Thursday, October 6, 2011

Barry Stuppler : people are running to Gold as the ultimate safe Heaven

Kerry Lutz interviews Barry Stuppler , Barry Stuppler is owner of Stuppler & Co http://www.mintstategold.com long known numismatic and bullion dealer in California , we will see more quantitative easings , we will have inflation and hyperinflation in some countries , the debt is impossible to pay and the only way to deal with it is by debasing the US Dollar , a couple of years ago people did not want to hold gold nos most financial planners and money managers are holding at least 15 to 20 percent of their portfolios in Gold in order to protect their clients from the debasement of the currencies ,

Gold & Silver have bottomed and are ready to go back up

Al Korelin and Roger Wiegand discuss the possibility that both gold and silver have bottomed at this point and are ready to reverse and go back up where they were before and probably higher , certainly the US economic outlook is bullish for Gold and Silver . So far today both Gold and Silver are up so the next days will tell us exactly if we hit bottom and we got a good firm base and we are going to see another rally for gold and silver ...

Wednesday, October 5, 2011

Gold cannot be a bubble

Gold cannot be a bubble , a bubble compared to what ? to fiat paper money , ! those who claim that gold is a bubble do not get it , Gold is not a speculative investment and if you bough gold just to make a couple of bucks speculating on the price please sell so that we can buy , smart investors buy gold because gold is money and because will preserve its value in time and space unlike all your paper assets out there , come in 100 years or in thousand years from now and your gold will still have a value , , so the smart investors go into gold in order to preserve the value of their money and save the fruit of their labor in the safest asset ever known to man , , Gold is money it is not a commodity and it is not a speculative asset , hope people wake up and start understanding it , hence gold can never be a bubble , gold is a measure of wealth it cannot measured by itself and certainly it cannot measured with paper money that was created in the first place as a certificate for gold deposits , , Gold cannot be a bubble in terms of Paper fiat currency


Tuesday, October 4, 2011

Gold Could Hit $2,000 or higher by the end of the year says Angus Geddes

Gold can get to $2000 by the end of the year it depends on what actually comes out of Europe and what type of solutions they managed to cover together says Angus Geddes, CEO of Fat Prophets, thinks that gold can hit $2,000, or even higher, depending on what the resolution in the euro zone will be.if it is a debt monetizations and Europe starts plugging holes within the banking sector and sovereign debt holes then we could see Gold go higher he added

Monday, October 3, 2011

Gold Outlook for Q4

Gold Outlook for Q4 with Alix Steel : "Prices are broken, you definitely can see that, but I don't think the bubble has burst here," Says Alix Steel, from TheStreet.com. "Prices have a right to come off," she added , key demand factors that are going to support strong gold prices in the short term are the Indian wedding season the explosion of the demand from both China and India , and the the Central banks all over the world becoming net buyers of gold . "I don't think we're going to see a huge rally right off the bat. I think we're going to have a period of consolidation," she says. Alix believe that $1480 is the key level to watchfor Gold ....

Sunday, October 2, 2011

What is Going on in Gold ?

James West of The Midas Letter, confirms that nothing has really changed fundamentally in the gold market perspectives , this is an excellent entry point for new investors and an excellent consolidation point for those who are already invested in physical gold , go long and stay long , this thing is headed to Jupiter soon ...

Ellen Brown on Naked Shorting & Gold Suppression

Author Ellen Brown an attorney, author, and president of the Public Banking Institute she is the author of Web of Debt she talks with the Corbett Report about her recent article on naked shorting and the suppression of the gold price . Ellen Brown.'s latest book, Web of Debt, documents the Federal Reserve and "the money trust" and shows how this private cartel has usurped power to create money from the people themselves and how we the people can get it back and how money is created by the banks using an illusion and how we can fix the coming economic meltdown.. Brown is the author of several other books, including Forbidden Medicine, Nature's Pharmacy for Children: Drug Free Alternatives for More Than 160 Childhood

