Marc Faber : Gold Is Oversold Near Term

Marc Faber : “most markets peaked in May 2011.” Marc Faber expects “further weakness in the second half of the year. Corporate profits will disappoint … stock markets are oversold. The U.S. government-bond market is overbought. The U.S. dollar is overbought, and gold is oversold near term.” Worse, he’s “very negative about the outlook longer term.” according to Paul B. Farrell of MarketWatch

Peter Schiff very Bullish about Gold Miners Stocks

Peter Schiff : Miners produce the bullion. If there is going to be more demand for gold from investors and central banks, where is the gold going to come from? They have to dig it out of the ground and sell it. As the price of gold goes higher, their profit margins increase. So if you are very bullish like I am and think there is going to be a big increase in gold, it’s a huge opportunity for miners. I think there are a lot of people out there that are speculating in the stock market. They have all kinds of tech stocks or social media stocks. If you want to gamble in the stock market, I would much rather gamble on a mining stock than a social media stock. - in goldinvestingnews

Gold May Have Been Manipulated Like Libor - Ned Naylor-Leyland

"It is effectively an intervention in two ways; one would be the fact that for central banks gold and silver going up doesn't make their currency look any good and secondly a number of the big commercial banks have very large short positions which they like to manage and make easy money from," Ned Naylor-Leyland, investment director at Cheviot, told CNBC.

Jim Rogers : Gold will be much, much, much higher over the next decade

Jim Rogers : I've actually owned gold for longer than 11 years. I'm not buying now. Gold went up 11 years in a row, which is extremely unusual for any asset. I don't know of any asset in history that's gone up 11 years in a row without a correction. Corrections are normal and are the way things should work, the way things do work. Having said that, I don't know when the correction will stop. It's normal in my experience for corrections to go down 30 or 40%. It's just the way markets work. Gold has not gone down that much. It's only gone down that much once in the past 11 years, and even then it ended the year up. I'm not buying gold at the moment. If it goes down a lot, I hope I'm smart enough to buy a lot more. I'm certainly not selling my gold, because I suspect gold will be much, much, much higher over the next decade. - in Oil Price

Gold Headed for $2,500/oz says David Morgan

David Morgan : it's both , the global currency mess and inflation fears that are gonna start that , probably any time , we will see higher prices in gold and silver says David Morgan we are in about 12 years right now in the gold rally says David Morgan so we have got a good five years left he said

India Coin Sales Law Could Move Gold

India's central bank has allowed four more banks to import precious metals, a move that would boost competition and help reduce premiums in the world's biggest importer of bullion. This week, gold manages to avoid a 8th straight weekly loss despite bearish investor sentiment and a strike in the world's biggest gold market India. Silver though is not so lucky... In this week's wrap, gold and silver continue to slide, the Fed is tight-lipped on QE, and India hikes its gold import duties for the second time this year

As back when gov. printed to many recepits for gold govenments will prohibit possesion of paper currency and allow only virtual computer based currency system. They generated to many virtual recepits for paper currency in the computer banking system. Next logical move for the lie to continue.My opinion on this. All of this scam in US when gov printed to many receipts-currency for gold that was not in vaults. So US government back then issued cheques (dollars) without coverage in gold. What happens when ordinary citizen issues cheque without coverage? All of this was possible 'cause people did not demand of the government to admit cheating on their citizens!And some even wanted to cover it up,because they got rich of it. And they do it till today. Citizens allow it.

Emerging Markets Central Banks Hoarding Gold

There were strong buying from the central banks of some emerging markets of Gold , particularly from China Mexico and The Philippines , these central banks tend to use their large foreign exchange surpluses and prefer to hoard gold instead of the US Dollars or other fiat currencies

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......