Gold a Currency, Not Commodity says Eugen Weinberg

Gold is being driven by the weakness of the dollar and the low interest rates says Eugen Weinberg, senior commodity analyst at Commerzbank, interviewed by CNBC. "We need to look at gold as something different than normal commodities which are really profiting from the scarcity (of) the supply and demand,"  "We need to look at the gold as a currency, and the currency is being driven by the developments in Europe."



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)

There is strong resistance at $1,540. A break above this level could see gold test $1,548.

Gold is benefiting from a weaker dollar. Although there seems to be sporadic scrap-selling of gold, physical market buying interest has been strong so far this week, and we expect this trend to remain in place. We expect buying interest on approach of $1,530 and $1,526 to provide support.

There is strong resistance at $1,540. A break above this level could see gold test $1,548.

Roger Wiegand : futures trading patterns are signalling a positive move for gold in August

Roger Wiegand sees August futures pointing gold upwards! . Roger Wiegand is the Editor and Publisher of Trader Tracks a Stocks, Futures and Commodities electronic newsletter publication for active traders. In addition, Roger writes a weekly column, "Rog's Corner," For J Taylor's Gold and Technology Stocks Newsletter



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 Price Set to Challenge Record Highs?

While the gold price advanced for the second straight week, sentiment toward the yellow metal has only modestly reflected this rebound. Dennis Gartman, long-time commodities investor and author of The Gartman Letter, wrote on Friday that “there is a decided lack of ‘frenzy’ in the gold market at present, and indeed, we find it passing strange that with gold only a very few dollars from its all time highs there is very little if any speculative enthusiasm.”

Gartman noted that MarketVane’s Bullish Consensus for the gold price dropped 2 points to 77% from 79% over the past several days, well below what he would expect given the fact that the gold price is within a few percent of its all-time high. “Bullish enthusiasm is high,” Gartman acknowledged, “but it is not rising and certainly it is not at ‘nosebleed’ levels consistent with previous interim peaks” in the price of gold.

From a contrarian perspective, the absence of excessive positive sentiment toward the gold price is an encouraging sign. “We remain bullish and it shall be but a matter of time… perhaps even today…” Gartman wrote on Friday morning, “that the recent highs of $1533-1535 in US dollar terms shall be taken out to the upside.” Gartman did not provide a longer-term gold price target, however.

Bill Fleckenstein, another long-time gold price bull and noted market pundit, echoed similar comments to those of Gartman this past week. On Minyanville.com, Fleckenstein contended that a “great set up” has developed for gold stocks. The sector is “sold out,” according to Fleckenstein.

Fleckenstein also pointed to several contrarian indicators that suggest the sector is ripe for a rally. “GDX has low open interest, as do the Rydex gold funds. Futures contracts too have seen a big liquidation. Lots of people are set for gold and the miners to do poorly as QE2 ends, but gold is not just bought by Americans and hence we could see a rally that might catch people by surprise and see gold stocks do quite well.”

Gold Dinar & Silver Dirham

1 dinar is 4.25 gram gold, its not 1 ounce of gold that is 31.1 gram gold !
Very interesting. When this has been tried in the USA (having competing currencies in gold and silver parallel with federal reserve notes) the people doing it were arrested. That's probably because what the guy say here is true, silver and gold in the hands of the people represents freedom from government control and manipulation of the money supply.



People get arrested because of the legal tender laws, which make possible the machinations of a central bank and their printing of paper money. Without that force of law, people would choose a different medium of exchange over that which can be printed into oblivion.

Gold to hit $1750 and Silver $50 - $60 in the Short Term says Juerg Kiener

Gold to Hit $1750 in the Short Term says Juerg Kiener and multiple thousands in the medium term 1215 and 1216 , by that time silver would be worth around $500 an ounce he added : Lack of trust in governments in the western world is moving more and more people into physical ownership of gold Juerg Kiener, managing director and chief investment office at Swiss Asia Capital told CNBC. He added gold would hit $1750 an ounce in the short term with silver hitting $60 an ounce and that gold could hit multiple thousands of dollars by 2016 with silver above $100.





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 : $8,000 GOLD and $400 SILVER between 2013 and 2015

James Turk : ...well let's step back and look at the long term point of view I am sticking to my long term forecast that sometime between 2013 and 2015 Gold will be about $8000 and ounce and Silver will be about $400 an ounce , the ratio between the two metals will be 20 ounces of silver to buy one ounce of gold , I made this forecast back in October 2003 , obviously when the price of gold and silver was much much lower , the point I am making is that we are in a financial bust and during a financial bust like the one we have been in for several years and still few more years to go people move out of financial assets and move into tangible assets because they are looking for a safe heaven , they want to avoid counter party risk and the safest of all heavens are the precious metals because they are tangible assets with no counter party risk , so for the longer point of view we are still heading into a much much higher , you mentioned the way I approach the market which is to continue accumulating , do not view gold as an investment it really is not an investment because it does not generate cash flow it's really money and when you accumulate gold you are actually saving money and saving money is a good thing , at some point in time in the future we are gonna take these savings and either invest them or we gonna spend them or just continue to hold them , at some point in time in the future gold will be at the maximum and you want to take advantage of everything that you are saving now through the these difficult economic and financial times , in regard to the short term , I am looking for a a pop up in gold price this summer and it relates back to what happen in the summer of 1982 when the Mexican government defaulted on its debt and it sent gold up 50 percent in three months and a double in six months , the circumstance today is very similar , the government ready to default though is not Mexico , it's Greece Portugal Ireland may be even Italy who knows , any number of countries that will be defaulting on their debt and when that happens I think that could really light a fire out of the Gold price so ...be prepared for an upside jump in the gold price this summer ....




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)

Sheikh Imran Hosein : The Paper Money is the Biggest rip-off in human history

Islamic reknown scholar Sheikh Imran Hosein : The Paper Money is the Biggest rip-off in human history ,Sheikh Imran Hosein he explains how Richard Nixon repudiated a treaty obligation (Bretton Woods ) by introducing paper money instead of gold backed money in September 1971 , since then no paper money is redeemable in Gold , but the rip-offs is not over yet , the elite are planning to crash the dollar and all paper money with it in around 2012 , and introduce instead the Digital Money , in this way they will have further control over people's wealth and transactions , his is an excellent analysis by Sheikh Imran Hosein in accordance of what other people are prognostication like Pastor Lindsey Williams who says that according to his sources the US Dollar and the Euro will be dead by 2012 , this is the elite's plan ....




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)

A brief history of GATA - Bill Murphy

Bill Murphy Chairman of the Gold Anti-Trust Action Committee, and James Turk, speaking about the GATA history mission and activities , GATA is having its fourth conference the ' Gold Rush 2011 ' conference in London from August 4-6. Jim Sinclair will be a speaker at this conference , it looks like any time that GATA has a meeting the gold price goes up noted James Turk , so let's hope it will be the case this time 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 would move higher in dollar terms

Gold is finding good support between $1,515 and $1,520 and strong resistance on approach of $1,530. We believe that gold will continue to push higher in 2011. We maintain our core
long view on gold.

