What caused the pullback in Gold Prices

We saw see a pull back in Gold Prices right after Bernanke's speech. I believed this occurred because the market was pricing in full blown QE3, however I think there will only be tinkering at the edges/a smaller program. I also thought there could be a pullback based on the old "buy the rumor, sell the fact". so What caused the pullback in Gold Prices ? : Dominic Frisby, of the GoldMoney Foundation, interviews both Jonathan Davis, economist and wealth manager, as well as Michael Hampton, who is an author private investor and trader based in Hong Kong. They talk about the recent pullback in gold prices, the possibility of a major downturn in the markets and the London housing market.

The Pan Asia Gold Exchange will end the COMEX Monopoly

Ned Naylor-Leyland from Cheviot Asset Management talks about the new Pan Asia Gold Exchange , the latest on precious metals market, why physical gold is the only safe heaven and how the new Pan Asia Gold Exchange (PAGE) will change the price discovery mechanism for gold. Ned explains that the futures market currently takes the lead in price discovery over the much larger spot market and how this may change once PAGE starts to operate. PAGE will provide a valuable alternative because its fully backed, allocated gold contract will provide a better title, closer to physical, than unsecured unallocated contracts. Ned graduated with a BA (Hons) degree from the University of Bristol in 1998. He began his career in 2001 at Neilson Management, later moving to Smith & Williamson (formerly NCL Investments) in 2003 where he was an Investment Manager. Ned joined Cheviot in July 2008 and is advising a specialist Precious Metals fund.

Gold Trend Upward despite the Selloff - Adrian Ash

"Gold Selloff Won't Change Upward Trend " says Adrian Ash Head of Research Bullion Vault , the gold selloff was caused by Bernanke's comments of not putting more money for QE3 that was an excuse that the market was looking for according to Adrian Ash expect the volatility to get even worse although the trend to the upside won't be affected he explained

David Morgan : what happened yesterday is a paper scheme

David Morgan interviewed by - Kerry Lutz - March 1, 2012 trying to explains what really happened yesterday in the gold and silver markets : they are losing and we are wining they are running out of ammunition says David Morgan , what happened yesterday is a paper scheme aimed to move the price towards a certain direction at a certain time

Gold & Silver Prices Plunge In One Hour Following Bernanke Comments - 2/29/2012

Gold and Silver prices plummeted today the reasons according to me are government speculation of the market , it makes no sense a $100 dollars drop in gold prices in few seconds it does not follow any market logic this is speculation at its best , but Big AL says the reasons are to find in the warren buffet recent letter to his Berkshire Hathaway share holders , Warren Buffet does not like diversification and he does not think that gold is an investment

Gold Should Be $2100-$2200 RIGHT NOW - Jim Puplava

Gold Should Be $2100-$2200 RIGHT NOW - Jim Puplava takes on two Big Picture topics, "$5 gasoline, the petro business cycle, and the education of Bill O’Reilly" as well as "When crises become catalysts higher stock prices occur." Jim also takes your Q-Calls this segment.

James Turk : Gold price has risen in US dollar terms at an average annual rate of appreciation of 17% during the last 11 years

James Turk : Yes, gold doesn't provide yield because it doesn't have counterparty risk. If you want to put your gold at risk and lend it to someone you can generate yield on that. So right now people don't want that counterparty risk because they don't know whether their gold is going to be returned or whether the euro's they haven't deposited in their bank is going to be returned, if the bank goes belly-up, or the purchasing power of the euros they put on deposit will be returned because of inflation as a result of all the quantitative easing and money printing that's going on around the world. So you can't really look at some of those "straw man" arguments against gold because they don't think they carry any weight. The more important thing is what's been actually happening in over the last 11 years - the gold price has risen in US dollar terms at an average annual rate of appreciation of 17%. Now have you been earning 17% on your dollar deposits or euro deposits every year? You haven't and so gold is going to become more and more attractive as people understand that gold is still undervalued and still very much useful, and you know, valuation is more important than price. They are different things - as long as an asset is undervalued you should continue to accumulate it and by all my historical measures, gold is still undervalued. - in mineweb

Gold Finishes Up 2.93% for the Week, Silver Up 29% Since 1/1/2012

Gold Finishes Up 2.93% for the Week, Silver Up 29% Since 1/1/2012 folks keep on staking gold and silver they are still very cheap because The Great Depression will look like a small blip compared to the economic collapse the United States is about to suffer, according to several experts. But Congress refuses to listen and do what's necessary to stave off disaster. Worse, Congress has been warned year after year since at least 1992, and perhaps before that.The federal budget is structurally unbalanced. This will do increasing damage to the economy and is unsustainable in the long term. Regardless of the approach chosen, prompt and meaningful action is essential. The longer it is delayed, the more painful it will be.