Saturday, October 1, 2011

Jim Rogers: Buy Gold on Dips , Gold Price Correction May Take Awhile

Investment Guru Jim Rogers told Indian magazine The Economic Times of India that the gold and silver prices will readjust. Now is the time to buy up silver and gold, if you can get it.
Jim Rogers : “I doubt if it ( Gold Price )  will go to $2000 an ounce in 2011, it is more likely to have a correction which will last for several weeks, several months. It has been very strong. If it goes down some more, I would buy more gold as I have told you many times.”
“Not yet, but if silver continues to go down as we have discussed before, I will buy more silver too. Do not sell your silver, do not sell your gold unless you are a short-term trader, but anybody who is in this for a long term, silver and gold will both go much higher over the next few years.”
“It is panic, it is fear. When fear permeates a market, everybody sells, especially the last ones in, frequently have to jump out. They have raised margin requirements for both silver and gold. So that makes it more and more difficult for people to hold on.” - in ET Now

Friday, September 30, 2011

Gold Prices May Rebound to $2,000 Ounce

Gijsbert Groenewegen a precious metals hedge funds manager says that this is a great opportunity to keep accumulating Gold and Silver, when the market gets very panicky they sell everything off and they go for cash and treasuries he says because that's the largest market where you can park your money , but from a fundamental point of view the dollar and the treasuries are no better than the sovereign debt in Europe he added This is a great opportunity to accumulate more gold and silver he says , there are a lot of buyers waiting at the side lines to pick up gold and silver ...the reason why silver has taken such a hit on the downside is because it is also an industrial metal , on the way down it acts like an industrial metal and on the way up it acts like a precious metal and that's why we see a lot more volatility ....nothing has changed over time the only thing that has changed is the perception that the Europeans are doing something to fix the problems but they are not doing anything to solve the problems , they are just postponing what wil happen in three months or six months or whatever but it will happen they will have to default

Thursday, September 29, 2011

Indian buy physical Gold as Diwali begins

India is one of the major Gold consumer in the world , especially during the Diwali celebrations where gold is offered as gift . As the major religious festival season of Diwali begins in India, the buying of gold and silver as gifts is a common practice. It is potentially a boom time for businesses across the board, with presents such as necklaces and bracelets traditionally bought and given to friends and family. But the recent dramatic increases in price of both metals is making it difficult for many Indians to be as generous as they might want to be. After hitting a high of $1,900 an ounce in early September, the price of gold has fallen to just above $1,500. European policymakers are struggling to resolve the region's debt crisis, and such fears would normally drive the price of gold higher. But with the commodity already at such lofty heights, many investors now feel the only really safe bet is cash itself, and hence the selling.

Wednesday, September 28, 2011

China Unveils First Gold ATM

Physical gold demand in China is booming to the point that the government have decided to install gold ATM machine to sell gold coins and bars to the public , China is the second largest consumer of Gold , and the Chinese are known for being gold bugs who prefer to keeping their savings in the form of physical gold bullion...

Tuesday, September 27, 2011

Physical demand out of China boosting the Gold Market

When you are buying Physical Gold you do not care what the margin is says futures trader Lou Grasso, Millennium , a lot of the demand these days is physical demand out of China he added I spoke on your show in the middle of last week and i was an advocate in raising the margins. do i think that's really going to stop people from coming in? no. because a lot of the demand for gold these days is etf demand and physical demand. physical demand out of china and Asia is really driving the market these days. obviously if you're buying physical you don't care what the margin is."Lou Grasso told CNBC

Monday, September 26, 2011

Why are gold and silver prices falling?


Silver and Gold price slashed in trading following stock fall The powers that be seem to be conspiring to drive down the price of gold and silver. It starts with margin raises, and continues with major banks selling short to flush out the weaker players. Vomit blood and guts are all thats left of this train wreck. the plunge in gold and silver prices has taken place because of massive unwinding of positions across all asset classes. It is unlikely that precious metals will witness another up move in the near future.

Everybody is hypnotized and is dreaming the same dream and that is " Paper is Money" , a dream that was imposed on people with the Media and the education system , this does not make it money , , only Gold and Silver are Money , paper is a Currency that was created the first time to represent a deposit of Gold , if I was a central bank I won't accept any payment in paper , someday the people will wake up from the dream and realize that paper is just that paper and that GOD created Gold and Silver for the purpose to be money and a mean of exchange , the fact that 9 billion people are all dreaming the same dream at the same time does not make it real ....and that's my take about this , I tell you what I do , I go to my coin shop and I load in gold and silver as much as I can afford and I thank uncle Ben Bernanke for the unusual discount ...that's all folks

