Monday, June 18, 2012

Gold after the Greek Vote - Now What ?

Now that Greece has voted to stay in the Euro zone what are the perspectives for gold ? the fundamentals are strong enough to support the current levels above $1600 /oz and may be we could even see some rally in gold prices while waiting for Ben Bernanke's speech so it is a wait and see situation right now......


Saturday, June 16, 2012

Paul Craig Roberts Explains US Government Gold Market Rigging

One on One with Paul Craig Roberts Assistant Treasury Secretary Paul Craig Roberts Explains US Government Rigging of Gold Prices and Gold Price Suppression Schemes .Roberts doesn't go far enough though by suggesting that regulation of derivatives is part of the problem. By doing so, he empowers the same power elite of "same as it ever was". No mention of currency supply in comparison with the organic supply of bullion and its intrinsic characteristics with real economy. If we need liquidity without adding to debt, all we (the people) have to do is circulate bullion. It's a grass roots project, not an elite one ! Follow the script. They are by carrying the stick.

Greece is insolvent. Spain just got a big bank bailout, and Ireland wants a new bailout deal. There has been plenty of calamitous news surrounding the European debt crisis. No matter how bad it looks in the EU, Paul Craig Roberts says the problems in Europe are "nowhere near as big as the ones here." The U.S. is printing massive amounts of money to paper over the mess, but it won't work. Roberts says a collapse of the U.S. dollar could happen at any moment. It could be triggered by any number of things such as war or a derivatives meltdown. When a former Assistant Treasury Secretary (under the Reagan Administration) and a PhD in economics sounds the alarm bell, people should take cover. Dr. Roberts says, "The cliff dive we are experiencing in housing isn't over," and precious metals prices are "being suppressed." Roberts says, "Gold prices should be rising. Why? Because the debt is rising." What is the reason why Dr. Roberts thinks the suppression game has gotten so intense? Dr. Roberts says, "The fact that they are driving the price down suggests to me the situation is getting more desperate." Greg Hunter of USAWatchdog.com interviews Paul Craig Roberts one on one about these subjects and more.

Thursday, June 14, 2012

Italian Woes Ultra Bullish for Gold

With the Greek elections this Sunday the Spanish debt problems and the Coming Ben Bernanke speech all the odds are there for gold prices to spike as capital is fleeing southern Europe and looking for safer heaven , the FED will become the dominant focus as we go to the next week says Jon Nadler senior analyst at Kitco . but if the debt crisis spreads to the larger economy like Italy this will become ultra bullish scenario for Gold the ultimate safe heaven

Wednesday, June 13, 2012

IMF Statement Boosts Gold

On last Monday the IMF made a statement saying that Gold is a safe asset , this has cause gold prices to spike as this is a good news for the gold , and with all the financial crisis around the globe and particularly in Greece and Spain and the rest of Europe people are looking for safe assets where they can put their money , it has been reported that there are bank runs in Greece and in Spain recently , people in Greece alone are pulling around 1 billion euros a day from the Greek banks before the coming Greek elections which will decide if Greece stays or leaves the eurozone ....

Sunday, June 10, 2012

David Morgan time to Invest in Silver more than ever

Silver guru David Morgan makes the positive case for buying silver in this video. Silver is in a uptrend channel and the outlook for investing in silver is good. He explains how to invest in gold and silver by making use of dollar cost averaging Kirsty Hogg from Gold Wars interviews David Morgan, the Silver Guru about what is going on with silver today as well as what we can expect in 2013. David also answers the question; "why invest in silver?" David Morgan advises on how and where to store your physical silver and gold. Diversify and have several places to store gold and silver is his advice.

Saturday, June 9, 2012

Marc Faber Bullish on Gold Shares

Marc Faber : I am also warming to gold shares. Gold corrected to $1,522 last December from $1,921 in September. It rebounded to $1,795 in February and is back down around $1,600. The correction could last longer, but given that governments will print more money, gold is relatively effective as a currency. My preference is physical gold, but I would also own some gold shares, which have been decimated.

Thursday, June 7, 2012

Peter Schiff : Gold is not a Risk Asset it is the Safe Heaven Asset

Peter Schiff : gold has been going up , it hasn't skyrocketed in the last year but that does not mean that it won't IU think there are a lot of people that don't understand what's going on look how many people that are buying the dollar , look at how many people that are buying treasuries that makes no sense either , look people were lining up to buy Facebook and they quickly discovered that they don't want that either I think that the dollar is going to end up the Facebook of safe heavens , I think that people who are selling gold are making a huge mistake , my clients are still buying it , I have not sold any of my gold I think it's going a lot higher I think that eventually people are going to realize that Gold is not a risk asset it is the safe heaven asset that the risk lies on the dollar that the risk lies on treasuries and other currencies that are being printed into oblivion

Thursday, May 31, 2012

James Turk and Robert Prechter on Gold & Inflation vs deflation

Robert Prechter and James Turk on inflation vs deflation Although I am in the inflationist camp, I actually enjoyed this interview. James Turk is brilliant as always - great insight combined with respectful delivery.Robert Prechter was always a deflationist , while James Turk is an inflationist , who believes that gold will soon be worth $8000 an ounce .... the simple fact is the politicians will ALWAYS opt to kick the can down the road if they can, to maintain their POWER/CONTROL. Currency debasement IS kicking the can. They will inflate.As the nations around the globe decide they want something other than USD, all that cash around the world, about 50% of all USD, will come right back into US borders and flood our local money supply with more paper.We hardly export a thing other than USD's,

Sunday, May 20, 2012

John Embry & James Turk on The Gold Market Attack

John Embry -- Chief Investment Strategist at the Canadian firm Sprott Asset Management -- discusses the recent correction in the gold and silver price with James Turk, Director of the GoldMoney Foundation.Here two clear leaders Embry and Turk are at their most comfortable base of expertise, knowledge and experience - priceless.

1) The spot price is the price at which physical metal trades. GoldMoney buys metal at the spot price from reliable refiners and dealers, which it then sells to its customers. GoldMoney will always use the price at which physical metal trades, not any prices at which the paper market trades.

2) Given the growing importance of Asia in the market for physical metal, it is likely that the HK Merc could become an important player.

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