While we believe gold would move higher in dollar terms, we expect gold denominated in euros to outperform. On the back of the debt crisis in Europe, our G10 FX analyst last week updated the outlook on the euro/dollar exchange rate. We now believe that we have probably seen the peak of the euro/dollar, and that any rebound from here won’t see euro/dollar above 1.50. As a result, rallies in euro/dollar should be sold, as we focus in on the longer-term target of 1.20 in the next 12 months.

Gold support is at $1,515 and $1,512. Resistance is at $1,528 and $1,538.

Bill Murphy, Gold should be $2500 by now

Bill Murphy, chairman of the Gold Anti-Trust Action Committee (GATA), : ..free market price of gold if it kept pace with inflation would be $2500 right now and it is only $1500 and change , well that seems like a lot compared to years ago when it is done but that's an example of what the price suppression scheme has done , all these gold cartel can do now , because they do not have the gold that people think they have is manage a retreat keep an excitement to a minimum try to keep gold out of the headline as a barometer of bad tidings for the financial world , but these gold cartels been losing they are gonna lose they are in deep trouble is no telling what silver can do in the upside the public is just waking up in the United States to Gold and Silver the ownership of each is tiny , it is a very exciting time for , to be involved in precious metals and also for GATA .....




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 : Paper silver vs physical silver

Bill Murphy, Chairman of GATA the Gold Anti-Trust Action Committee, interviewed by James Turk, Director of the GoldMoney Foundation .Bill Murphy : ...the price of gold is gone too high a lot of people cannot afford an ounce of gold but they can afford Silver at these prices and because the west is so momentum oriented all of a sudden it is becoming fashionable that to own gold and silver , somebody the other day said they went to sell their silver and there was lines at the coin shops and they taught there was people going to sell their silver , they were (instead) buying !!! I think it is very encouraging from my stand point because it is making the life for the gold cartel and the people in the short side it is ruining them it is killing them , I mean they are deep under water , you well know they raid the market they tried tricks by raising the margins they attack at certain time , it is not working , in the old days years ago they will make moves like these there will be many many months before the price can recover because there was so much technical damage in terms of the technical market , now because of the physical market which you are talking about and that what I say that's where the importance is , you got these dips Floomps people are flocking in on every dip , so their games do not work like they used to and that's why we gonna to have something that's never been seen before in a market in America ...."

" I think that's too (the collapse of the dollar) , Silver is going bananas it's just bid bid bid , and the shorts at some point they have to cover something may be not the one being bailed out by the government but if you short silver .., just the other day I put in my commentary about Carlos Slim putting on hedges all type of Gold this is the richest guy in the world , he is not going to be the richest guy in the world if this keeps going on ......




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Max Keiser : China the new Gold bug

"....China is now top gold bug , china investment demand for gold more than doubled to 90.9 metric tons in this first quarter of 2011 compared to 2010, they now out paced India which is historically the largest Gold investor in the world , and it is not just China cause global gold investment demand increased by 52% to 366.4 tons in the first quarter , helping off-set a 56 tons outflow from exchange traded funds which are popular investment tools in the west " says Stacy Herbert cash in your ETF and hold physical gold , there is an outflow from paper and inflow into solid gold and yet the mainstream media keeps on repating that the gold bubble has popped because people like George Soros are selling their paper Gold ...Gold stand Rock Hard baby says the one and only Max Keiser



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 continued to enjoy good support yesterday and overnight

Gold continued to enjoy good support yesterday and overnight. Supporting the upward momentum was disappointing US durable goods order data. While the adjustment to March durable goods data was positive, the April data indicates a slowdown in especially new orders and transportation equipment. The slowdown in transportation equipment is expected —
seasonally US car sales decline sharply in April. This component should pick up again in May. However, of more concern to us is an inventory level of manufactured durables and transportation equipment that continues to rise.

Another development that buoyed gold in overnight trade, was
a) the approval of gold’s use as collateral by European authorities and
b) the Shanghai Exchange looking at prospects for a gold lease market off the back of growing demand in China.

This morning however, we have seen someGold come under pressure as early profit-taking emerges in European markets ahead of the weekend and the end of the month. With the dollar still considerably weaker and sentiment still weighed down by Eurozone debt concerns, we don’t expect significant downside for the complex. Adding to gold’s weakness, we have seen selling in the physical market outpace buying for the first time in six weeks.

However, we doubt this will continue, and expect the physical market to return to net buyers again soon. For today, we will look closely at US personal consumption numbers for Q1:11 due for release, as well as personal spending numbers for April due for release tomorrow. Weakness in personal spending, combined with a build in inventory, would be read as a negative for the US economy in general. This could lead to further dollar weakness and a desire for the safety, both
bullish factors for Gold.

Gold support is at $1,518 and $1,514. Resistance is at $1,530 and $1,537.

Return to the Gold Standard May 21, 2011

A great interview on CSPAN about the return to a gold standard. The interview also touches on Ron Paul and SDR's.Ralph Benko talked about the gold standard and the push by some conservatives to return to it. South Carolina is the latest state to propose a bill that would make gold and silver coins a form of legal tender in the state. Utah was the first state and more than a dozen other states are considering similar moves. He also responded to telephone calls and electronic communications.

Gold continue to gain as appetite for safe-haven assets is spurred by growing concerns over Eurozone debt

Gold continue to gain as appetite for safe-haven assets is spurred by growing concerns over Eurozone debt. In addition, yesterday’s disappointing Richmond Fed manufacturing data has once again brought into question the strength of the US economic recovery. The index which measures manufacturing activity in the central Atlantic region of the US, fell 6% m/m (consensus: an increase of 9% m/m), as shipments and new orders weakened.

This follows other US economic indicators on manufacturing that have disappointed over the past few weeks. It also follows indicators elsewhere, such as China’s industrial and manufacturing data, which shows a slowdown in growth. These are all bullish signals for gold, as investors’ appetite for risk diminishes. To this end, this afternoon’s US durable and capital goods orders data could have a bearing on commodities markets. Weaker-than-expected numbers would bearish for base metals, but if this should lead to some dollar weakness and a desire for safety, precious metals could benefit.

Currently, we believe that default by a Eurozone country is not fully reflected in commodity prices. The reason is that when working with sovereign defaults it is most likely that other markets will come under pressure, for example, the foreign exchange market. It is impossible to say with certainty what the effect on the euro will be if a default occurs, since this depends on external policy shocks. Our FX strategist believes that we have probably seen the peak of the euro/dollar in the next few months and that any rebound from here won’t see the euro above $1.50. As a result, rallies in euro/dollar should be sold as we focus in on the longer-term target of $1.20 a year from now.

On the back of slower growth data, the possible default/restructuring of Eurozone debt and the large policy risk that goes with it, we maintain our position that economic conditions favour gold.

Gold support is at $1,517 and $1,508. Resistance is at $1,533 and $1,538.

Who is The Mystery Gold Buyer? - CNBC 5-24-2011

Gold futures hit their highest settle in three weeks, with the Fast Money traders.Someone bought 50 000 Gold Call options between $16000 and $18000 out of the money expires September , total $50 Million in Call premium paid it is likely to be a central bank or a sovereign fund are they betting on QE3 ? or is it just a speculative move ?