Saturday, September 24, 2011

David Morgan Gold & Silver Panic Report

Silver Guru David Morgan joins Kerry Lutz to discuss the recent crash in gold and silver market silver went down almost 25 percent in two days Gold also lost almost $150 in a week and is down $250 from its all time high of a couple of weeks ago , we are in an extremely over sold market says David Morgan , but these are sell off mostly due to the fact that these are highly leveraged markets , the moves in these markets are based on the paper market they are based on the futures and options markets and ETFs they are not really reflective on the fundamentals of the physical gold and silver markets

An Incredible Buying Opportunity in Gold Market

Kirsty Hogg's Precious Metals Emergency Update 9-23-11 : there is only one buzz word and that is Buy Buy and Buy , the long term projection is very bullish many analysts believe that gold prices will start to rebound starting next week , this is an incredible buying opportunity or an entry point for people who want to enter the gold market , we have already hit the bottom at this point according to Bob Chapman so buy gold and silver with both hands and as much as you can , in few weeks from now you will be glad you did ....

Friday, September 23, 2011

Huge Gold sell off in Gold Market , buy buy buy

David Morgan : the Gold and Silver communities on the physical side are not afraid of this they are stepping up in the plate and are buying more physical metals , they are buyers buyers and more buyers says David Morgan , although it may take up to three month according to him for gold to repair this loss and go back to the 1900 level

Wednesday, September 21, 2011

Gold prices will go higher regardless of the FED announcement

The case for gold remains bullish says Tim Harvey, Senior VP at ETF Securities, the news from Europe especially Greece and Italy are very bullish and investors were very bullish at the LBMA conference this week and that prices will move higher no matter what the Federal Reserve meeting outcome ....this retreat of Gold price is mainly due to the strength in the US Dollar ....this is a golden opportunity to load on Gold and silver before the prices shoot up again to new highs

Tuesday, September 20, 2011

Bill Still : There is No Gold at Fort Knox

Author and filmmakerBill Still, director of The Money Masters & The Secret of Oz, is with Max Keiser and Stacy Herbert on the Keiser Report ,he speaks about the Fort Knox gold , He confirmed that there is no gold left at Fort Knox , Bill Still is famous for being against a gold standard economy ,very strange indeed coming from a knowledgeable and wise man that he is . I do not agree with his arguments but I listen to his ideas with an open mind .  Bill Still 's latest book is No More National Debt. In it, he continues his investigation into the fraudulent debt-based monetary system that is has been systematically destroying the United States. No More National Debt sounds the battle cry for a new human rights movement for the 21st century.

Gold Spikes by More Than $30 and is expected to rally even more

Gold is expected to rally more than the $30 of this morning due to very bullish news coming out of Europe about the Greek's debt crisis but also Italy's credit grade downgrade this morning and the FED meeting where Ben Bernanke is expected to announce some new QE3 or similar " ...When I was on an hour, it was unbelievable that gold had not rallied more with the stark outlook for the U.S. and the European economy. some traders are saying they're also looking at headlines about the EU and IMF having to send officials to Athens to close the aid deal there and sources close to the troika saying that to wire services. will any of it be enough? that is what traders on the floor are mentioning. The downgrading of Italy's credit rating rating perhaps even more troubling than the Greek situation and then the FED meeting to watch and we are looking at gold prices back here at 1810 level and it is still down more than 100 bucks from the all-time high we saw just a week ago " says Sharon Epperson


Monday, September 19, 2011

The Gold Market Dependent on Market Sentiment

Gold is whatever price you want it to be at the end of the day looking at demand and supply fundamentals it is not really connected to that aspect of the market more so it is connected to sentiments says Michael Langford, Proprietary Trader at StreamTrading.com,


Friday, September 16, 2011

Europe default may send Gold to $6000/oz

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 default that are on the horizon in Europe , investment capital will continue to flock into safe heaven assets like gold and silver if these banks continue to default

David Morgan : we may see some softness in Gold before we see strength

David Morgan : we broke out of a traditional triangle pattern , I get emails saying that technical analysis does not work , first of all technical analysis dopes work some of the time , it is a tool but it is helpful , and we broke through the bottom side of this symmetrical triangle which normally is bearish for gold and as I said few weeks ago there is gap at the 1670 level I am not rolling that out longer term , I still believe that we are still going to see a a bit of a tough sliding for gold

<p>

Thursday, September 15, 2011

Donald Trump in association with APMEX Takes Gold as a Security Deposit

Donald Trump, chairman and president of The Trump Organization, explains why he will accept gold as a security deposit in lieu of U.S. dollars. Donald Trump : sadly we all know what's happening to the dollar , the dollar is going down and it is not a pretty picture and it is not being sustained by proper policy and proper thinking , this was an opportunity to show people what's happening to the dollar so we can do something about it "