James Turk : Gold doesnt have counterparty risk

James Turk: You really can't predict what event or what catalyst will occur to cause the metals to move higher, it's just an ongoing bull market. You know my long-term forecast going back to an interview in Biarritz in 2003 when gold was about $350/oz was that sometime between 2013 and 2015 gold would be $8000/oz and I' sticking to that forecast. And that forecast is not based on crystal balls or anything of that nature, it's basically just mathematical that when you go into a financial bust, and one began in 2000, people prefer tangible assets over financial assets because in a financial bust a lot of promises that have been made are broken, and when those promises are broken, confidence in the system falls and people move to tangible assets because they want to own things like gold because gold doesn't have counterparty risk. We're still very much in this major trend and as the problems in Greece continue to unravel because I don't think this parliament bill that's been approved is going to have any long-term positive effect, and other problems in Europe - in Italy and Spain continue to unfold, and recently now the bond-raising agencies have marked the united kingdom for a possible downgrade which would take it from its AAA status. All of these cumulatively are providing reasons for people to move out of financial assets, to move into tangible assets, so I expect this trend to continue. But what event it's going to be you can't really predict that, you just have to play the bull trend, continue to accumulate the metals - I've been recommending a dollar cost averaging programme to do that and focus on much higher prices in the years ahead, as all these problems come to a head.

James Turk : This Gold correction is over

James Turk : Mineweb - 2/22/2012 : Yea they bounced from the lows but the reality is that both gold and silver remain in a trading range. The peak in silver goes back to April of last year, the peak in gold goes back to the summer of last year, and since then we've been in this broad trading range. But the interesting this is that we're now back at the high of the trading range and after moving from $1520 at the end of December to early January up to around $1750. We're still around that $1730/$1725 area so that actually demonstrates in my mind a lot of strength in gold and silver doing basically the same thing, so there's a lot of strength in silver and I think this correction we've been in over the past several months in both metals is about to end and you're going to see much higher gold prices and silver prices as we work to the end of the first quarter.

War Extremely Bullish for Gold - Doug Casey

War is going to be very bullish for Gold says Doug Casey, founder and chairman of Casey Research Institute, as the US is printing or creating more digital currency in order to finance all these wars , also the Iranians the Russians and the Chinese will start using gold for their inter commerce instead of having to buy first US dollars , this is very bullish for gold and of course very bearish for the US dollar , this is the perfect storm for Gold , the prices of gold in terms of dollars got to be much much higher by now

Gold or Silver ?

Kitco News during the last California Resources Investments conference went on asking attendees which one do they prefer most for their investment Gold or Silver , both being monetary metals , but gold is more known for its monetary value than silver , most of the central banks around the world rather stock up on gold rather than silver , but silver has also an industrial value and it is used up as it is consumed , currently silver is very undervalued according to most experts , both gold and silver are excellent investments and one should always diversify between the two in order to take advantage of any rally from both sides and both are expected to go up in prices ...

Buy Gold Now says John Paulson

“By the time inflation becomes evident, gold will probably have moved, which implies that now is the time to build a position in gold,” says John Paulson of Paulson & Co who told investors to grab some gold (NYSEArca:IAU) before consumer price inflation takes another jump higher in coming years. - in ETF Daily News

China to overtake India as biggest Gold consumer

China will this year topple India as the world's biggest gold consumer, as demand for the metal as both a "safe haven" and to use for jewellery keeps growing, according to the World Gold Council. Latest data released by the World Gold Council, the agency involved in market development, showed that China has overtaken India as the world's largest gold consumer as buyers here shunned the yellow metal in the wake of spiraling prices.Demand in China jumped 20 per cent to 769.8 metric tons in 2011, while consumption in India fell 7 per cent to 933.4 tons,While India remained the top consumer for the full year, even that position may come under threat in 2012. Sales during the year fell 7% in India to 933 tonnes, led by a 14% fall in the jewellery segment. Purchase of bars and coins, however, grew by 5%. At 770 tonnes, China's consumption was 87% of India's.Demand in China is climbing as investors seek to protect their wealth from inflation of more than 4 per cent, especially after the government clamped down on property investment last year . The amount of gold bought in China rose 20 per cent in 2011 over the year before to 770 metric tons, the World Gold Council said in its annual report. That put China behind only first-place India, where 933 metric tons were bought.Worldwide demand for gold last year hit 4,067 tonnes, worth an estimated $205.5bn - the first time the figure has passed the $200bn mark. Investment buying drove the rise, with demand up 5pc on the previous year.