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)

Tungsten Plated Gold Bars

All hell will brake lose when the general public finds out about this...spread the word, buy gold in 1 oz or smaller which is impossible to forge, and impractical, it would cost more than the gold value, to make the smaller bars or coins.From the China Tungsten website: ".... tungsten is environmental-friendly, durable and hardness, the most important is that its density of 19.25g/cm3 is just about the same density as gold (19.3g/cm3), which bears the similar specific gravity.These advantages make tungsten .... the best substitute for the costly metal of gold or platinum..... a coin with a tungsten center and gold all around it could not be detected as counterfeit by density measurement alone."



I was priviliged enough to personally witness a 400oz bar cut up, revealing it was tungsten inside. Only a thin coating of genuine 9.999 over the outside, probably less than a quarter of an ounce! And this was a bar that was within the central bank system and leased out to Heaven only knows who! This was well over 20 years ago so it's nothing new. God only knows by how much central banks' claimed gold holdings are removed from reality. In the scale of bank scandals, this is THE BIG ONE.

Gold is making steady gains as appetite for safe-haven assets returns

Gold is making steady gains as appetite for safe-haven assets returns. Fitch has reduced the outlook on Belgium’s sovereign debt rating to negative, fuelling concerns over the Eurozone debt situation. The physical market for gold also remains supportive, with strong demand driven by interest in Asia, and in particular China & India. FDrom a technical perspective, with gold above $1,498, we foresee further upside. In addition, a sustained break above $1,520 could bring $1,535 within reach this week.

Gold support is at $1,510 and $1,499. Resistance is at $1,527 and $1,531.

Victor Sperandeo and James Turk on Silver Market Volatility

James Turk, Director of the GoldMoney Foundation interviews Victor Sperandeo President and CEO of Alpha Financial technologies and a Wall Street trader and financial commentator about what's going on with the Silver Market lately . Victor Sperandeo : the volatility of Silver using the standard deviation of the last ten years it's 32 percent it's more than double the S&P it's far more than the NASDAQ , it is the most volatile object on the face of the earth , the trading algorithms that make money on silver are the long term because they are fundamentally driven , Gold and Silver are long term fundamentally driven objects

Gold is finding good support

Gold is finding good support. Our view remains unchanged. We believe that gold will continue to push higher in 2011. The metal has reached $1,500 and we expect it to consolidate above this level soon. We maintain our core long view on gold. While we believe gold would move higher in dollar terms, we expect it gold denominated in euros to outperform.

On the back of the unfolding debt crises in Europe, our G10 FX analysts last week updated their outlook on the euro/dollar exchange rate. We now believe we have probably seen the peak of the euro/dollar and that any rebound from here won’t see euro/dollar above 1.50. As a result, rallies in euro/dollar should be sold as we focus in on the longer-term target of 1.20 in the next 12 months.

Gold support is at $1,494 and $1,476. Resistance is at $1,519 and $1,522.

David Morgan : The Real Silver to Gold Ratio is 6 to 1

David Morgan - Financial Sense Newshour May/20/2011

David Morgan says that the 16 to 1 and the 15 to one silver to gold ratio that many analyst talk about is in fact the monetary ratio that was when both silver and gold were both money it was dictated when both silver and gold were accepted as money , you can trade 1 ounce of gold for 16 ounces of silver for example , but the natural ratio in the crust of the earth from as far as we know in all recorded history there are 42 billion ounces that were brought out of the earth in all of recorded history and regarding gold it is around 7 billion ounces regarding whose study you take so the real ratio is actually 6 that's the natural ratio says David Morgan





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 and Silver are God's Money

Only Gold And Silver Can Be Real Money . The dollar and with it all paper money are quickly losing value and the whole debt crisis is emerging, Farming and Agriculture is a great way to be self sufficient and also Gold and Silver are Gods money and not the dollar or any other paper currency. Now is a good time to prepare and have a shift in values.My suggestion is to hoard physical gold and silver for the next two to 5 years and when the prices of gold and silver become astronomical in the range of $10000 an ounce for gold and $15000 an ounce for silver , to convert part of your gold and silver into real estate and especially into farmland , keep 50% of your gold and silver cause the prices are probably go even higher in the range of 50K to 80K an ounce for gold ...during the Weimer republic hyperinflation , people were able to buy whole blocks of real estate in the heart of Berlin for few ounces of Gold, history repeats itself as we know especially for those like Ben Bernanke who never learn their lesson

Gold Back To Above 1,500 Again

Encouraged by a weaker dollar, gold managed to push out of the doldrums of Friday. However, after pushing through the important $1,500 level this morning, momentum once again seems to be waning.

Looking to next week, Eurozone and German PMI data will be closely watched for any indications of the health of the region’s economy, especially in light of ongoing sovereign debt concerns. Worse-than-expected figures could weigh on Gold.

Mike Maloney : Silver how to Profit from the Greatest Wealth Transfer in History

This is an excerpt from Mike Maloney's presentation " Silver how to Profit from the Greatest Wealth Transfer in History" at the 2011 Casey Research Spring Summit : anyway this turns out The Dollar is going to go into a crisis of confidence there is just no escaping that you cannot do what they have done to the monetary system over these years , you can't cheat gold the way they have done and not have it coming back to haunt you someday ,...Deflation is Ben Bernanke's worst nightmare and it is happening right now




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 back over the $1,500 mark

Gold is back over the $1500 mark , most analyst are optimistic and see the gold bull run going on for the next 3 years or so , many predict to see gold at $2000 /oz before the end of this year , Silver is up too today and it is over $35/oz



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 on Gold Silver price manipulation

Bill Murphy - Goldseek Radio May 18, 2011

Goldseek Radio Special Guest Interview: Bill Murphy on gold price manipulation and his economic and precious metals outlook (lemetropolecafe.com)
(Chairman of GATA – The Gold Anti-Trust Action Committee)
Bill Murphy is a well-known financial commentator and is the Chairman
of the Gold Anti-Trust Action Committee (GATA.org).
Gold and Silver are so undervalued says Bill Murphy this is the greatest investment opportunity in History ....



Bill Murphy : "The Gold Anti-Trust Action Committee (GATA) was formed in January
1999 to expose and oppose the manipulation and suppression of the
price of gold. What we have learned over the past 11 years is of great
importance in regard to this hearing on position limits in the
precious metals futures markets. Our efforts to expose manipulation in
the gold market parallel those of Harry Markopolos to expose the
Madoff Ponzi scheme to the Securities and Exchange Commission.

"Initially we thought that the manipulation of the gold market was
undertaken as a coordinated profit scheme by certain bullion banks,
like JPMorgan, Chase Bank, and Goldman Sachs, and that it violated
federal and state anti-trust laws. But we soon discerned that the
bullion banks were working closely with the U.S. Treasury Department
and Federal Reserve in a gold cartel, part of a broad scheme of
manipulation of the currency, precious metals, and bond markets."

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 gained some upward momentum as fears of an early exit to monetary stimulus evaporated

As anticipated, yesterday's trade was characterised by choppy price moves as investors grew anxious ahead of the release of the FOMC minutes. After the release, Gold gained some upward momentum as fears of an early exit to monetary stimulus evaporated. The Fed reiterated its stance that a slower than anticipated recovery, a still weak (although improving) labour market and inflation increases that it viewed as transitory did not necessitate a reconsideration of planned monetary accommodation. The minutes also revealed that FOMC members were nearing agreement on a possible sequence for an exit strategy.