Wednesday, September 14, 2011

Owning physical gold is becoming more popular with Investors

Owning gold ETFs has been popular for a while, but some firms are starting to bet that owning physical gold is going to be popular as well : "private gold vaulting has traditionally limited the ultra high net worth of our society. it is hard to buy physical gold, have it stored properly and insured so our company is using technology and making it available to everybody " says avneet Singh, Bullion Gold International founder/CEO. " it's more the idea of choice. we want to give investors the ability to buy the physical asset. and we think if we can make it as easy as buying a stock or bond they'll always choose the hard assets because it is a safer product." "from a product perspective you can buy gold bars, gold coins and store them at different locations. we offer Zurich, London, New York, Utah. you can work through a financial adviser or call us. you want to buy physical gold as easily as a stock or bond"

3 Ways a Gold Standard Can Work

Steve Forbes is championing a return to a gold standard in five years time. together with Peter Schiff and Ron Paul , If Ron Paul become President in 2013. He will use Gold Standard for US dollar to make it valuable again.Paper money like Dollar, Yen, Euro, and rest currency are worthless. They are not valuable. Gold, Silver, Diamond, Ruby, Sapphire, Emerald, and other GEMS are worth a lot. If you go back in time like in Middle Age and you bring a currency from your country. You want to buy food and you give them your currency. You know what they going do they are going laugh at you. They say paper are worth nothing. Paper money is not just a mere userfriendly substitute for gold, like it is portrait to be and taught in schools; this is a dirty lie. Paper money is a means for power institutions (states, banks,..) to steal your valuables or fruit of your labor by imposing a fantasy trade item of which the value they manipulate as they wish. They can do this because violence is inherent in this system and all of humanity is oppressed by these institutions. Yes the world has changed; now we all are slaves

Tuesday, September 13, 2011

Nick Barisheff : Gold Is Not in a Bubble

Nick Barisheff, CEO at Bullion Management Group Inc says Gold is not in a bubble , Gold has been money for 3000 years and it is still today , the same people that say Gold is a bubble have been saying that gold was in a bubble when it was at 500 , at 800 at a 1000 , and now at 1800 , gold is money also if you has hundred dollars bills in a vault they do not produce dividends , that's because gold is money it does not produce dividend too , because money is not an investment , we are in a currency bubble not in a gold bubble ....

In China Investment demand for Bullion remains strong

In China Gold jewelry demand accounts for 53 percent of China's total gold reserves. If the global price for the precious metal keeps rising, it's set to increase the risk of gold investment Investment demand for Bullion remains strong despite the instability of the prices and the high volatility the investment remains relatively low risk .....

Still very strong demand for Gold across the board

"I think what we're seeing is continued strong interest in gold across the board,whether it is in the futures speculative positions have been rising pretty aggressively during last couple of weeks , whether it is in ETCs where we are seeing pretty strong inflows and also in the physical market " says Nicholas Brooks, Head of Research and Investment Strategy at ETF Securities told CNBC. " so I think across the board despite the price being at only 3 percent off its all time high we are still seeing very strong demand "

Monday, September 12, 2011

Gold Prices Trapped in a no Mans Land says Phil Streible

Gold Prices Trapped in a no Man's Land says Phil Streible, senior market strategist at MFGlobal, He says there is slight more downside risk to the gold price but that prices are trading in a tight volatile range.seems like some deflationary aspects is coming into the market today , but if we break through about $1875 to the upside that upward momentum should carry us back up to the contract highs and if we close there I think the $2000 and $2300 is back in the cards

Sunday, September 11, 2011

James Turk on Goldseek Radio - Sep. 6, 2011

James Turk : ..there is so much nervousness about the fragility of the banking system pretty much globally , everybody knows that the Banks are over leveraged have a lot of bad debt and therefore they are worried about their deposits , in this kind of environment Gold is always going to do well ....we are in the second stage of the Gold bull market , this is the longest and most powerful stage and as gold prices continues to rise it attracts increasing attention and people who have nort been gold buyers before are attracted to the gold market as they are going to learn the advantages the gold has to offer

