent on the following day after Aug 15th, 1971. Good chance of a similar occurrence in the next couple of days only this time the Dow may go the opposite way and gold skyrocket....or vice a versa.

the 40th anniversary of the end of the gold standard,






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This Gold correction will be limited

Phil Streible : I think the correction will be limited , I mean last week was panic buying in the Gold , now that's starting to come off , we are looking at some key levels of support , about a hundred dollars lower from that high so $1717 and bellow that is &1680 those are our support levels , but I think gold prices are going to stabilize they are waiting for tomorrow when France and Germany meet there is no expectation that anything will come out of it , I think it will really disapoint investors and they will come back into the gold market




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)

Selling your Gold Jewelry ?

What's your Gold jewelry is really worth ? What you need to know if you're selling your gold jewelry. 24 carat gold is 100% gold. most of you, however, only have 14 carat gold. if you have 14 carat gold, that gold, the pure gold in a 14 carat gold piece of jewelry is only 58.5%. if you have 18 carat gold, there's only 75% of gold in that 18 carat gold piece of jewelry. so you can't figure it the way that you have been figuring it. also, when they melt your gold down, they lose gold to vapor and evaporation and all of these things, so it doesn't equate the way that you think it has been equating. next, where do you go and take your gold to be sold



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)

Jim Rogers : people will take refuge in real assets and gold is one of them.

Jim Rogers : Well, I own gold and I see gold breaking new highs and racing up. I don't like to buy things when that is happening; when gold goes down I will buy more gold. Gold is going straight up, it will probably correct somewhere and I hope it will correct somewhere along the line and if it does I will buy more. Governments all over the world are debasing currency; Yesterday, the US Federal Reserve said it will continue to debase their currency. The more the governments will debase paper currency, people will take refuge in real assets and gold is one of them.






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)

Why Gold & Silver? FULL MOVIE by Mike Maloney

With out doubt, this is the best educational vid that people will see, regarding our future. No matter what your intentions are, protecting your wealth, making a sound investment, fighting the banks, helping to educate a friend on a better investment, what ever your cause is! People will talk about Mike Maloney for 1,000 years!! Thanks so much Mike for making this documentary! It was very informative and solidifies my motivation to buy gold and silver and, more importantly, keep improving my financial education (Thru the Rich Dad Series and other books)

It doesn't really matter what the silver price will be in the coming years. What matters is the purchasing power of your silver and gold. And we know that silver and gold are the ONLY asset class that hold their purchasing power over time. It's the safest investment you will every make because silver and gold have never been worth nil. BUY PHYSICAL. SLEEP EASY. take all your worthless paper and purchase, rice,beans,corn,sugar,salt,wat­er, canned vegies,coffee,tea, powdered milk, meat ect.and all the storable you can, at least a couple yrs worth.start getting ready for the worst depression the world has ever seen. purchase heirloom seeds, plow up your lawns, plant some fruit trees,berries,get a garden plot ready.raise some chickens,rabbits,store some silver for trading later on. don't wait much longer, you won't be able to afford it or it may not be ther
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GATA Gold Conference 2011 London

Robert Ian : Jim Sinclair one of the major draws at this conference , Jim is arguably the leading expert on Gold the world over , at the beginning of this past decade when gold was trading at $250 an ounce Jim Calculated that Gold will reach and exceed $1650 an ounce , it took a decade , Jim says that after $1764 Gold is firmly behind us , Gold can move up very quickly because it will mark the beginning of phase three in this gold bull market when a runaway price will gain exponential properties he commented on how we will see the bearish cabal on mining shares look for cover as they sell physical gold in exchange for quality precious metals shares



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)

The fundamentals for Gold are rock solid

Fundamentally Europe and U.S. economies are still in trouble, says John Smith, Silver Standard president/CEO, who adds that the rise in gold is a response to the economy and investors flock to it as a safe haven.People will go to metals they are viewed as safe haven while all this uncertainty exists , the euro debt the Arab spring etc..we are already seeing some central banks moving into gold , the fundamentals for gold are rock solid while the economy is still fundamentally in trouble despite the can being kicked down the road ...

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)

James Turk : Gold starting to become the go to asset

James Turk : Gold is starting to become the go to asset , people are starting to recognize the advantages that gold has over fiat currencies and it sort of followed up from the debt deal which was received very badly around the world , and the FED announcement that they will keep interest rates low for another two years ....we have seen a lot of volatility in the market but the main thing is the trend in both gold and silver is still up , may be next week is going to be a big week for silver

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)

Bob Chapman outlook for Gold Silver and the Stock Market

Bob Chapman : By the end of February we will see Gold somewhere around $3000/oz to #3200/oz and silver probably $80/oz to a $100/oz and may be higher Silver has a problem it is a thin market and it is manipulated by JP Morgan Chase and HSBC and they continue to do it and the CFTC allows this monopoly to do what's doing which means you have no regulations whatsoever ..., Gold probably within the next month will go to $2000/oz - $2200/oz and by February it should go up to $3000/oz - $3200/oz why ? well number one it should be selling at $8000/oz number two , it is now the Prima Face currency in the world it beat the dollar in the last two and half years

Bob Chapman outlook for Gold Silver and the Stock Market

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)

Marc Faber : Hardly anyone owns any gold

Marc Faber : “I don’t think it is a bubble, but I think the gold market has exploded to the upside recently and the correction is overdue. But as I have always maintained for the last 12 years, every responsible adult should gradually accumulate gold, because not owning any gold is the trouble with government. I don’t understand. People of Bloomberg, I hardly know anyone who owns any gold physically. All of the Bloomberg employees are intelligent people. They listen to the news every day. They make the news every day. Hardly anyone owns any gold.” - In Bloomberg Aug 11

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)

Consumer demand for Gold remains high

Drew Corbett, Head of Investment Strategy at BetaShares, thinks that investors should consider investing in Australian dollar hedged gold ETFs." supply is very weak while we are coming to September when historically demand from India and China spikes " the $2000 target is now within range for Gold " "consumer demand for Gold remains high " " we can get short term pull backs"

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)

Gold to go to Inflation adjusted high of $2400/oz in January of 1980

The factors that continue to prop up Gold, are low interest rates will be around the next 22 months and we're looking at global economic issues driving gold to record highs not only in dollars but euro, sterling, yen and one many see gold prices continuing to rise towards the inflation adjusted high and the $2400 mark

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)