However, it was stressed that this did not mean that monetary tightening “would necessarily begin soon”. The majority of members it appears prefer the first asset sales in order to drain liquidity to occur after the first rate hike. Afterwards, assets sales should follow a pre-announced, although adjustable (dependent on close monitoring of inflation), path. We feel that even though the Fed’s quantitative easing programme is likely to end in June, global liquidity will continue to grow as a result of government borrowing. Consequently, support from a liquidity perspective should remain in place for gold.

Gold support is at $1,482 and $1,476. Resistance is at $1,497 and $1,506.

Gold strong fundamentals Driving Demand

"Since the start of this bull run in 2002 it's been an orderly rise in price, I don't think we can argue that it's not reacted properly to the world situation," says Marcus Grubb, managing director investment at the World Gold Council told CNBC. , the dollar is now a derivative with no under layer , thefear of sovereign debt default and inflation will keep driving gold prices higher




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Mike Maloney Why Gold & Silver? FULL MOVIE

An excellent documentary by Mike Maloney featuring James Turk Ron Paul Robert Kiyosaki ...the safest place to be are gold and silver now they are dirt cheap this opportunity is not going to last forever , you will still going to be able to buy a medium size house for 1000 ounces of silver just history repeating itself....




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 have made steady gains overnight

Gold have made steady gains overnight, largely supported by a weaker dollar and resurfacing concerns over the Eurozone debt situation. Physical buying remains supportive of gold below $1,500. Today’s release of the FOMC minutes will be important as a signal of the Fed’s plans for liquidity. In anticipation of the release talk/suggestions that the Fed may start to reduce the size of its balance sheet and drain liquidity from the economy are likely to surface. When the Fed drains liquidity, it will be bearish commodities in general, but gold specifically. We find gold has by far the greatest causality with liquidity, followed by crude, and then base metals in general.
However, we feel there is no reason to think that the Fed would begin tightening monetary policy (raising rates or draining liquidity) any time soon.

Inflation pressures in the US remain subdued, while the labour market still looks relatively weak. In addition, we feel that even though the Fed’s quantitative easing program may end in June, global liquidity will continue to grow as a result of government borrowing. Consequently, support from a liquidity perspective should remain in place for gold.

Gold support is at $1,477 and $1,461. Resistance is at $1,504 and $1,514.

David Morgan hosts a Silver Conference with Eric Sprott Rob Kirby Bill Murphy James Anderson Bob Quartermain SGTbull - 14 May 2011

David Morgan hosts a Silver Conference with precious metals experts and analysts : Eric Sprott Rob Kirby Bill Murphy James Anderson Bob Quartermain SGTbull , these mainly bulls will explain how the markets are rigged why the gold and silver is not in any kind of bubble and why you should hoard physical silver and gold for the long run the Bull market is just about to begin you have not seen anything yet ....ENJOY the ride :

Hong Kong Mercantile Exchange begins offering of yuan-denominated gold future today

First physical gold delivery right beneath the Hong Kong airport the new Hong Kong Mercantile Exchange starts offering today yuan-denominated and dollar - denominated gold futures this is the first time that future contracts with gold are offered with physical delivery unlike of what is happening in the COMEX , this is a new different market that should appeal to the asian investors in particular. The Industrial & Commercial Bank of China-backed bourse plans to introduce dollar silver futures by June after trading of dollar-denominated gold futures begins today, Albert Helmig, president of the exchange, said. China is promoting the use of the yuan in global trade and investment to reduce its reliance on the dollar.







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)

Eric Sprott : I am a buyer of Silver today and tomorrow

Max Keiser guest Eric Sprott on commodities prices  (12May11)

Eric Sprott : I have always looked at silver and gold as a situation where the demand will exceed the supply and when I looked at gold in the last decade we had a great change from the demand side which central banks used to be sellers and became buyers we used to have no ETFs now we have ETFs we used to have mining companies with hedge now they do not hedge and the shifts in ownerships have been dramatic in a market where we really seen no rise in supply in the case of silver what really turned me on about 12 months ago was as we witnessed people buying silver , you realize that there would not be enough silver to buy and as examples the US mint today sells as many dollars of silver as dollars of gold when you realize that silver trades at 40 to one ratio means they are buying 40 times physical ounces of silver as they are buying gold , when we sold our gold ETF we raised 440 million when we sold our silver ETF we raised 550 million , James Turk of Gold money he sells more dollars of silver than gold we have a little company called Sprott money that sells gold and silver coins we sell way more dollars of silver than gold , and so here we are in a situation where the prices are 40 to one but the dollars going into it are almost dead equal so I can't see the price ratio staying in this range ...we have been a net buyers of silver everyday , I'll be a buyer of silver today , I'll be a buyer of silver tomorrow so we have not lost any faith to what happened to silver ...I have no fear of silver here , yes it will be parabolic but it will be more parabolic than we have today , I have always thought that silver would trade at 60 to one ratio in terms of prices to gold to make it simple if we measure the gold at $1600 that would suggest that silver could go to $100 I think it might even over shoot downside may be trade as much as 10 to one and the reason I think that is that I believe that gold today is the de facto reserve currency silver has always been a currency people are treating it as a currency , it is a very very small market there is no way that with roughly 50 billion dollar of silver inventory around that we can make it a currency at these price levels so I see the price going much higher ....







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)

Robert Kiyosaki : $200 Silver not out of line

Robert Kiyosaki is not buying Gold and Silver right now but he is still bullish on them : No , but that does not mean I am not bullish on Gold and Silver , the problem with Gold and Silver I say it again I can't borrow money to buy three million dollar worth of gold I have to use my money I won't use debt , other people's money , number two there is no cash flow from that I don't have income from it so and If I have to sell it I have to pay 28 percent in tax , I'd rather put my money on oil project where I got 28 percent tax break right away , that makes more sense to me , at the same time I am still now investing in copper and natural gas because they are all time lows ...when something starts to move like gold and silver I am on to the next venture should I say , and I made my money in gold and silver , I made enough ....when asked if it is safer to buy silver now Robert Kiyosaki says : you should have bought it when it was three bucks that's when I bought so...look I want to say this : I do not like gold and silver simply because of the tax issue in it , if you buy an ETF like SLV or GLD you pay 28 percent tax that's because the government does not like gold and silver because they rather have you play with their dollars their fraudulent US Dollars the counterfeit money , so gold and silver is good and when I say to most people who don't now anything , gold and silver are better than saving money cash , another thing is this , when I look at the world I look at ten year increment here's 2010 going into 2020 those ten year period , in those coming ten years 85 million baby boomers start to retire that's approximately a hundred trillion dollars in social security and medicare the question I have for you : can Obama or the US Congress and the senate can they solve a hundred trillion dollars deficit , I say no they can't so that's why I'll continue to buy gold and silver if I have an extra cash that's what I do ..I love my country I just do not trust my leaders I don't think they are going to solve this problem democrats republicans independent Buddhists christian Hindu Jewish I do not care they can't solve this problem ...China is in a massive problem right now ...so it is not what the politicians are gonna do , it is what you gonna do about it right now , so if you don't know much Gold and Silver are pretty safe bets but not from the tax side from the capital gain side simply because the United States is in a very serious financial trouble and I do not think republicans or democrats are gonna fix the problem...I think we are going down , I think the dollar is going to dive and that's why I am in oil production I am in rental real estate because people have to have a roof over their head and silver has already made its move but it still has more to go I think I do not think 200 dollars silver is out of line but I have already bought it at 4 dollars ,5 dollars 7 dollars I bought as high as 17 dollars then I stopped if you read my blogs I said buy Silver under twenty and sure enough in the last year it has got up a 145 percent went right past twenty...