Friday, September 9, 2011

Gaddafi sold 20% of Libyas Gold reserves before leaving

Azzouz Qasim the Libyan central bank governor Revealed Tuesday that the Colonel Muammar Gaddafi's regime has sold in the last days before its collapse 20% of the gold reserves, equal to 29 tons of gold. Mr Azzouz told a news conference in Tripoli that gold sold was worth 1.7 billion dinars (1.47 billion dollars), It was sold in dinars in last April / May to traders within Libya to pay off staff salaries and to provide liquidity in the capital, The Bank officials say the gold sold may have found its way to neighboring countries such as Tunisia and others. The former Libyan Central Bank Governor Farhat Bin Guidara said last month that Gaddafi will try to sell a portion of the Libyan gold reserves to pay for protection and create chaos among the tribes in Libya. Bin Guidara told the Italian Corriere della Sera that there are in Tripoli reserves of gold worth ten billion dollars, and may be Gaddafi took some of them, and he pointed out that supporters of Gaddafi offered 25 tons of gold on his banker friend a short time ago. Azzouz confirmed that none of the assets of the Central Bank, whether or not gold that was not exposed to theft, and that what Gaddafi took was not from the coffers of the central bank, adding that the total cash reserves of the Bank of Libya are approximately $ 115 billion, ninety billion of which there are abroad According to the World Gold Council statistics for the past month, Libya Gold reserves are about 143.8 tons, equivalent to 5.6% of the total world Gold reserves .

JULIAN PHILLIPS : Central Bank Gold Buying & China Role in the Gold Market

JULIAN PHILLIPS : as an investor in Gold mining shares I would tend to put a big circle around those countries able to take locally produced gold into their reserves those deposits will be far less vulnerable , not entirely without vulnerability but certainly far less vulnerable to such policies (Gold confiscation ) Europe is a classic example of a fixed currency system , you got a strong Germany which actually needs a strong Deutschmark , you got a weak Greece which needs a weak Drachma you put the two together under a one currency that's a fixed exchange rate and the end result you can possibly have is all the capital finds its way into northern Europe leaving Greek investors invested up north and not in their own economy , making sure that Greece remains a nice holiday resort period , so fixed exchange rate I think are a disaster for a range of economies worldwide


Thursday, September 8, 2011

The Gold Correction Explained

Roger Wiegand explains what happened to the Gold prices recently and why we saw that 100 dollars corrections : ....well 3 things happened that fundamentally moved markets the last couple of days , the Swiss put a cap on their currency which is capital controls on money , I was very disappointed to see that and I can understand why they did it , the Swiss franc which was the go to currency is down , that makes it virtually untradable , that was one of my favorite currencies to trade , next thing was that the German Congress agrees to give cash to Greece and Portugal this means that Germany is going down to slippery slop , the selling in Gold today was just a normal profit taking the trend remains up , there is no problem with gold and silver

Wednesday, September 7, 2011

Boom of The Gold Mining in China

World gold prices have soared recently amid financial fears. While you might expect this to mean more output, some Chinese mining firms have a different approach--working lower grade ore. (Tibetan: Yulshul) in Qinghai Province will likely become one of Asia’s largest goldmines, with proven reserves of 300 tonnes, in 2015, reported China’s official Xinhua news agency Aug 27, citing provincial land and resource officials. The report said the geological exploration was conducted jointly by Qinghai geology and mineral exploration and development bureau and a Canadian mining company with a total investment of 200 million yuan (US $31.3 million). Noting that Qinghai was endowed with rich mineral resources, the report said the proven gold reserves of the province's six mines, including Dachang, was 430 tonnes. The gold price is hovering near the $2,000 range, as global finance markets remain unstable. For many world mining operations, this has meant something of a golden age. The law of supply and demand dictates that as gold is worth more, there will be greater efforts to boost output and take advantage of the price conditions.


But things are different in the east Chinese city of Zhaoyuan. It's known as the country's gold capital for its abundant deposits. One small privately-owned gold mine here is estimated to produce some 350 kilograms of gold a year, out of 120 tons of gold ore explored every day. Production has stayed stable despite the recent price jumps—like some other Chinese gold mines, Zhaoyuan's are keeping output steady, by expanding operations into lower grade ore. [Hao Zengbao, Zhaoyuan Gold Administrator]: "This is a resource-type enterprise, as gold mines have their own limited service life spans, and mining exploration usually has to expand year by year, so as to make exploration and mining balanced."

Popular Posts

Financial Blog List