GOLD Market is it 1980 all over again ?

What people do not realize that bubbles are fuel by cheap credit.Gold prices are fueled not by credit but money printing.if do change sinful way that dollar will be gone.No debt no money in.so buy gold.Buying gold is smart. Buying silver is genius.......This year could be where gold gets to the inflation adjusted price of ~2500 per ounce using mainstream metrics

$10,000 Gold a Conservative Estimate says Nick Barisheff

Nick Barisheff CEO at Bullion Management Group Inc on the Financial Sense News Hour - 2/15/2012 Nick Barisheff: Why $10,000 Gold Could Be a Conservative Estimate and Physical gold preferred for long-term ownership he also explains why gold ETF’s are good for trading, but for ownership, you want the real McCoy; physical gold.

James Turk & Eric Sprott Gold Mania is coming

James Turk from the GoldMoney Foundation interviews Eric Sprott Chairman of Sprott Asset Management on Gold and Silver and the global banking system. They talk about the disparities between the physical market and the paper silver markets. Eric talks about supply and demand and how the upward pressures on silver price from demand growing much faster than supply are not being accurately reflected. A 900 million ounce silver supply simply cannot cope with a 380 million ounce increase in demand and maintain current prices. Eric also explains that investment sales of silver are 50 to 1 in volume compared to gold and that this means a decreasing gold/silver ratio.

We are all Gold Standard Extremists

Ranting Andy's a Happy Gold Standard Extremist--02-13-2012 Now We are all Gold Standard Extremists because we favor a return to the Gold Standard and believe that the United States went bankrupt as a result of Nixon's decision to abandon the remnants of the Gold Standard that were still in place in August 1971 .Anti-government extremists opposed to taxes and regulations pose a growing threat to local law enforcement officers in the United States, the FBI warned on Monday. These extremists, sometimes known as "sovereign citizens," believe they can live outside any type of government authority, FBI agents said at a news conference.The extremists may refuse to pay taxes, defy government environmental regulations and believe the United States went bankrupt by going off the gold standard.

Sky is the Limit for Gold - John Rubino

John Rubino; co-author (with James Turk) of "The Collapse of the Dollar and How to Profit From It" interviewed by GoldSeek Radio's Chris Waltzek talks - Feb 7, 2012 . John Rubino is the author of several well-received books foretelling years in advance the collapse of the housing market and the decline of the US dollar. Before starting his website, John was a featured columnist with TheStreet.com, Individual Investor, and a number of other influential financial publications. "The risk to the financial system right now is a wholesale loss of confidence." "Everybody loses faith in the currency and dumps it, so they are willing to trade that currency for real stuff at any price, and so you see prices of real things go through the roof, which is the same thing as saying the value of the currency goes through the floor". - Exactly what is starting to happen in the US right now. Author John Rubino on how to profit from currency devaluation says

Gold to $2000 an ounce in 2nd Half - James Steel

" In the near term ( the dollar ) is over shadowing the safe heaven aspect for Gold " says James Steel, Chief Commodities Analyst, HSBC, he believes that the long run bull market for gold remains intact. He discusses where the demand for the precious metal will likely come from this year."last year we had well over 400 tons central banks official sectors purchases , which makes the central banks the second largest purchasers of gold after the jewellery " most central banks are underweight gold and they will tend to diversify by purchasing more gold he explains , so it is very bullish for the gold prices this year ....He expects to see gold at $2000/oz in the second half of this year

David Morgan : Gold is good but Silver is Better

David Morgan : ...silver is still undervalued unknown asset class ...gold seems to be something that it is talked about more often than silver and that's fine , I am a gold bull , I am not against gold but I believe silver offers more opportunity says David Morgan

David Morgan sees $2,500 GOLD FOR 2012

David Morgan - This week in Money interview with Silver Guru, David Morgan, on the turbulent markets and what it all means for the future of the white metal, Silver. gold/silver recently had a drive by shooting by the big boys to drop prices, i agree with David Morgan silver will hit $60 around Dec 2012 if you can buy under $30 you have a great barging. When the economy his low silver tends to fall and gold rises when the economy rises so dose silver and gold drops, so now might be the best time to buy silver and sell gold.