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, Soros Sells Paulson Buys 5/17/2011

Gold, Soros Sells Paulson Buys 5/17/2011



"last night's 13f reports revealed a hedge fund street fight in the making over gold. George Soros dumping nearly all of his holdings in GLD while john paulson held on to his, even adding positions in some Gold Miners ".

BK :" I'm with John Paulson, gold goes higher at this point in time. I don't have a lot of gold positions. you have to point out , two weeks ago rumors that George Soros was dumping silver and gold. he did it on a sun night. this data says that he sold it back in January and February. rumors were just flat-out wrong. and the reason for people selling gold on that was flat-out wrong. "




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)

Physical buying continues to provide support for gold on approach of $1,480

Physical buying continues to provide support for gold on approach of $1,480. However, investors still seem cautious for now as low volumes and generally sideways moves have characterised trading overnight. We maintain our view that gold should be bought on dips below $1,500, given that strong physical buying interest seems to limit the downside below $1,480.

Long term, we expect gold to consolidate above $1,500 soon. We therefore remain bullish on gold. The latest CFTC data (covering the week ended 10 May) shows that net speculative length in gold fell strongly. Falling 75.7 tonnes over the week, this was the largest drop this year. The net speculative position for gold now stands at 684.7 tonnes — down 37.8 tonnes since the beginning of the year. The fall was largely due to a drop of 71.7 tonnes in speculative longs, with
only a modest in speculative shorts of 3.9 tonnes. Although the fall in speculative longs was substantial, given that there were only minimal additions to speculative shorts, we are still reluctant to take this as signal of a market that has turned bearish on gold.

Rather, we see participants adjusting positions, which might lead to some short-term downward pressure, at the worst. Encouragingly, ETF holdings of gold saw a strong increase of 123.1 tonnes over the week ended 13 May. This assures as that investor interest in gold is still relatively strong. Coupled with the strong physical interest we’ve seen below $1,500, this supports
our long-term bullish view on gold.

In terms of data flow today, we would keep an eye on US industrial production and capacity utilisation, as well as housing data. These releases will be watched closely for indications of a strengthening US economy. Better-than-expected results could see renewed dollar strength, as well as a reduction in risk aversion, which would see precious metals on the back foot.

Gold support is at $1,486 and $1,478. Resistance is at $1,504 and $1,513.

Lessons to be learned from the Gold and Silver Correction

According to Jon Nadler, senior analyst at Kitco.com, there is a lesson we can learn from the recent Gold and Silver corrections and massive selloffs : I think that the number one lesson is a repeat of the lesson actually and that is that whenever you see the crowds piling in. You've got to be mindful of the fact that when the sky appear the bluest that's when surprises happen. Time and again people learned along the way the hard way by piling in when its headline material and Forget their true Objectives and of course you know buying it in a bubble that type of bubble has consequences "








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 : why Gold and Silver should be in your portfolio

John Embry Chief Investment Strategist at Sprott Asset Management discusses the reasons why people should own Gold and Silver : ...I think that it is absolutely essential that gold and silver be in anybody's portfolio particularly anybody that has substantial wealth for the simple reason that paper assets are under attack because of the debasement of money and I mean if you want sort of historical example look at what happened in the 1970s if you had gold and silver in your portfolio I mean you offset the fact that inflationary environmental the real returns on paper assets bonds and stocks were negligible if not considerably negative and if you had enough to have a lot but if you had a say a ten percent representation in your portfolio you skated through what positive returns with positive returns of overall portfolio but if you did not you have a negative return so the situation today is infinitely worse than it was then so I think it's essential that people have it and the interesting fact is that the vast majority of people don't have it which gives you sort of a leg up if you got it , right now basically if you don't have it you better be getting it soon ...you should diversify ...the safest way to own gold is in your position ...you should have ten to twenty percent portfolio in physical gold and silver ...the US Stocks today are grotesquely over priced , the US bond market dos not even deserve a comment ...the currency debasement is a worldwide phenomenon



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 have been sold into rallies

After the previous week’s dramatic fall, open interest rose marginally last week, by 1.4 tonnes. As of last Friday, gold open interest stood at 1,650 tonnes on COMEX, well below last year’s average of 1,787 tonnes. Unsurprisingly, given the modest change in open interest, prices remained largely unmoved from the previous Friday.

The strong liquidations experienced during the period the latest CFTC data covers are very much evident. Net speculative length fell strongly. Falling 75.7 tonnes over the week, this was the largest drop this year. The net speculative position for gold now stands at 684.7 tonnes — down 37.8 tonnes since the beginning of the year. The fall was largely due to a drop of 71.7 tonnes in speculative longs, with only a modest in speculative shorts of 3.9 tonnes. Although the fall in speculative longs was substantial, given that there were only minimal additions to speculative shorts, we are still reluctant to take this as signal of a market that has turned bearish on gold. Rather, we see participants adjusting positions, which might lead to some short-term downward pressure, at the worst.

Encouragingly, ETF holdings of gold saw a strong increase of 123.1 tonnes over the week ending 13 May. This assures as that investor interest in gold is still relatively strong. Coupled with the strong physical interest we’ve seen below $1,500, this supports our long-term bullish view on gold.

After the larger-scale liquidations, net speculative length as a percentage of open interest has fallen even further. Currently at 27%, this is well below the 31% average seen during 2010, and shows a market far from overextended.

Similar to other commodities, over the past week Gold have been sold into rallies. However, as pointed out last week in Commodities Daily, they believe that gold should be bought on dips below $1,500. The strong physical buying interest with gold below $1,500 supports our short-term tactical view. Long term, we expect gold to consolidate above $1,500 soon. We therefore maintain our core long view on gold.

Gold support is at $1,479 and $1,464. Resistance is at $1,512 and $1,531.

Jim Rogers not selling his Gold and Silver

Jim Rogers : I still own my gold I haven't sold any gold and if it goes down I hope I'm smart enough to buy some more just like with silver , in Thestreet.com


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)

Silver is going through a rerating right now says Keith Neumeyer

Keith Neumeyer, First Majestic Silver president & CEO, sheds insight on why his company's stock is down. : ...."...well, I think there was some short covering going on in the latter part of march and into early April really propelled silver up to close to $50. really silver is going through a rerating right now. and one of the important things to me is a silver producing mining company is that as we rely more on technology, we become more reliant on 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)

Silver is on Sale right now

James Anderson Managing Director at Goldsilver.com : whoever has physical silver in his hands will make the rules , silver below $50 an ounce is at sale , the 1980 high is a nominal high cause the dollars in 1980 are worth a lot more than the dollars in 2011 the money supply exploded since then , the true inflation adjusted all time high is $140 but if you use the more accurate statistics from John Williams it is close to $300 an ounce , having ounces is what matters the question is how many ounces you have in your possession , Silver is on Sale right now keep stacking anybody who have been stacking ounces will be setting pretty



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)

Eric Sprott : Silver is the best recommendation anyone can make this decade

Eric Sprott : ..Silver is the best recommendation anyone can make this decade...I have always looked at silver and gold as a situation where the demand will exceed the supply , and when I looked at gold in the last decade we had a great change in from the demand side where central banks used to be sellers and became buyers , we used to have no ETFs now we have ETFs we used to have mining companies with hedge now they don't hedge and the shifts in ownership had been dramatic in a market where we really see no rise in supply , in the case of silver what really turned me on about twelve months ago was as we witness people buying silver you realize there would not be enough silver to buy and as example the US mint today sells as many dollars of silver as dollars of gold , when you realize that silver trades at forty to one ratio means that they are buying at forty times of physical ounces of silver as they are buying gold , when we sold our gold ETF we raised 440 million , when we sold our silver ETF we raised 550 million , James Turk of Gold Money he sells more dollars of silver than gold we have a little company called Sprott money that sells gold and silver coins , we sell way more dollars of silver than Gold and so here we are in a situation where the price is forty to one but the dollars going in to it are almost dead equal , so I can't see the price ratio staying in this range ...
we have been a net buyer of silver everyday , I will be a buyer of silver today I will be a buyer of silver tomorrow so we have not lost any faith in what's happen to silver ...what happened last week in mind is just another of those raids that we experience from time to time ...there was no particular reason for it , then we end up with five margin request increases , somebody is manipulating the price of silver and that's totally my attitude I have no fear of silver here , yes it will be parabolic but it will be more parabolic than we have today I have always thought that silver would trade at 16 to one ratio in terms of price to gold to make it simple if we measure gold at $1600 that would suggest that silver may go to $100 , I think it might even over shoot on the downside may be trade as much as ten to one , and the reason I think that is that I believe that Gold today is the De Facto reserve currency it has out performed everything for eleven years , Silver has always been a currency people are now treating it as a currency much as you are recommending to people , i is a very very small market there is no way that with roughly fifty billion dollars of silver inventory around that we can make it a currency at these price levels so I see the price going much higher ....
I think last week decline was premeditated it happened in the early hours of Sunday/Monday morning when markets were not re-operating England was closed China was closed it was a great opportunity just to mark it down ...so I think it was very much orchestrated , one thing that I think we should all look at is the trading of silver in the paper market which I mean the COMEX and the SLV last week it probably averaged 1.2 billion ounces per day , there is only 700 million ounces mined in a year there is only 33 million ounces of physical silver at the COMEX available for delivery by the commercial shorters . I mean if only something like 3 percent of the people that were trading silver 3 percent in one day demanded physical delivery there will no silver in the COMEX , so I look at those paper markets and I just believe it's paper it's guys pushing buttons who have really no invested interest in silver other than trying to move the price one way or guess which way the price is going ...so...





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 on the Silver Sell-off

David Morgan on the Financial Sense Newshour 13 May 2011 : ...to be objective I anticipated this move , not to the level in got at , I became cautious around the $38 dollars level personally for my trading account I sold out around $46 level it was the day that it started to come back a little bit bounced further the next day , it was point when I was anticipating that there is gonna be further parabolic move , ...any time you will see a parabolic move you will have the authorities increasing the margin requirements ....the last place you wanna be is a leveraged position





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 : why you should own Gold in your portfolio

John Embry Chief Investment Strategist at Sprott Asset Management discusses the reasons why people should own Gold and Silver : ...I think that it is absolutely essential that gold and silver be in anybody's portfolio particularly anybody that has substantial wealth for the simple reason that paper assets are under attack because of the debasement of money and I mean if you want sort of historical example look at what happened in the 1970s if you had gold and silver in your portfolio I mean you offset the fact that inflationary environmental the real returns on paper assets bonds and stocks were negligeable if not considerably negative and if you had enough to have a lot but if you had a say a ten percent representation in your portfolio you skated through what positive returns with positive returns of overall portfolio but if you did not you have a negative return so the situation today is infinitely worse than it was then so I think it's essential that people have it and the interesting fact is that the vast majority of people don't have it which gives you sort of a leg up if you got it , right now basically if you don't have it you better be getting it soon ...you should diversify ...the safest way to own gold is in your position ...you should have ten to twenty percent portfolio in physical gold and silver ...the US Stocks today are grotesquely over priced , the US bond market dos not even deserve a comment ...the currency debasement is a worldwide phenomenon



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 : The commodities bull Market has several more years to go

Jim Rogers : "..well, I own commodities. we're in a major secular bull market which has several more years to go. there'll be setbacks just as we saw last week, but don't worry."


" it's going to cut demand for oil for a week or two. the CME seems to have it in their heads they've got to make oil commodity prices going down, they're worried about Washington or something. but in the end, it doesn't matter. if there's not enough oil, there's not enough oil, no matter what the CME or Washington does. "
" it may slow demand down, yes, but there's also declining supply. the IEA, the international energy agency says the supply reserves are declining at the rate of 6% a year. do the arithmetic, supply is going down even if demand goes down."


" well, I actually own a few u.s. dollars , I know, it's embarrassing, isn't it? it's embarrassing, i know. but i agree that they probably will stop QE2, at least for a while. the dollar's been beaten down by everybody, everybody's bearish, including me, it should have a rally, so we'll see."




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 should be bought on dips below $1,500

Physical buying interest and a weaker dollar have managed to lift gold, and along with it. Once again, strong physical buying, especially out of Asia, helped curb momentum-driven selling that had pushed gold below $1,500. This confirms our tactical view that gold should be bought on dips below $1,500, as physical demand places a floor at these levels.

Yesterday’s reserve requirement increase by China’s central bank did not have much bearing on Gold markets. This is unsurprising, as we’ve highlighted previously my old posting reveals that of all the monetary policy tools the PBOC employs, reserve requirements have the most benign impact on commodities.

A slight uptick in US jobless claims figures and indications of growing business inventories, might have lent some support to the complex on raised concerns over the strength of the US economic recovery. Slightly worse-than-expected US producer inflation (6.8% y/y versus an expected 6.5% y/y) might have also renewed fears over rising inflation, and seen some inflationhedge
motivated buying. Better-than-expected Eurozone GDP numbers have seen a slight pullback in gold , as this has most likely increased confidence and dampened the safe-have appeal of the complex. As well as Gold in general if the dollar should weaken further.

US consumer inflation numbers this afternoon, could have some influence in that they might prompt speculation surrounding the Fed’s end to quantitative easing and raise inflation concerns. In anticipation of the release of the FOMC minutes next week speculation that the Fed may start to reduce the size of its balance sheet and drain liquidity from the economy will once again surface. When the Fed drains liquidity, it will be bearish commodities in general, but gold specifically. We don’t believe that the Fed will seriously contemplate tightening monetary policy before the scheduled end of QEII in June, especially given the benign inflation outlook and stubbornly high unemployment.

Gold support is at $1,492 and $1,470. Resistance is at $1,523 and $1,531.

Gold May Rise to $2,000 says Eric Sprott

As investors continue to buy gold prefering it to paper money the price may go as high as $2000 before the end of this year says Eric Sprott Chairman, Chief Executive Officer & Portfolio Manager of Sprott Inc . Gold will rise by at least 17% this year, Sprott said today in an interview during the New York Hard Assets Investment Conference. The metal averaged $1,228.45 an ounce last year on the Comex in New York and ended 2010 at $1421.40.

“It’s gone up 17% a year for the past 11 years; I’m sure it will do that as a minimum,” Sprott said. “It could easily hit $2,000 this year. That wouldn’t be out of the question.”

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)

Steve Forbes promotes a return to the Gold Standard

Steve Forbes promotes a return to the Gold Standard if this happens, gold will have to be revalued to make up for all the dollars printing into existence, gold will go to 15k an ounce easily!!! Gold is true money, Money= a storage of wealth which is portable, scarce/rare, does not spoil or tarnish, and retains its value if not increase in value over long periods of time which would keep prices down.it also has intrinsic value."China moving in the right direction" China has plastic money backed by silver. Yeah this is totally better than having brass and zinc money backed by gold.
End the Fed



Only the FDR Glass-Steagall principle will separate commercial from speculative banking, thus freeing the nation from obligations to Wall St. and the City of London, and re-establishing a credit system for rebuilding the nation.

H.R. 1489, Return to Prudent Banking Act of 2011, is before the House of Representatives, which aims to revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so called 'Glass-Steagall Act

John Embry & James Turk - U.S. Dollar on Death Row

John Embry Chief Investment Strategist at Sprott Asset Management believes that the days of the dollar are numbered : I do I look at things mathematically he says , when I look at the budget deficit for example you reach the stage now where expenditures are twice as much as revenues , they are taking in less than 50 percent of what they're spending anytime you seen that in history that mean you by pass the point of no return so I find these debates of how much spending and cuts they gonna have or tax rise or sort of deals budget deficit problems kinda factious because I think they have reach the state in which they can do nothing but monetize to debt because they can't crack it - U.S. Dollar on Death Row





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)

Chinese inflation and monetary aggregate figures, at first prompted some knee-jerk selling

Apart from a short-lived dip early in the New York trading session due to rumours that there might be a hike in margin requirements for COMEX gold, gold and silver have continued to make steady gains. As we had anticipated, the release of Chinese inflation and monetary aggregate figures, at first prompted some knee-jerk selling. Consumer inflation for April came in higher
than expectations at 5.3% y/y (consensus: 5.2% y/y), which heightened the market’s concerns over rising global inflation. This has provided some support for Gold, more so for gold and silver, as investors seek to protect the value of their wealth from rising prices.

Eurozone debt concerns continue to play a supportive role, and along with renewed physical interest, we see the potential for more upside today for gold and silver. Looking specifically at gold, we have seen strong physical buying interest in recent days. The buying interest on Friday last week was the strongest we’ve seen since early February. While consistent physical buying interest has come from most notably from India, we are witnessing a broader interest from Asia in general — even with gold above $1,500. We believe gold should be bought on approach of $1,500. Strategically we remain bullish on gold, even at these levels.

Gold support is at $1,513 and $1,503. Resistance is at $1,527 and $1,530.

Gold May Rise to $2,000 as Alternative to Currency, Eric Sprott says

As investors continue to buy gold preferring it to paper money the price may go as high as $2000 before the end of this year says Eric Sprott Chairman, Chief Executive Officer & Portfolio Manager of Sprott Inc . Gold will rise by at least 17% this year, Sprott said today in an interview during the New York Hard Assets Investment Conference. The metal averaged $1,228.45 an ounce last year on the Comex in New York and ended 2010 at $1421.40. via Bloomberg

“It’s gone up 17% a year for the past 11 years; I’m sure it will do that as a minimum,” Sprott said. “It could easily hit $2,000 this year. That wouldn’t be out of the question.”  Sprott Asset Management now offers 5 types of metal funds Sprott Gold & Precious Minerals Fund, Sprott Gold Bullion Fund, Sprott Silver Bullion Fund, as well as the exchange-traded Sprott Physical Gold Trust and Sprott Physical Silver Trust.

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 have continued to rebound from last week’s sell-off

Gold have continued to rebound from last week’s sell-off. Helped along by renewed concerns over the Eurozone debt situation (after Greece’s credit rating downgrade by S&P), gold and silver made steady gains in New York trade, hampered somewhat by a stronger dollar in relation to the euro. On the Asian markets, gold and silver’s momentum began to fade, as persistent investor selling emerged.

With the resurfacing of Eurozone sovereign debt concerns, we expect to see continued appetite for gold and silver and, given the recent sell-off, expect to see a return of investor as well as physical buying in search of value.

Gold support is at $1,498 and $1,481. Resistance is at $1,523 and $1,531.

The Silver rises more than 8 percent this week

The Silver trade. It's driven by investment demand CNBC 5/10/2011

The Fast Money traders weigh in on whether you should buy silver now and which trades you should put down today.Silver looks like it has bottomed and it has started rising back up again after it fell last week on fund exits CME margin hikes in fact silver prices rises 8% this week .
B.K. " I'm still long silver, both options and the SLV. I do think you can probably get in, at least on a third position here.you can you use 33 on the SLV as your stop. that way you have a defined risk, or can you just go with some upside calls maybe the 40 calls on the SLV, something like that, but I still believe in the silver trade. one, it's driven by investment demand which certainly came off with the margin increases, but there's a new mutual fund that's coming out that's going to be holding physical silver and inflation is not done both China and Brazil are raising wages, and that will lead to more inflation. "








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 the Euro wont survive the Dollar

James Turk on how strong is the Euro ? : I want to evaluate each of these 7 points between the dollar and the Euro , number one gold prices rising , it's rising in dollar terms and it's rising in Euro terms and keep in mind to when I am talking about the dollar , what is backing the Euro , you have a little bit of GOLD in the ECB , if it hasn't been loaned out , we do not know much it has been loaned out because the ECB does not disclose that information ...eliminating the old from there what else is backing the EURO ? The DOLLAR , if the US Dollar goes into the black hole the gravitational pool will eventually pull the Euro with it , that's my basic premise ...it might not happen right away , it might take few weeks or few months but unless the Euro creates its own policy separate from the state of the US Dollar , if the US dollar goes into the black hole the gravitational pool will pull the Euro with it .....

Mike Maloney on The Silver Sell-Off

Mike Maloney : as far as the sell-off goes I really do not care , well actually I do I am hoping silver will go down a little bit more because I want to buy more , I want a lot more . silver has yet to exceed its 1980 High we came whthin a breath of it but it hasn't exceeded its 1980 high , can you name one thing on this planet that is still selling at a discount to its 1980 price !? ...
the dollar is on its death bed , the Euro is on the verge of break out , people do not realize that every 30 to 40 years the world has a new monetary system , the dollar is doomed , gold is going to go to infinity so is silver, measuring gold and silver in dollar is idiotic , gold is not anywhere near a bubble , silver is money just like gold , the dollar is a currency not money ....when gold and silver are in the run away it means that the death of the currency is right around the corner , the Hunt brothers were used as the sacrificial lamb to save the US Dollar , the precious metals always always win



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 - Net speculative length fell marginally

According to the latest CFTC (Commodity Futures Trading Commission) data, released on Friday 6 May 2011 (note that this data covers the week ending 3 May 2011 and does not include the sharp drop in commodities markets experienced at the end of last week):

1. Last week saw April’s gains all but erased as open interest fell by 47 tonnes. As of last Friday, gold open interest stood at 1,662 tonnes on COMEX, just shy of the 1,660 tonnes at the beginning of April. The fall in open interest was accompanied by a significant 4.4% w/w fall in prices.
2. Net speculative length fell marginally, after the previous week’s dramatic drop of 43.1 tonnes. Falling 5.8 tonnes over the past week, the net speculative position for gold now stands at 760.4 tonnes — down from this year’s high of 809.2 tonnes recorded only two weeks ago. The fall was largely due to a modest drop of 9.3 tonnes in speculative longs. The
   fall in speculative shorts of 3.5 tonnes helped to lessen the overall decline in net speculative length. Given that the changes in speculative positions were minimal, we would not take this as an overly bearish signal for gold, at least not over the medium term. Rather, we see participants adjusting positions which might lead to some short-term downward pressure at the worst. Encouragingly, ETF holdings of gold saw a modest increase of 5.1 tonnes over the week.
3. We do note that speculative shorts, currently at 133.8 tonnes, are still relatively high compared to last year’s average of 90.7 tonnes, indicative of a market not as confident in gold’s prospects as in 2010. This is most likely attributable to concerns over an end to US monetary accommodation.
4. Net speculative length as a percentage of open interest is still largely in line with the 31% average seen during 2010, and an encouraging sign that the speculative market is still far from overextended.

Gold rebounds over $1,500, Silver Rises 3%

Gold and Silver regain strength . Gold and Silver rise in the Asian markets this Monday. The yellow metal gained 0.6% to $ 1,504.80 an ounce. Silver rose alongside the gold by by 2.9% to $ 36.31 an ounce.Despite last week’s sell-off, very little has changed in terms of fundamentals which remain rock solid for both Gold and Silver , most experts expect to see more upward moves for gold and silver prices in the coming weeks and months .Silver went into a free-fall last week after a series of increases in trading deposit requirements by the CME .

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 Compares Gold to 9 major Currencies

James Turk Compares Gold's annual rate of exchange against 9 major currencies


James Turk Compares Gold's annual rate of exchange against 9 major currencies : The US Dollar the Canadian Dollar the Australian Dollar the Chinese Yuan The Euro , The Indian Rupee The Japanese Yen The Swiss Frank and the British Pound ....Gold is without a doubt one of this decade's best performing asset classes ...very few years in this table when gold actually lost value against any of these currencies , we had double digits rates of appreciations against all of the world's currencies ...this is a very simple way of preserving your purchasing power just hold GOLD...this rates of appreciations are going to continue...Gold is not volatile , the volatility comes from the currencies...gold is not investment Gold is Money

Silver, Gold on Steroids

Silver is a very small market cap in terms of value With about 1.2 billion ounces of available investment silver at this prices it is around 35 billion dollars market so it doesn't take much to set prices higher or lower, Ben Davies, CEO of Hinde Capital, told CNBC. In the end, both gold and silver will, in the long term go up, he explains , we are looking at a 100 to a 150 millions ounces of deficit a year which means that prices have to go higher based on the supply demand fundamentals for silver , a double digit price for silver is realistic for the next 5 years says Ben Davies





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)

Mike Maloney explains the Silver Pull-back

Mike Maloney : Silver is a Roller coaster it's a wild ride if you do not have the tolerance for it do not get into it , Mike advise against selling into your positions right now , do not think you got in in the wrong time even if you bought at the peak , the fundamentals show that silver (and gold) will go only one way and that is up up and up , this pull-back we are going through all happened before ...the average trend is going up , there is not scenario in which gold and silver do not rise ultimately they are destined for far far higher prices, Mike Maloney cautions against leverage and futures and options ....."we have a maniac named Ben Bernanke running the federal reserve trying to save the economy by destroying the dollar which will destroy the economy " says Mike Maloney



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)

Andy Gause : 50 percent of the Silver Market was speculators

Andy Gause - Jeff Rense 06 May 2011

Andy Gause : 50 percent of the Silver Market was speculators



Andy Gause : the CME changed the rules and they changed them 5 times ..50 percent of the Silver Market was speculators...JP Morgan is short 200 million ounces , many people who thought they owned silver turned out they own nothing and the money is gone....

Author and monetary ( Currency ) historian and nationally recognized expert on the U.S. Monetary System Andy ( Andrew ) Gause , author of the books The Secret World Of Money, and Uncle Sam Cooks The Books, What does Andrew foresee in 2011 for : prices of food, gasoline, natural gas, gold, silver , the bottom line is...
As long as we have a money supply that is permitted to be expanded by private banks and politicians at will, then the increase in the money supply guarantees its value will decline over time.As the value of the money we use declines, the price of physical commodities that the money can purchase will rise in price. In other words it will take more of the same paper in the future to purchase the same.
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)

Mexico sells US dollars and buys gold bullion

The Central Bank of Mexico announced the purchase of about 100 tons of gold in recent months, the equivalent to 4% of the bank's international reserves.Almost a hundred tonnes of gold in a couple of months. The purchase of the Mexican Central Bank, according to the statistics released by the IMF, this massive purchase however was not enough to halt the correction of the ingot, which yesterday - driven by the collapse of the silver, falling by almost 20% in three sessions - is back up about $ 1,490 an ounce. However, the news was welcomed by analysts as one of the most obvious manifestations of a revolution that is going through the gold market, as well as a further significant signal of lack of confidence in the greenback, now slipping in values ​​close to historic lows (the descent was continued yesterday, in response to disappointing economic data from the United States, including in particular the sharp decline in April ISM services index and orders).
After two decades of prevailing sales, the gold reserves of central banks have started last year for the first time to grow, thanks to the purchase of many emerging countries, including China, Russia and India. Mexico, however, is moving in a particularly aggressive way , at the end of January its gold reserves amounted to only 220 thousand ounces, two months later it had risen to 3.2 million ounces (or 100.15 tonnes), an amount equal to about 3.5% of world mining production and at the current prices is worth about $ 4 billion.
The Mexican stocks reached in April, the historical record of $ 128 billion, so the gold is still a marginal fraction of the total: just over 3%, compared to 70% in the case of the USA, first in world rankings . The fact that the purchases have taken place in a time when the gold price already interrelated one record after another is significant, however, that the mood across the market. Probably they think that makes sense because they are convinced that the dollar will depreciate again. A lack of confidence that weighs much, given the strong economic ties and trade with neighboring United States.
The statistics released yesterday by the IMF show that in the first quarter Russia and Thailand have also bought gold. Russia added 18.8 tons to its reserves, while Thailand has increased by 9.3 tonnes to 108.9